Ah, the financial markets. A bastion of rational thought, meticulous forecasting, and serene predictability. Or, at least, that’s what the textbooks tell us. In the era of Donald J. Trump, however, Wall Street often resembles a teenager’s mood swings, reacting with dramatic flair to every pronouncement, tweet, or off-the-cuff remark from the former, and potentially future, President. The past week has been no exception, offering a fresh batch of policy pronouncements that sent some sectors into a tailspin w ...

Core Viewpoint - The significant rise of Opendoor Technologies has captured attention in retail trading circles, with shares increasing over 1,600% since July, driven by bullish sentiment from hedge fund founder Eric Jackson [1] Group 1: Stock Performance - Opendoor's shares surged from less than $1 to a high of $10.28, marking a dramatic increase in value [1] - Jackson has set an ambitious price target of $82 per share for Opendoor, suggesting potential for substantial growth [2] Group 2: Investor Sentiment - Retail traders are enthusiastic about Opendoor, but some institutional investors express skepticism regarding Jackson's optimistic outlook [2] - William Reid Culp III, a hedge fund manager, considers Jackson's price target aggressive based on the company's current fundamentals [2] Group 3: Financial Fundamentals - Culp highlights that for Opendoor to reach the $82 target, it would need to trade at approximately 10 times its revenues, a valuation typically associated with profitable SaaS companies rather than capital-intensive housing platforms [3] - Revenue for Opendoor has declined from $15.6 billion in 2022 to an estimated $5.1 billion in 2024, with ongoing negative earnings and consensus estimates indicating continued losses per share through 2026 [3] Group 4: Market Dynamics - Culp acknowledges that retail trading momentum could lead to a rally or short squeeze, similar to past meme stocks like Gamestop or AMC, but remains doubtful that Opendoor can achieve the revenue necessary to support Jackson's price target [4] - For Opendoor to justify the $82 price point, either significant revenue growth is required or a higher valuation multiple must be assigned, which is not typical for its business model [4] Group 5: Market Position - Opendoor is identified as a breakout meme stock of the season, with retail traders actively investing in the stock [5]

Company Performance & Leadership - Open Door's CFO is departing, with Christy Schwarz named as interim CFO, who previously served in the same role in 2022 [1] - Open Door's Q2 earnings showed positive EV (likely EBITDA), with revenues slightly higher than expected, but Q3 was projected to be worse than analysts anticipated [4] Market Dynamics & Meme Stock Phenomenon - Open Door has experienced a significant stock price increase, transitioning from below $1 to nearly $10 per share, driven by retail investor interest and meme stock dynamics [1][2] - The stock's movement is largely based on expected improvements in housing market fundamentals rather than actual positive changes [5][6] - Retail investor activity, including high-net-worth individuals, significantly influences market flows, with Goldman Sachs' basket of retail-owned stocks up over 13% in 10 days [8][15][16] - Weekly options play a crucial role in driving stock movements, with aggressive buying of near-the-money call options amplifying positive catalysts [17][18] Strategic & Operational Focus - The return of co-founders and Shopify's former COO to leadership roles was influenced by the increase in stock price and retail investor interest [5][9] - Open Door has addressed retail shareholder demands, including the resignation of the old CEO, the return of a co-founder to the board, and the termination of insider selling programs [10][11] - Open Door needs to demonstrate consistent quarterly improvements and address key spreads related to home buying/selling, agent commissions, and potential mortgage financing [12]

Company Overview - Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for home buying and selling, providing direct sales, listings, and marketplace services, along with solutions in real estate, insurance, and construction [1] Stock Performance - The stock has experienced significant volatility, dropping from $4 to around $0.50 before rebounding to $1.71 amid rumors of a business model shift and executive changes [1] - Jim Cramer characterized Opendoor as a "meme stock," expressing skepticism about its investment potential due to perceived manipulative aspects [1] Executive Changes - The departure of the CEO, described as a "straight shooter," has raised questions about the company's direction and stability [1] Investment Perspective - While acknowledging the potential of Opendoor as an investment, it is suggested that certain AI stocks may offer greater upside potential and carry less downside risk [1]

Core Viewpoint - Kohl's stock experienced a nearly 4% increase due to an analyst's price target increase, contrasting with a slight decline in the S&P 500 index [1] Group 1: Analyst Insights - Baird's Mark Altschwager raised his fair value assessment for Kohl's from $15 to $17 per share while maintaining a neutral recommendation on the stock [2] - Altschwager's previous price target increase occurred at the end of August, where he raised it from $9 to $15 per share [3] - The recent price target adjustment was not explicitly explained but follows a trend of analysts becoming more positive on Kohl's after its second-quarter results [4] Group 2: Financial Performance - Kohl's second-quarter results showed a year-over-year decline in both net sales (down 5%) and comparable sales (down 4%), totaling $3.35 billion, which aligned with consensus estimates [4] - The company's non-GAAP net income slightly declined to $64 million ($0.56 per share) from $66 million, significantly exceeding the average analyst projection of $0.29 [4] Group 3: Market Sentiment - Following the earnings release, other analysts, including those from TD Cowen, UBS, and JPMorgan, have also raised their price targets for Kohl's [5] - The movement in Kohl's stock was attributed to non-meme stock reasons, indicating a shift in investor sentiment based on analyst evaluations rather than social media hype [7]

