- River1 Morning Note
- Posts
- Market Snapshot
Market Snapshot
River1 Asset Management
November 10, 2025
Morning Note
presented by - |  |
Invest with us here: https://www.river1.us/invest.php
Trading Observations
Futures up sharply on hope our elected officials will finally play nice in the sandbox with each other.
Consumer may be stretched but they expect to spend at Christmas https://tinyurl.com/37hde9zy [tinyurl.com]
SPX performance after re-open https://tinyurl.com/yvtxd8d7 [tinyurl.com]
The amount of bond deals is amazing https://tinyurl.com/nhhvkawy [tinyurl.com]
Futures
DOW +181
S&P +63
Nasdaq +375
Financials / Consumer / Healthcare
MA/V: According to the WSJ, V and MA are nearing a settlement with merchants over a 20yr old legal dispute; we view as good for MA/V, as we could be nearing the end of this uncertainty; lower interchange could be good for GPN/PAY/TOST/XYZ. https://tinyurl.com/yvdrvyt5 [tinyurl.com]
HOOD wants to allow amateur traders to invest in AI Startups https://www.ft.com/content/72783021-f778-4d6d-80b3-f91d8c7ae364 [ft.com]
Hinting at 50 year mortgages???…I wish this was a joke. Monthly payment lower but at what cost? https://thehill.com/homenews/administration/5597005-trump-administration-50-year-mortgage/ [thehill.com]
30 year mortgage on $400,000 at 6% = $2,398/month, total paid $863,352, total interest $463,352
50-year mortgage on $400,000 at 6% = $2,087/month, total paid $1,252,272, total interest $852,272
PFE won bidding war for MTSR with $10B+ deal. After losing out to PFE, NVO will reportedly continue to explore opportunities in obesity, diabetes.
MTSR – Down 15% on PFE winning, NVO bowing out.
Risk On Crypto – BMNR up 8%. Crypto names up 3-5% in general.
COGT – Today’s Pharma winner is up 117% on solid cancer test results.
OSCR, UNH, HUM – All lower as the government restart doesn’t look to have an ACA/Healthcare decision attached.
LLY – MS bullish this morning on GLP-1 Pricing/access agreements, $1090 PT. Upgraded at Leerink Partners on obesity adoption.
ONON Bullish Fresh Pick at Baird - Risk/reward tilts more positively. We believe sentiment for ONON is embedding fears of a growth slowdown, resulting in more attractive upside potential (see $15+ applying 2022-2024 low-valuation) vs. further downside (difficult to see >$5 downside absent extremely bearish scenario).
CELH rise 5.6% after the energy-drink maker announced a stock buyback authorization for up to $300 million.
Technology
CART - Instacart shares are up 7.5% in premarket trading after the online grocery company reported third-quarter results that beat expectations.
DOCN shares rise 7.5% after it was started with an outperform rating and $60 price target at Oppenheimer, a move that comes in the wake of the software company’s results.
META said it would invest “over $600B” in the US by 2028 “to support AI technology, infrastructure, and workforce expansion”
MNDY - Shares are sinking 19% in premarket trading, after the software company’s results added to concerns about its growth prospects.
NVDA - Jensen Huang said on Saturday that he has asked for additional chip supplies from TSM as the demand for artificial intelligence remains strong
TSM [streetaccount.com] reported a 16.9% increase in October sales, a bit better than the expected quarterly pace, but still slowest since February 2024.
Industrials
US airline shares (UAL +2.1%, DAL +1.9%) gain as lawmakers move closer to a deal to end a government shutdown that has snarled air travel. Risk-on sentiment is sweeping sectors like cryptocurrencies and semiconductors.
On Friday, UPS & FDX announced they would ground their McDonnell Douglas MD-11 fleets after the crash Tues in Kentucky that killed 14 people https://www.politico.com/news/2025/11/08/usps-fedex-ground-planes-00643641 [politico.com] Autonomous driving – Chinese firms are dominating the autonomous driving market outside the US – WSJ
KTOS, Shield AI, Anduril etc - Defense contractors warned by Hegseth to accelerate weapons development and production – FT
AVAV, Shield AI etc - Drones – the US Army could purchase at least 2M drones in the next two years and ~500K annually in the years thereafter – Reuters
RUN are up 6.7% in premarket trading after Guggenheim upgraded the solar energy company to buy from neutral.
TSLA’s Siddhant Swasthi, the head of the Cybertruck program, is leaving the company – Reuters à likely because that thing is HIDEOUS looking