Opendoor Technologies (OPEN) stock continued its meteoric rise on Monday, with shares rising as much as 115% in afternoon trading as the meme stock-style rally continues.
The long-beleaguered iBroker platform saw its share price gain 188% last week, bringing the stock from just above $0.50 less than a month ago to now above $4.80. Shares still remain far below their all-time high of $39.24 reached in February 2021.Powering the stock, in part, has been a public bull case from Carvana (CVNA) turnaround spotter EMJ Capital and a ream of speculative bets posted to the subreddit wallstreetbets, a haven for meme stocks, have both added significant fuel to the fire.
Retail trading activity in the stock has surged in recent weeks, according to data from VandaTrack. #CryptoMarket4T $BTC $ETH $BNB
Opendoor Technologies' (OPEN) stock delivered a 188% gain on the week after a trading day that saw the iBuyer penny stock rocket upward another 36%.
Following a bull thesis for an Opendoor turnaround posted to X on July 14 by EMJ Capital principal and Carvana (CVNA) spotter Eric Jackson, the stock has firmly entered retail meme stock status. Retail trading activity in Opendoor stock has increased 140% over the past 10 days compared to the preceding month, according to retail investor data provider VandaTrack
Bitcoin has already shown a lot of strength in recent times, pushing as high as $123,000 before trailing back down toward $117,000. So far, it looks like the digital asset has hit a roadblock and is now possibly looking at a peak. But analyst Merlijn The Trader has explained that it is far from over for Bitcoin with more rallies to come. He reveals that the Bitcoin price is yet to stage its ‘final act’, which must happen before there are talks of a top.. #BinanceTurns8 $BTC
An upbeat start to earnings season has also helped to quell tariff fears for now. Around 83% of the S&P 500 companies that have reported earnings have exceeded expectations, according to FactSet data. In particular, big banks such as JPMorgan Chase and Goldman Sachs, which serve as barometers for economic activity, had solid beats, boosting investor sentiment.
Next in the spotlight are Big Tech earnings, which will be released in the weeks right before Aug. 1. If better than expected, they might dispel geopolitical jitters — or cause investors to dismiss trade fears too readily. In these stormy times, every silver lining has a dark cloud.
What you need to know today
Aug. 1 is a ‘hard deadline’ for new tariffs. U.S. Commerce Secretary Howard Lutnick said Sunday that the tariffs will take effect next month, but left open the possibility of continuing trade negotiations after the date.
Trump wants a minimum tariff of 15%-20% on the EU. The Financial Times
Scott Bessent reportedly urged Trump not to fire Jerome Powell. However, the U.S. president denied a Wall Street Journal report that Bessent had warned him about the
U.S. stock futures are little changed Sunday stateside. On Friday, the S&P 500 and Nasdaq Composite closed around the flatline. The Dow Jones Industrial Average, however, lost 0.32%. The Stoxx Europe 600 was
[PRO] The Magnificent Seven are due to report earnings. Alphabet and Tesla will announce their second-quarter financial results Wednesday. If they top the results that investors are expecting,
Netflix (NFLX), which currently trades at roughly 40 times forward earnings, a steep premium to the broader market and even many of its tech peers, faced an even sharper reaction. Shares fell 5% on Friday despite the streaming giant reporting a beat on both the top and bottom lines and raising its full-year guidance.
"An overall 'good' set of results and guide were not good enough for elevated expectations,” William Blair analyst Ralph Schackart wrote in a reaction to the Netflix report.
I’m not just a trader— I’m a risk manager, a decision-maker, and a survivor in the world of uncertainty. Every tick of the chart is a new battle. Profit is a reward, loss is a lesson. Discipline is my shield, strategy is my sword. Emotions? I control them, not the other way around. I read the market, follow the trends, and respect the rules. Because in this game, consistency beats luck. This is not gambling—this is trading. And for me, trading is not a hobby, It’s a lifestyle."#StrategyBTCPurchase