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 ...

Opendoor Technologies Inc. (NASDAQ:OPEN) Q3 2024 Earnings Call Transcript November 7, 2024 5:00 PM ET Company Participants Kimberly Niehaus - IR Carrie Wheeler - CEO Christy Schwartz - Interim CFO Conference Call Participants Ygal Arounian - Citigroup Ryan Tomasello - KBW Nick McAndrew - Zelman & Associates Operator Good day and thank you for standing by. Welcome to the Opendoor Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's present ...

TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ____________. Commission file number 001-39253 Opendoor Technologies Inc. (Exact name of registrant as specified in its c ...

Exhibit 99.1 Opendoor Announces Third Quarter of 2024 Financial Results SAN FRANCISCO, California - November 7, 2024 - Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial results for its third quarter ended September 30, 2024. Opendoor's third quarter 2024 financial results and management commentary can be accessed through the Company's shareholder letter on the "Quarterly Reports" page of Opendoor's investor relations w ...

The company is hurting from rising mortgage rates for residential real estate loans.Shares of Opendoor Technologies (OPEN -7.29%) slipped 12.5% in October, according to data from S&P Global Market Intelligence. The online home-buying platform trades in line with mortgage rates on residential real estate loans, which rose in October back to 7%. After going public with much fanfare in 2020, Opendoor's stock has tanked because of its declining revenue and lack of profitability. Here's why Opendoor's stock sank ...