Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Monday, November 10th, and I'm your host, Kim Kahn.

Our top story so far, Adobe says U.S. online spending rose 8.2% year-over-year in October to $88.7 billion.

Adobe also noted that shoppers are echoing the AI enthusiasm of investors. Generative

AI-driven traffic is rising sharply and converting better. In October, visits from AI referral

sources surged 1,200% year-over-year. Those shoppers were 16% more likely to make a purchase, and

showed 31% lower bounce rates, exploring more content, and spending more time on retail sites.

In short, AI visitors aren't just browsing, they're buying. Mobile purchases made up 51.4%

of that total, climbing 11.6% from a year ago, while Buy Now Pay Later transactions hit $7.1 billion,

up 7.6% as consumers look for more flexible ways to manage budgets. Spending spiked during the

Amazon Prime Day event on October 7th and 8th, with discounts stretching across major U.S.

Shoppers spent $9.1 billion over the two days, helped by markdowns

that peaked at 18% off listed prices. Holiday Decor led the way with online sales, jumping

130%, followed by home improvement categories, hand tools up 83% and power tools 62%, signaling

a DIY rebound that could benefit Home Depot and lows.

Appliance demand was strong with refrigerators and freezers, up 55%, a boost for Whirlpool and Best Buy.

Other fast-growing categories include e-readers, headphones and speakers, phone accessories, and video games.

Among active stocks, health insurers with big Obamacare marketplace businesses are among the biggest losers.

President Donald Trump said federal funding should be sent directly to people, bypassing big, bad, and money-sucking insurance companies.

Centine, Oscar Health, Elevance Health, and Molina Health care are slumping.

Major managed care organizations like United Health, Humana, and CVS Health are also in

the red. Eli Lilly is up after leering partners upgraded shares to outperform for market perform,

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