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Wall Street’s Record Run Continues as Inflation Data Fuels Rate Cut Hopes
Stock Market News· 2025-09-11 21:07
Market Performance - U.S. equities experienced a robust rally on September 11, 2025, with all three major indices closing at record highs, driven by optimism over a potential Federal Reserve interest rate cut [1][2] - The S&P 500 rose 0.9% to approximately 6586 points, marking a 17.69% increase year-over-year [2] - The Dow Jones Industrial Average surged 1.3%, closing above 46,000 for the first time, adding over 500 points [2] - The Nasdaq Composite climbed 0.7%, achieving a new record high, influenced by mixed performances among technology stocks [2] Economic Indicators - The Consumer Price Index (CPI) report for August indicated a headline annual inflation of 2.9% and core inflation steady at 3.1%, with a monthly rise of 0.4% in headline CPI [3] - Initial jobless claims reached a near four-year high, signaling a softening labor market, which reinforced expectations for a Federal Reserve rate cut [3] - Treasury yields eased in response to the economic reports, as traders anticipated the Fed's first rate cut of the year [3] Upcoming Events - The Federal Reserve's meeting on September 17, 2025, is highly anticipated, with expectations for the first interest rate cut of the year [4] - Key economic data releases are scheduled, including the Michigan Consumer Sentiment report and Retail Sales, Industrial Production, and Housing Starts [5] Corporate News - Oracle (ORCL) shares fell 3.6% after a previous surge of nearly 36% due to excitement over AI-related contracts [6] - Tesla (TSLA) gained 6%, while Apple (AAPL) rose over 1%, and Microsoft (MSFT) and Alphabet (GOOGL) saw slight increases [7] - Warner Bros. Discovery (WBD) shares soared 29% following news of a potential takeover bid from Paramount Skydance [8] - Synopsys Inc. (SNPS) plummeted 35.8% after missing earnings estimates, while GameStop Corp. (GME) rose 3.3% after beating expectations [10] Earnings Announcements - Adobe Inc. (ADBE) is expected to report earnings with a forecasted EPS of $4.21, a 10.50% increase year-over-year [11] - Other companies reporting include RH and RF Industries, with RF Industries expected to show a significant 200% increase in EPS year-over-year [11]
Retail Investors Took Over Opendoor! How High Can The Stock Go?
Hello everyone. We've got a lot to discuss today. Retail investors just pulled off a crazy activism campaign.Inflation came in right with expectations. And I'm going to share some thoughts with you on Charlie Kirk and September 11. We're live today from the desk of Anthony Pompiano.[Music] Before we get into it today, remember my goal is to get to 1 million subscribers, but I need your help to get there. We're at 22,046. That's not enough.Hit that subscribe button and let's get into it today. All right, lad ...
Opendoor stock soars more than 75% as Shopify COO hired to lead company
Yahoo Finance· 2025-09-11 20:04
Core Insights - Opendoor's stock surged over 75% following the announcement of Kaz Nejatian, former COO of Shopify, as the new CEO, marking the stock's rise above $10 for the first time since early 2022 [1][4] Leadership Changes - Kaz Nejatian has been appointed as CEO, replacing Carrie Wheeler, who stepped down amid investor pressure [1][2] - Co-founder Keith Rabois has been named chairman of the board, and Eric Wu has been reappointed to the board after leaving in 2022 [2] Market Performance - The stock price of Opendoor has increased by more than 840% over the past six months, recovering from a low of below $1 in April [4] - The company reported its first quarter of positive adjusted EBITDA in Q2, indicating a potential turnaround [4] Strategic Vision - Nejatian aims to leverage AI-powered technology and new strategies, such as partnerships with traditional brokers, to enhance market share and profitability [5] - He expressed a vision of building a platform for homeownership that unlocks opportunities for families [6]
Opendoor Stock Taps 3-Year High as Options Traders Pile On
Schaeffers Investment Research· 2025-09-11 19:09
Shares of Opendoor Technologies Inc (NASDAQ:OPEN) are surging 61.7% to trade at $9.48, after the company named Shopify (SHOP) executive Kaz Nejatian as its new CEO and co-founder Keith Rabois as chairman. This comes after former CEO Carrie Wheeler resigned last month amid investor pressure. The real estate e-commerce stock is now attracting renewed meme stock attention, especially in the options pits.Today, activity is running at triple the intraday average, with 2.16 million calls and 1.17 million puts tra ...
X @Anthony Pompliano 🌪
Anthony Pompliano 🌪· 2025-09-11 19:00
Let me explain something to all the $OPEN naysayers.The company just hired a guy making a gazillion dollars at Shopify.They are paying him $1 per year unless he can make Opendoor stock appreciate a significant amount.For example, if he gets the stock to $82/share, he ends up with something like $6 billion personally.What do you think is going to happen?You willing to bet this guy can't figure out how to create value for shareholders and himself? ...
