HAPPY MONDAY TO THE STREET

America’s skies are open…just not for business as usual.

Controller shortages have grounded more than 1,600 flights, turning airports into parking lots and travelers into part-time meteorologists. The shutdown has left aviation workers unpaid, airlines scrambling, and the president offering cash bonuses with one hand and pay cuts with the other.

  • 🟩 | US stocks rose as Senate progress toward ending the shutdown revived risk appetite, pushing indexes higher.

  • 📈 | One Notable Gainer: Rumble $RUM ( ▲ 11.38% ) jumped after landing a $100M ad deal with Tether and agreeing to buy Northern Data for $767M.

  • 📉 | One Notable Decliner: Metsera $MTSR ( ▼ 14.8% ) fell after Pfizer won a bidding war to acquire the obesity drug developer, outbidding rival Novo Nordisk.

Plus, the small-cap stock our analyst flagged for Street Sheet Research subscribers on November 1st in our report, “Trading The Tides”, just jumped over 9% after releasing earnings today. Join Street Sheet Research today to unlock the stock and have it delivered directly to your inbox.

— Brooks & Cas

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MARKET SNAPSHOT

All Stock Heatmap. Credit: Finviz

Market Movers

PENN, MP MATERIALS, SIX FLAGS

Penn Entertainment $PENN ( ▲ 7.29% ) climbed after CEO Jay Snowden disclosed a purchase of more than 34,000 shares.

MP Materials $MP ( ▲ 9.52% ) gained after Deutsche Bank upgraded it to Buy for rare earth exposure.

Six Flags $FUN ( ▼ 9.32% ) fell after Morgan Stanley downgraded the stock on concerns over pricing power and consumer demand.

Diageo $DEO ( ▲ 4.68% ) rose after naming former Tesco CEO Dave Lewis as its next chief executive.

TreeHouse Foods $THS ( ▲ 22.68% ) surged after agreeing to be acquired by Investindustrial for $22.50 per share.

To monitor hot stocks in real time, check out The Street Feed.

UPGRADES & DOWNGRADES

📈 Upgrades

📉 Downgrades

This is just a fraction of the calls we feature all day on The Street Feed. Street Sheet Research Subscribers can see why the analysts upgraded or downgraded the stocks above and updated price targets. Get immediate access today.

Tomorrow's Trade Idea, Today

A Weight-Loss Windfall

A Landmark Win for Lilly

Eli Lilly $LLY ( ▲ 4.57% ) just secured one of the most consequential policy wins in healthcare. The drugmaker reached a deal with the US government that will allow Medicare to cover GLP-1 obesity treatments for certain patients beginning next year.

Leerink Partners said the move could reshape the obesity drug market, upgrading the stock to Outperform from Market Perform and lifting its price target to $1,104, nearly 14% upside from current levels.

Leerink’s David Risinger said the Medicare coverage expands Eli Lilly’s potential US obesity treatment base by roughly 40 million patients, more than four times today’s total market. While prices could moderate under the agreement, the analyst expects Lilly’s scale, brand recognition, and diversified obesity pipeline to more than offset lower margins.

A Multi-Drug Offense

Leerink expects three new drugs — orforglipron, retatrutide, and eloralintide — to further strengthen Lilly’s leadership in metabolic medicine. Each targets a distinct patient group, from those seeking low-cost or non-injectable options to those with severe obesity or GLP-1 intolerance. Together, they could anchor Lilly’s next decade of growth.

The Bigger Picture

Lilly shares have already climbed about 25% this year, but Leerink sees more runway ahead. As Medicare coverage opens the door to broader adoption, Lilly’s position as the dominant player in weight-loss treatments looks even stronger.

With a fast-expanding addressable market and multiple “blockbuster” candidates in the pipeline, the drugmaker’s growth story is far from plateauing, it’s just getting started.

Are you bullish or bearish on Eli Lilly (LLY) over the next 12 months?

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OVERHEARD ON THE STREET

CNBC: More than 100 lawmakers, led by Sen. Bernie Sanders, urged Starbucks $SBUX ( ▼ 1.13% ) to resume union talks with Workers United ahead of Thursday’s strike.

WSJ: Burger King $QSR ( ▲ 2.13% ) will double its presence in China after CPE agreed to invest $350M for an 83% stake to fund expansion and operations.

Reuters: Visa $V ( ▼ 0.35% ) and Mastercard $MA ( ▲ 0.18% ) reached a $38B settlement with merchants over long-running swipe fee lawsuit.

CNN: Trump proposed $2000 “tariff rebate” checks for Americans, funded by tariff revenue rather than taxes, echoing pandemic-era stimulus payments.

Axios: Amazon $AMZN ( ▲ 1.63% ) will stretch Black Friday into a nearly two-week sale featuring millions of deals and new AI-powered shopping tools.

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NOVEMBER’S STOCK JUST JUMPED OVER 9% AFTER EARNINGS TODAY

On November 1st, Street Sheet Research subscribers received our latest report, “Trading the Tides”.

What we told them: Global trade is sailing into a perfect storm: US tariffs, European protectionism, Russia sanctions, and Red Sea instability. It takes time to turn a ship — but operators with flexible fleets may find the wind at their backs.

What You Missed: Our analyst flagged one stock that he thought was worth watching as it relates to the trend above. One small-cap shipping company that could benefit from the dislocation.

This company just reported earnings today, which sent shares higher by over 9%.

You can unlock this stock, the entire report, and every weekly/monthly report we publish moving forward by joining Street Sheet Research.

November’s report will be delivered directly to your inbox as soon as you join.

STREET TWEET

The new midlife crisis: Zillow alerts.

In 2025, the median first-time homebuyer is 40 — the oldest on record. Millennials are aging out of their first purchase, and Gen Z might age out of the market entirely.

FRIDAY’S POLL RESULTS

Are you bullish or bearish on Penn Entertainment $PENN ( ▲ 7.29% ) over the next 12 months?

▇▇▇▇▇▇ 🐻 Bearish

▇▇▇▇▇ 🐂 Bullish

And, in response, you said:

  • 🐂 Bullish — “The future is in prediction markets, not slot machines.”

Reply

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