Copyright The Street
Reports indicating that the government would finally reopen after 40 days sent stocks soaring, following a dismal performance on Friday. The S&P 500 rose 1.6%, buoyed by strong performances from Palantir and Micron, as well as general market optimism. The tech-heavy Nasdaq Composite was up more than 500 points on Monday, up 2.3%, covering up losses from last week. The Dow Jones Industrial Average also noted a more than 300-point bump, up 0.8%. The small-cap Russell 2000 also benefited from market enthusiasm, up 1.2%. As people await their SNAP benefits to roll in, with the market abuzz about the government shutdown being over, prediction markets are still active, decreasing their bets from 48 days to 44 days and then to 42 days- that is the number of days they believe the shutdown will continue. With shutdown news in progress, commuters are expecting relief from the airline delays and cuts to flight schedules; however, it will not come as soon as one hopes, at least not without safety data in sight. However, as the government opens, it will pave the way for many new official reports. President Donald Trump has ordered Air Traffic Controllers to return to work promptly, even expressing his disappointment with those who failed to report to duty during the shutdown and announcing massive bonuses for those who did. Discussing money, tariffs are undergoing a shift, not in their usual form, but in the conversations surrounding them, with President Trump’s most recent announcement to use the revenue from these tariffs to pay off the $38 trillion federal debt and distribute it to Americans. This comes in light of the ongoing case to prove the legitimacy of the tariffs levied by President Trump on multiple countries. “People that are against Tariffs are FOOLS!” noted President Trump in his Truth Social post. The impact on the market is clear, with high gains on Monday, following the dismal stock performance of the last few days, which triggered conversations about AI bubbles, market saturation, and stock overvaluation. Gold is back up high, up 2.7% on Monday, along with Silver, which recorded a 4.7% gain. Oil and Natural gas were also positive, up 0.6% and 1.7% respectively. The Ministry of Commerce of China also announced the suspension of some export controls on critical minerals used in military and semiconductor applications. This comes as part of the trade negotiations between President Trump and Chinese Leader Xi Jinping. Tech stocks soared today, recovering their losses from the past week, with Nvidia up 5.8% and Alphabet up 4% intraday on Monday. Some notable stock performances came from Palantir, Micron, and Opendoor Technologies. Here are the most active stocks today Five S&P 500 stocks making big moves today are: Palantir Technologies: +8.8% Western Digital Corp: +6.9% Albemarle Corp: +6.6% Micron Technology: +6.5% Newmont Corporation: +5.8% The worst-performing five S&P 500 stocks today are: Centene Corp: -8.8% Molina Healthcare: -7.3% Humana Inc: -5.4% Ball Corp: -5.2% Elevance Health: -4.4% Stocks also worth noting include: Rigetti Computing: -2.2% SoFi Technologies: +8.3% Alphabet: +4% AMD: +4.5% Tesla: +3.7%. Opendoor CEO redefines company Opendoor Technologies’ (OPEN) stock surged 21% on Monday, extending its nearly 400% year-to-date rally as investors took in new CEO Kaz Nejatian’s measures to lead the company on a path to profitability optimistically. More Wall Street: Veteran fund manager sees quiet fuel for next AI rally The 60/40 portfolio is back for a surprising reason Top analyst calls ‘kick in the pants’ for S&P 500 On November 6, the e-commerce platform for residential real estate released its Q3 2025 results, reporting revenue of $915 million, which topped estimates. CEO Nejatian said that they are “refounding Opendoor as a software and AI company.” In his first month, Nejatian has taken several steps to ensure productivity and reflect technological elevation. He also pledged to break even in adjusted net income by the end of 2026, signaling confidence in cost discipline and margin recovery as he urges workers to return to the office and reduce reliance on consultants, while working on launching several AI-powered products to “demonstrate renewed velocity.” Opendoor’s stock has seen a tremendous 300% gain this quarter, but analysts are cautious. BTIG analyst Jack Fuller views management’s decision to acquire more homes at faster rates and better margins as a strategic move. While this may have “struck a chord” with investors, Fuller believes that the strategy will only work if they can find the right homes at the right time, considering the current housing market, as reported by TheFly. BTIG keeps a Neutral rating on the stock. Additionally, Q3 earnings were a miss, with Opendoor reporting a $90 million net loss for the quarter. However, CEO Nejatian announced new strategies during the earnings presentation, promising that “Opendoor will change the homeownership experience in the same way Amazon changed the shopping experience, both directly and through its third-party marketplace.” Moreover, Opendoor also announced dividend warrants for its shareholders, comprising a series of warrants: Series K, Series A, and Series Z, with exercise prices of $9, $13, and $17, respectively. Nejatian hopes that with this move, shareholders will “stay along for this ride,” and share in the success he sees for Opendoor in the future. Also, jokingly adding, “It gives me just a bit of joy that will totally ruin the night of a few short sellers,” as the move gives shareholders leverage to hold the stock instead of betting against it. Micron leads with rising AI demand The stock of Micron (MU), a memory and storage solutions provider, rose 6.5% intraday, recoding a 52-week high, marking a 200% year-to-date rally. The rally is driven by increasing demand for AI storage solutions, and Mizuho Securities analyst Vijay Rakesh maintained an Outperform rating and $265 price target after meeting with company executives, including Micron CFO Mark Murphy. Rakesh sees strong demand for its high-bandwidth memory (HBM) through 2026-27, also noting that approximately 40% of Micron’s DRAM business is expected to see improvement in margins and revenue by February, driven by robust pricing. The stock rise also comes as China suspended export restrictions on critical semiconductor minerals gallium and germanium, which eases supply concerns for US chipmakers, including Micron, AMD, and Nvidia. All three stocks rose significantly today, driven by renewed market expectations for AI amid the government’s reopening and easing of Chinese export restrictions. Michael Burry and Karp make news – Again In the past week, the debate and callout between investor Michael Burry and Palantir CEO Alex Karp sparked several discussions on short selling and the valuation of AI. After Burry’s Scion Asset Management’s SEC 13F form revealed put options worth $912 million on Palantir, the stock of the defense tech firm slumped by more than 10%. However, Burry has been cryptically revealing that his 13F did not provide the entire picture and was misinterpreted. In a more recent post on X, Burry retaliated to Karp’s rant, Essentially implying that he was misinterpreted, and people jumped to conclusions with incomplete data. The end of the record US government shutdown is also fueling optimism for Palantir, as this could refuel federal spending and reignite Palantir’s existing ties to defense and intelligence.
