Jim Cramer's top 10 things to watch in the stock market Monday
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My top 10 things to watch Monday, May 4 1. Oil prices jumped after conflicting media reports of an Iranian attack on a U.S. …
My top 10 things to watch Monday, May 4 1. Oil prices jumped after conflicting media reports of an Iranian attack on a U.S. warship sparked more concerns about instability in the region, pushing the S & P 500 lower. It follows a blockbuster week for stocks, with the broad-market index closing at record levels three times. Investors will get a big April jobs report on Friday. 2. Chevron's price target lifted to $192 from $180 at Barclays, which kept a hold on the stock. The oil company's Q1 report showed "resilient" operations and free cash flow momentum growing into Q2. This is the one that has tracked the war in Iran almost perfectly. 3. Video game retailer GameStop said on Sunday it has made an unsolicited, non-binding offer to acquire eBay for $125 per share in a cash-and-stock deal, valuing the e-commerce platform at roughly $55.5 billion . Could it happen? Anything's possible. It did move eBay shares up nearly 9% premarket. CEO Ryan Cohen told CNBC this morning that he hasn't started any conversation with eBay's management. 4. Is the market a church with a casino attached, as Berkshire Hathaway Chairman Warren Buffett says? Speaking with CNBC's Becky Quick over the weekend at the company's annual meeting, Buffett said that the casino "has gotten very attractive to people . If you're buying one-day options, or selling them, I mean that is — that's not investing, it's not speculating, it's gambling." 5. …
Original source: CNBC Top News
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Jim Cramer · Canaccord · JPMorgan · GameStop · Barclays · World Cup · S & P 500 · Warren Buffett