Opendoor Technologies (OPEN -8.97%) climbed 34% in November according to data provided by S&P Global Market Intelligence. It's benefiting from interest rate cuts and enthusiasm about an improved economy with Donald Trump's election as the next president, and its third-quarter results were better than expected.Making it through a crushing housing marketOpendoor's business could completely disrupt traditional residential real estate, but it has some inherent risks. Since it buys and resells homes, it works wi ...

Core Viewpoint - Opendoor Technologies' shares surged by 14.6% following the news of Scott Bessent's nomination as Treasury Secretary, which is perceived positively by investors due to expectations of economic stability and lower interest rates [1][2]. Group 1: Market Reaction - Treasury yields fell by 3.3% to 4.27% in response to Bessent's nomination, indicating investor confidence that he will help control inflation and narrow the budget deficit [3]. - Falling Treasury yields are beneficial for Opendoor, as the company profits from home-flipping, and lower mortgage rates would positively impact its business model [5]. Group 2: Company Performance - Opendoor has faced challenges since going public in 2020, remaining unprofitable and struggling with excess inventory due to a stagnant housing market [6]. - The company has implemented cost-cutting measures and layoffs to manage its inventory, but it will require a significant decline in mortgage rates and a rebound in home sales to achieve profitability [7].

Opendoor (NASDAQ: OPEN ) — the number one e-commerce platform for residential real estate — is by far the worst-performing stock in my portfolio, down more than 50% YTD. My goal is to help you find the companies of tomorrow.I am a long-term growth investor in search of innovative companies that make the world a better place. My investment strategy revolves around finding what I call "divergent stocks" — disruptive companies that have strong fundamentals and long growth runways, but depressing prices.You can ...

Seamless Integration Gives Forwarders Real-Time Bookings and Dynamic Rates, All Within Their TMSBARCELONA, Spain, Nov. 21, 2024 /PRNewswire/ -- Freightos Limited (NASDAQ: CRGO), a leading vendor-neutral booking and payment platform for international freight, today announced the official launch of its integration with e2open (NYSE: ETWO), a top provider of connected supply chain software. This integration, which follows a successful beta phase, embeds WebCargo by Freightos air cargo eBooking into e2open's Tr ...

Heger Goes Solo and Dominates UTV Field in RZR Pro R Factory, Securing Impressive Seventh Overall Amongst All Four-Wheel VehiclesPolaris-Supported Racer Branden Sims Finishes Second in Race-Prepped RZR Pro RMINNEAPOLIS, Nov. 19, 2024 /PRNewswire/ -- Polaris Factory Racing's Brock Heger delivered a historic performance, going solo behind the wheel of his Polaris RZR Pro R Factory and dominating the field this past weekend at the 57th running of the prestigious SCORE Baja 1000. Heger's first Baja 1000 victory ...

Opendoor's third-quarter numbers exceeded expectations, so why isn't the stock moving higher?Opendoor (OPEN -1.87%) reported third-quarter earnings that exceeded its own optimistic expectations, but the stock isn't higher in the weeks ahead. In fact, unlike most of the market, Opendoor is significantly lower than where it started 2024 and is down by 62% from its 52-week high. In this video, two longtime Fool contributors discuss the latest results and why investors might be worried.*Stock prices used were t ...

Opendoor Technologies Inc. (OPEN) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this company would post a loss of $0.11 per share when it actually produced a loss of $0.04, delivering a surprise of 63.64%.Over the last four quarters, the company h ...

MONTREAL, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Dorel Industries, Inc.  (TSX: DII.B, DII.A) CONFERENCE CALL:OPEN TO:Analysts, investors and all interested partiesDATE:Thursday, November 14, 2024TIME: 1:00 PM Eastern TimeCALL:1-844-763-8274   THE PRESS RELEASE WILL BE PUBLISHED BEFORE MARKETS OPEN THE SAME DAY THROUGH GLOBENEWSWIRE. Please dial in 15 minutes before the conference begins. If you are unable to call in at this time, you may access a recording of the meeting by calling 1-855-669-9658 and entering th ...

Although this real estate stock has gotten crushed so far, its low price could be a buying opportunity.Few stocks have imploded as badly in recent years as Opendoor Technologies (OPEN -2.73%).The company went public through a special purpose acquisition company (SPAC) in late 2020 at the height of the pandemic tech stock frenzy.The real estate market was on fire back then, as were real estate stocks, and Opendoor jumped out of the gate. However, as tech stocks went into a bear market in 2022 and the housing ...

The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets.CALGARY, AB, Oct. 22, 2024 /PRNewswire/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build West ...