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X @Joe Consorti ⚡️
Joe Consorti ⚡️· 2025-09-11 19:42
RT Sriram (@sriramHODL)Homes aren’t just stores of wealth anymore.@JoinHorizon_ helps turn home equity into Bitcoin. Now some want to sell the whole house for BTC.What if @opendoor $OPEN made that possible? 🏡₿ https://t.co/SSTyLroCDE ...
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? ...
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]
Nasdaq Jumps Over 150 Points; Kroger Earnings Top Estimates
Benzinga· 2025-09-11 17:42
Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by over 150 points on Thursday. The Dow rose by 1.32% to 46,089.25, the NASDAQ increased by 0.72% to 22,044.49, and the S&P 500 gained 0.80% to 6,584.57 [1] - Consumer discretionary shares saw a notable increase of 1.6% on Thursday [1] Company Earnings - Kroger Company reported second-quarter adjusted earnings per share of $1.04, surpassing the analyst consensus estimate of 99 cents. Quarterly sales reached $33.94 billion, slightly below the consensus of $34.102 billion [3] - Kroger raised its FY25 adjusted EPS outlook to a range of $4.70–$4.80, up from the previous range of $4.60–$4.80, compared to the analyst consensus of $4.77. Adjusted identical sales without fuel are expected to rise between 2.7% and 3.4%, an increase from the prior view of 2.25% to 3.25% [4] Stock Movements - MOGU Inc. shares surged by 110% to $5.24 after the company approved a strategic allocation of up to $20 million to digital currencies [10] - Opendoor Technologies Inc. saw its shares increase by 56% to $9.17 following the appointment of a new CEO and the return of co-founders to the board [10] - Vince Holding Corp. shares rose by 92% to $3.1908 after reporting better-than-expected quarterly financial results [10] - Robin Energy Ltd. shares dropped by 41% to $1.3501 after announcing a public offering of shares [10] - Avidity Biosciences, Inc. shares fell by 19% to $37.42 following a $500 million common stock offering [10] - The Lovesac Company shares decreased by 14% to $17.89 after cutting FY2026 GAAP EPS guidance and narrowing its sales outlook [10] Commodity Market - In commodity news, oil prices fell by 1.8% to $62.54, while gold decreased by 0.4% to $3,668.70. Silver prices increased by 0.6% to $41.840, and copper rose by 0.4% to $4.6370 [7]
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. ...
X @Bloomberg
Bloomberg· 2025-09-11 16:10
Opendoor shares surged by as much as 69% Thursday after announcing the return of its co-founders to the board and a new CEO https://t.co/EpmzfExLTp ...
Top Stock Movers Now: Centene, Micron Technology, Oracle, and More
Yahoo Finance· 2025-09-11 15:36
Company Highlights - Centene (CNC) shares increased after the company reaffirmed its guidance, which was above analysts' estimates [2][4] - Micron Technology (MU) saw its shares rise following Citi's price target increase from $150 to $175, driven by rising demand for DRAM chips and AI products [2] - Opendoor Technologies (OPEN) shares surged after announcing a new CEO, reinstating co-founders on the board, and securing a $40 million investment [2] - Oxford Industries (OXM) shares advanced as the parent company of Tommy Bahama, Lilly Pulitzer, and Johnny Was exceeded earnings estimates and expressed optimism about current-quarter sales despite new U.S. tariffs [3] - Netflix (NFLX) shares declined following the resignation of Chief Product Officer Eunice Kim, who played a key role in combating password sharing [4] - Oracle (ORCL) shares experienced a sell-off after a significant 36% increase the previous day, making it the worst-performing stock in the S&P 500 [3][4] Market Overview - U.S. equities showed gains at midday, with the S&P 500 and Nasdaq reaching record highs, supported by positive inflation and unemployment reports that bolstered confidence in a potential Federal Reserve interest rate cut [1][4] - The Dow Jones Industrial Average rose by more than 1% [1]
Stock Market Today: Stocks notch fresh records despite hotter than expected inflation print
Yahoo Finance· 2025-09-11 15:34
This live blog is refreshed periodically throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here. Happy Thursday. This is TheStreet's Stock Market Today for Sept. 11, 2025. You can follow the latest updates on the market here with our daily live blog. Update: 10:36 a.m. ET Equities Rally: Indexes Setting All-Time Highs The Dow (+1.27%), S&P 500 (+0.71%), and Nasdaq Composite (+0.56%) just notched fresh intraday highs, continuing to add to gain ...
Why Opendoor Technologies Stock Was Skyrocketing Today
Yahoo Finance· 2025-09-11 15:31
Core Viewpoint - Opendoor Technologies has seen a significant increase in its stock price following a management overhaul, including the appointment of a new CEO and the return of co-founders to the board, which has boosted investor confidence [1][3][4]. Management Changes - Kaz Nejatian, previously the COO of Shopify, has been appointed as the new CEO of Opendoor, bringing experience in e-commerce and AI strategy [3][6]. - Co-founders Keith Rabois and Eric Wu have returned to the board, aiming to inject "founder DNA" into the company during a critical time [3][4]. Stock Performance - The stock price of Opendoor has surged over 1,000% in recent months, attributed to a combination of meme stock rallies and speculation about potential interest rate cuts [1][4]. - As of 10:43 a.m. ET, the stock was up 58% following the management announcement [1]. Future Expectations - Investors are anticipating further stock volatility, particularly with the upcoming Federal Reserve interest rate decision, where a 50-basis point cut could lead to another surge in stock price [5].
Opendoor stock soars more than 55% as Shopify COO hired to lead company
Yahoo Finance· 2025-09-11 14:19
Core Viewpoint - Opendoor's stock surged over 55% following the announcement of Kaz Nejatian, former COO of Shopify, as the new CEO, replacing Carrie Wheeler [1][3] Leadership Changes - Kaz Nejatian has been appointed as CEO, with co-founder Keith Rabois becoming chairman of the board and Eric Wu rejoining the board after a previous departure in 2022 [2] - Board members Pueo Keffer and Glenn Solomon have stepped down [2] Market Context - The company faced significant challenges, with stock prices plummeting from over $30 to below $1 by April, but has since recovered, achieving over 600% growth in the last six months, trading between $8 and $9 [4] - The company reported its first quarter of positive adjusted EBITDA in Q2 [4] Strategic Vision - Nejatian aims to leverage AI technology and new strategies, including 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]