Jim Cramer's top market watchlist

What happened: Jim Cramer's market watchlist highlighted key events and earnings reports from April 15 to May 1. The S&P 500 reached record highs, driven by a strong comeback rally from late March. The market was overbought, with some consolidation expected. Earnings from companies like Apple and PepsiCo were notable. Cramer added two stocks to the Bullpen watchlist and removed several, with the additions being PepsiCo and PayPal. Iran-related tensions and oil prices also impacted markets.

Market impact: Tech stocks and the broader market rallied, with the S&P 500 closing above 7,200 for the first time. Consumer staples like PepsiCo performed well due to strong earnings. Oil prices fluctuated, impacting energy stocks. The market was overbought, which could lead to some consolidation or pullback.

What to watch next: The Federal Reserve's interest rate decision and Chair Jerome Powell's press conference on April 29. Earnings reports from companies like Microsoft (April 29), Amazon (April 30), and Alphabet (April 30) could drive market movements. Additionally, any developments in Iran-U.S. relations and their impact on oil prices will be crucial to monitor.