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Democrats Sweep, Trump Weeps

Trump took a swipe at Mamdani after Democrats swept key races.

Author

Ankit Sinha
November 06, 2025

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🎯 In this issue:

  • Banana Bits: Finance headlines that actually matter

  • Market Summary: Investors cheer as the Supreme Court questions tariffs

  • What’s Ripe / Rotten: The tastiest and most disgusting stocks 

  • Technical Trip: Interview Question with Moelis

  • Deal Dispatch: M&A, IPOs, and other transactions 

  • The Daily Poll: See how you stack up

Market Snapshot

📉 Banana Bits

Market Recap

Happy Investors and A Sad Trump

Investors piled back into U.S. stocks after the Supreme Court seemed to express doubts about the arguments underpinning President Trump’s Sweeping Tariffs. 

The Dow Jones Industrial Average rose 226 points or 0.5%, the S&P 500 rose 0.4% and the Nasdaq Composite rose 0.7%. On the other hand, Treasury yields soar as investors sell them. 

The yield on the 2-year Treasury note rose to 3.63%, while the 10-year yield was up to 4.16%, the highest since Oct. 6. 

Asian equities also advanced in Wednesday trading, rebounding from their steepest two-day decline since April as dip buyers returned after a brief pullback in technology shares, driven by concerns about lofty valuations. MSCI’s regional gauge rose 1.1%, with Hong Kong and Japan among the biggest gainers. 

What's Ripe

Rivian Automotive, Inc. (RIVN) 23.4% 

  • RIVN shares rose after reporting a smaller-than-expected loss, with revenue of $1.56B nearly doubling from a year ago and topping estimates by about $50M, driven by a 324% jump in software and services and a 47% rise in automotive revenue.

  • The company reaffirmed its FY25 outlook for 41,500–43,500 vehicle deliveries (vs. 42,544 consensus) and an adjusted EBITDA loss of $2B–$2.25B, with the midpoint slightly better than expectations.

Digital Turbine Inc. (APPS) 23.1%

  • APPS jumped 23% after the company beat expectations on both profit and revenue and raised its full-year outlook.

  • The company now sees FY2026 revenue of $540M–$550M and adjusted EBITDA of $100M–$105M, representing midpoint increases of $12.5M in revenue and $9M in EBITDA from prior guidance.

What's Rotten

Pinterest, Inc. (PINS) 21.8%

  • PINS shares plunged as disappointing Q3 results, coupled with below-consensus Q4 guidance, overshadowed a 17% revenue increase and growth in active users.

  • For Q4, the company expects revenue of $1.31B–$1.34B, with the midpoint of $1.325 coming in just below the $1.34B consensus. 

Arista Networks Inc (ANET) 8.6%

  • ANET Shares dipped despite reporting Q3 results that beat expectations, with revenue rising 27% Y/Y. 

  • For Q4, the company guided revenue to $2.3B–$2.4B (midpoint $2.35B vs. $2.33B consensus).

🧠 Technical Trip

Interview Q&A from Moelis

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📚 Lesson from the Library

🎥 Venture Capital: Betting on the Next Big Thing

From seed to unicorn — learn how VCs spot winners and turn ideas into empires.

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🦈 Deal Deep Dive

M&A, IPOs, And Other Notable Transactions

📊The Daily Poll

Do you approve of Zohran Mamdani’s win as New York City mayor?

Login or Subscribe to participate in polls.

Previous Poll:

Crude fell on dollar strength and oversupply — your take?

Classic pullback: 24.4% // Time to buy: 22.3% // Global slowdown sign: 33.3% // Won’t last long: 20.0%

Student Success Corner

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Banana Brain Teaser

Previous

At least 2/3 of the 40 members of a committee must vote in favor of a resolution for it to pass. What is the greatest number of members who could vote against the resolution and still have it pass?

Answer: 13

Today

A gym class can be divided into 8 teams with an equal number of players on each team or into 12 teams with an equal number of players on each team. What is the lowest possible number of students in the class?

❝

The whole secret to winning big is to lose the least when you’re wrong.

William J. O’Neil

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Happy Investing,
Chris, Vyom, Ankit, Mitchell, Fernanda, & Patrick