Core Viewpoint - CNBC's Jim Cramer proposed the creation of a "gone meme list" to track companies that have experienced a speculative trading frenzy, indicating a need for better categorization of stocks that have moved away from meme status [1][2][6]. Group 1: Opendoor Technologies Inc. (OPEN) - Opendoor's stock has surged 135.98% over the past month due to significant social media attention and retail trading activity [3]. - Despite the stock's rise, some investors, including Martin Shkreli, have taken short positions against OPEN, questioning its meme stock status [3][4]. - Year-to-date, OPEN's stock has increased by 461.01% and 277.97% over the past year, although it fell 3.36% in premarket trading on Wednesday [8]. Group 2: IONQ Inc. - IONQ, a quantum computing firm, has been identified by Cramer as a company whose meme cycle has largely passed, suggesting a return to trading based on business fundamentals [5][6]. - Cramer's comments reflect skepticism towards valuations driven by social media trends, emphasizing the need for a structured approach to track the lifecycle of meme stocks [7]. Group 3: Market Trends - The meme stock phenomenon has drawn comparisons to past events involving companies like GameStop and AMC, highlighting the volatility and speculative nature of retail trading [4]. - Cramer's suggestion for a "gone meme list" aims to help analysts understand and categorize the impact of social media on stock trading [7].

Core Viewpoint - Opendoor Technologies, Inc. is experiencing significant stock volatility, with a recent surge of over 50%, but the new chairman Keith Rabois asserts that it is not a meme stock driven by sentiment [1][2]. Group 1: Company Positioning - Rabois emphasizes that Opendoor's recent stock performance is not merely sentiment-driven, but reflects a genuine demand for investment in the company due to its unique role in transforming real estate transactions [2][3]. - The chairman believes that the market is effectively allocating capital, as retail investors are expressing their desire for more investment in Opendoor, which he views as a positive societal trend [3][4]. Group 2: Investor Sentiment - Rabois supports the involvement of individual investors, arguing that they can recognize the fundamentals and long-term potential of Opendoor, which will be crucial for the company's future success [4]. - Other notable figures, including Eric Jackson and Anthony Pompliano, also reject the notion of Opendoor being a meme stock, framing the stock's narrative as misunderstood and highlighting its potential rather than sentiment as the main driver [5]. Group 3: Stock Performance - As of the latest publication, Opendoor Technologies shares increased by 3.66% to $9.40, nearing its 52-week high of $10.70 [6].

Core Viewpoint - Eric Jackson, founder of EMJ Capital, emphasizes that his investment in Opendoor Technologies Inc. is based on fundamental value rather than the viral nature associated with meme stocks like GameStop [1][2]. Company Overview - Opendoor Technologies Inc. has seen a significant stock rally, increasing by 466.88% year-to-date and 662.18% over the last six months, largely due to Jackson's advocacy [4]. - Jackson compares Opendoor to "the Amazon of housing," indicating its potential to transform the real estate buying and selling process [5]. Management Changes - Recent management changes at Opendoor include the return of co-founders Keith Rabois and Eric Wu to the board, and the appointment of Kaz Nejatian, former COO of Shopify, as CEO [5]. - Rabois has proposed a substantial workforce reduction from 1,400 to fewer than 200 employees, focusing on merit and excellence while criticizing remote work and diversity initiatives [5]. Marketing Strategy - Jackson is actively seeking support from Canadian rapper Drake to mobilize the "OPEN Army," utilizing grassroots marketing strategies to engage unconventional audiences [6]. Stock Performance - The stock price of Opendoor fell by 13.78% to $9.07 per share recently, but it has advanced 281.09% over the year [7]. - Benzinga's Edge Stock Rankings indicate that Opendoor maintains a stronger price trend across short, medium, and long terms, although its growth ranking is relatively weak [7].

It is shocking how many mainstream media outlets can’t understand that $OPEN is not a meme stock.It is a company poised to be turned around by addressing one of the largest problems in society — buying and selling a home.If you solve one of the biggest problems, history tells us you are rewarded with one of the biggest companies.Doesn’t mean it will be easy. There will be plenty of volatility along the way. But the company has a chance to execute one of the greatest corporate comeback stories in history.Let ...

Open Door has become one of Wall Street's most talked about stocks. Shares soaring nearly 80% in a single day after naming a former Shopify executive as CEO. Stock is now up more than 400% this year.And our next guest has confidence that this isn't just another meme stock. It's a real turnaround story. Joining me now, got Eric Jackson, founder and president of EMJ Capital.Eric, it is great to see you on set. So, let's talk all things Open Door. Eric, um, yeah, new CEO, uh, co-founders coming back to the boa ...