markets

Luke Kawa7/18/25

Opendoor shares up big again after call volumes set records for three straight sessions

The surge in online real estate company Opendoor Technologies, which has already doubled this week, is a flows story: traders are looking to get in on the ground floor of a potential turnaround.

There is not a fundamental catalyst pushing shares higher. Instead, there is a belief in the potential for a series of fundamental catalysts, a hope that all the negatives had been more than priced in when it traded below $1, and/or just the thought that others will keep piling in that’s inspiring a heck of a lot of retail zest for the stock.

That flows story in the options market has been monumental for the stock relative to its history. The stock has set records for daily call volumes traded in back-to-back-to-back sessions. More call options have traded in the first four days of this week (1.7 million) than the six months before that (1.4 million).

And the enthusiasm for the underlying stock looks to be continuing: it’s up more than 12% in premarket trading, and is in the top 50 for value traded among all US stocks ahead of the open, ahead of much, much larger companies like Exxon Mobil, Oracle, Berkshire Hathaway, Costco, and Pepsi.

Even if the stock goes nowhere on Friday, it would still be far and away its best week ever, and it’s not particularly close.

Read more: Hedge fund manager Eric Jackson, architect of the eye-popping rally in Opendoor, on why he thinks the online real estate company is the “next Carvana”

The stock is still more than 95% off its closing peak. But it’s also clearly in the market — and public — consciousness in a way it’s never been before.

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Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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