New OPEN Leadership Reignites Meme Stock Rally
Youtube· 2025-09-11 19:00
Core Viewpoint - Open Door has experienced a significant price increase of over 60% in a single session, attributed to a shift in its business model and market dynamics [1][6]. Company Overview - Open Door was traditionally an iBuyer of homes, utilizing debt and equity to purchase and resell properties [3][4]. - The company is transitioning from an asset-heavy iBuyer model to a more asset-light, agent-driven model, similar to Redfin [5][6]. - The hiring of a new CEO and the return of co-founders to the board have contributed to renewed investor interest [7][10]. Market Dynamics - Open Door's stock has gained approximately 500% year-to-date, reflecting its meme stock status and high short interest, which has led to a short squeeze [6][9]. - The company is exploring opportunities in the rental market, potentially competing with platforms like Airbnb and VBO [8][10]. Financial Performance - Sales are expected to decline next year as the company pivots away from its core iBuying strategy [9][10]. - Open Door's market capitalization was around $4.3 billion as of the previous day, with losses of approximately $300 million last year [11]. - The company currently holds $800 million in cash, reducing its need for debt as it shifts its business model [11][15]. Future Considerations - The transition away from a high-inventory model may improve the company's financial health over time [15][16]. - There is speculation about potential equity issuance, although the company is currently well-capitalized [17].
Wall Street Rallies to New Records Amid Rate Cut Hopes and AI Enthusiasm
Stock Market News· 2025-09-11 18:07
Market Overview - The U.S. stock market reached record highs on September 11, 2025, driven by favorable inflation data and expectations of a Federal Reserve interest rate cut [1][3] - Major indexes, including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, continued their upward trend, with the Dow surpassing 46,000 for the first time [2][10] Economic Indicators - The August Consumer Price Index (CPI) showed a year-over-year inflation rate of 2.9%, while core CPI remained steady at 3.1% [6] - Weekly jobless claims rose to 263,000, the highest in over two years, indicating a cooling labor market [6] Sector Performance - The technology and consumer discretionary sectors were significant contributors to market gains, with notable strength in artificial intelligence [4][5] - The energy sector demonstrated resilience, maintaining a strong allocation in leading ETFs [4] Corporate Highlights - Oracle (ORCL) experienced a profit-taking decline of approximately 3.6% after a significant surge of nearly 36% due to strong earnings and AI-related contracts [13] - Micron Technology (MU) surged approximately 8-9% following an increase in price target by Citi analysts, driven by demand for DRAM chips [13] - Tesla (TSLA) shares rose nearly 4%, while other major tech stocks like Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL) saw marginal increases [13] Upcoming Events - Investors are closely watching the Federal Reserve's policy meeting next week, where a 25-basis point interest rate cut is widely anticipated [6] - Micron Technology's fiscal 2025 fourth-quarter earnings report is due on September 23, with strong guidance expected [8]
Opendoor Surges More Than 60% After Naming a New CEO. Should You Buy OPEN Stock Here?
Yahoo Finance· 2025-09-11 17:31
Opendoor (OPEN) shares soared over 70% on Thursday after the online real estate platform named Kaz Nejatian as its new chief executive. Nejatian has previously served at Spotify (SPOT) as COO. In a press release this morning, the Nasdaq-listed firm also confirmed that co-founder Keith Rabois will return as its chairman while Eric Wu will rejoin the board as well. More News from Barchart Including today’s explosive rally, OPEN stock is trading up more than 1,700% from its year-to-date low. www.barchart. ...
Opendoor's New CEO Could Spark 'Bigger Pivot'—Analyst Sees Bottom-Line Boost
Benzinga· 2025-09-11 17:26
Opendoor Technologies OPEN stock price soared after the company named a new CEO on Wednesday. The Opendoor Analyst: JPMorgan analyst Dae Lee says the new CEO’s expertise could help accelerate bottom-line improvements and AI tools.He maintains an Overweight rating on Opendoor Technologies with no price target.Read Also: Opendoor Stock Rallies On New CEO, Founders Rabois And Wu Return To Board To ‘Inject Founder DNA’The Analyst Takeaways: Lee is bullish after Opendoor tapped Shopify Chief Operating Officer Ka ...
Opendoor stock surges after company brings back founders, names new CEO (OPEN:NASDAQ)
Seeking Alpha· 2025-09-11 16:39
Core Insights - Opendoor Technologies (NASDAQ:OPEN) shares experienced a significant increase of 62% during Thursday afternoon trading, indicating strong market interest and investor confidence [3] - The surge in stock price followed the company's decision to bring its co-founders back onto the board and appoint a new chief executive, suggesting a strategic shift in leadership [3] - This price movement contributes to the ongoing rally of the stock, which has been characterized as a "meme stock," reflecting its popularity among retail investors [3]