Today's recommendations: Wall Street is on the rise, and Twitter is experiencing growth due to Elon Musk's involvement.

BY THE NUMBERS

On Monday, U.S. stock futures rose modestly, with the tech-heavy Nasdaq looking the strongest. Twitter (TWTR) soared 25% in the premarket after Elon Musk revealed a big stake in the social media company. The second quarter got off to a positive start on Friday, which was also the first day of April. Historically, April has been the best month of the year for stocks, with the S&P 500 gaining an average 1.7%. However, the first quarter, which ended Thursday, was the worst first three months in two years.

On Monday, key bond yield spreads remained inverted, a market distortion that has occurred before past economic recessions. Despite a rise in bond yields on Friday, the real strength was among shorter-term Treasurys as traders worried about the possibility of the Federal Reserve becoming more aggressive with its interest rate-hiking cycle due to weaker-than-expected but still robust March jobs growth. (Source: CNBC)

On Monday, crude oil prices jumped 3%, surpassing $100 per barrel, as supply concerns continued due to disruptions from Russia's Ukraine war. Last week, crude oil prices fell about 13% after the U.S. announced it would release 1 million barrels per day of oil from its Strategic Petroleum Reserve for six months starting in May to combat high energy costs. (Reuters)

IN THE NEW TODAY

The CEO of Tesla and SpaceX, Elon Musk, has become the largest outside shareholder of Twitter, just weeks after criticizing the social network for its handling of free speech. According to a regulatory filing, Musk owns nearly 73.5 million shares of Twitter, which represents a 9.2% passive stake worth $3.6 billion based on Twitter's premarket surge to more than $49 per share. Meanwhile, Tesla reported first-quarter electric vehicle deliveries of 310,048 over the weekend, slightly below estimates but 67% more than a year ago. Model 3 and Model Y vehicles made up 95% of Q1 deliveries, with deliveries being the closest approximation to sales numbers reported by Tesla. (CNBC)

Starbucks' New York City Reserve Roastery is the 9th cafe to unionize.

Jamie Dimon, CEO and chairman of the largest U.S. bank by assets, stated in his annual letter that three factors are likely to shape the world in the coming years: a U.S. economy recovering from the pandemic, high inflation leading to rising interest rates, and Russia's invasion of Ukraine and the resulting humanitarian crisis. Dimon also believes that the U.S. is currently experiencing a boom that could continue into 2023. (Source: CNBC)

Russian forces have been accused of committing genocide by Ukrainian President Volodymyr Zelenskyy. This accusation came after the reported devastation in Bucha, a town 23 miles northwest of Kyiv, which was liberated by Ukrainian forces. In a video shown during Sunday night’s Grammy Awards, Zelenskyy urged artists to support Ukraine. Meanwhile, Hungary’s pro-Putin leader Orban criticized Zelenskyy in his reelection speech. The U.S. and its European allies are preparing to impose more sanctions on Russia following mounting evidence of war crimes committed by its forces in Ukraine. Secretary of State Antony Blinken said Sunday that the U.S. and its allies are examining new financial penalties for Russia “every single day.” Additionally, Russia’s economy is beginning to crack as economists forecast sharp contractions.

The Democrats are set to vote and make Senate moves on Monday to confirm Ketanji Brown Jackson as the first Black woman on the Supreme Court by the week's end. Jackson is President Joe Biden's choice to replace retiring liberal Justice Stephen Breyer. (AP)

On Monday, Senate Republicans presented a plan to speed up the growth of new businesses by motivating young companies to go public, safeguarding retail investors, and adjusting regulations for smaller enterprises. (CNBC) Sen. Manchin has expressed opposition to the SEC's climate rule, stating that it specifically targets fossil fuel companies. (CNBC)

STOCKS TO WATCH

The U.S.-listed China stocks, including (JD), (NTES), (BABA), and (TME), are experiencing a surge in premarket trading after China proposed revising confidentiality rules regarding audit oversight. This move could pave the way for U.S.-China cooperation and prevent those companies from being delisted in the U.S.

Polestar and rental car company HTZ announced a partnership to provide 65,000 electric vehicles over the next five years. HTZ's stock price increased by 2.3% in the premarket.

Novartis announced a reorganization of its business units, which could save the Swiss drugmaker at least $1 billion annually by 2024. The new structure will integrate the drugmaker's pharmaceuticals and oncology businesses. Novartis rose 1% in premarket trading.

On Monday, Canada will reveal financial backing for two General Motors (GM) facilities in the country, with one plant set to manufacture electric commercial vehicles. The specifics of the investments, including the total amount, remain undisclosed.

Goldman Sachs upgraded its recommendation for Logitech from neutral to buy, citing the company's recent strong financial performance. Logitech's stock price increased by 4.3% in the premarket.

After Loop Capital downgraded CROX to hold from buy and reduced the price target to $80 from $150, the stock fell roughly 2% in premarket trading. Loop stated that investor sentiment on the stock has shifted, placing it in the "COVID winner" category.

WATERCOOLER

At Sunday's Grammy Awards, Olivia Rodrigo made a strong debut, Silk Sonic claimed two major awards, and Jon Batiste won the top prize with five Grammys, including album of the year for "We Are," in a category filled with tough competition.

On Sunday at Augusta National Golf Club, Tiger Woods did not wear the Nike swoosh on his feet. Instead, he was seen wearing black FootJoy Premier Series-Packard golf shoes. (CNBC)