Jim Cramer's top 10 things to watch in the stock market Monday

Microsoft and Wells Fargo are seeing upgrades, which could indicate a shift in analyst sentiment. Microsoft, in particular, has been a strong performer in the tech sector, with its cloud offerings driving growth. An upgrade suggests that analysts expect this trend to continue, which could bode well for the stock. Wells Fargo, on the other hand, has been working to rebuild its reputation after a series of scandals, and an upgrade may signal that investors believe the bank is on the right track.

The M&A activity mentioned is also worth noting, as it could indicate a pickup in deal-making. This can be a positive sign for the market, as it often suggests that companies are feeling confident about their prospects and are willing to make strategic investments. However, it's also worth keeping an eye on the specific deals being announced, as some may be more compelling than others. In general, a surge in M&A activity can be a bullish sign for the market, but it's also important to consider the underlying fundamentals of the companies involved.

Looking ahead, investors will want to keep an eye on the broader market trends, as well as any additional M&A announcements. The earnings season is also worth watching, as companies begin to report their quarterly results. Microsoft and Wells Fargo will be among the companies reporting, and their results could provide further insight into the health of their respective sectors. Additionally, investors will want to monitor any economic data releases, such as GDP growth or inflation numbers, which could impact market sentiment and influence the direction of stocks.

Originally reported by cnbc.com. FundingWire adds analysis for finance & markets readers.