Prediction: These 2 Stocks Will Soar If Interest Rates Are Cut This Month [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
All eyes are on the Federal Reserve this month as it gets ready to lower interest rates . Chairman Jerome Powell has alluded to being ready to make the cut when the Fed meets on Sept. 17, and a reduction of any level is likely to positively affect the stock market. It should lead to improvements in spending, which will lift revenue at retailers and other companies across the country. That's good for business overall, but it's crucial for some companies that have been experiencing a serious downturn in sales. Real estate is one industry that has been hurt severely by high interest rates. High mortgage rates mean homeowners aren't looking for new digs, which means fewer houses on the resale market. Houses that are for sale come with a much higher price tag once you include the full price with the high mortgage rate, leading to even lower activity. Beyond that, because people aren't moving, home improvement stores are moving less inventory and less-expensive inventory. It's easy
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News
- Are 'we buy houses' offers a rip-off? How to know if you're getting scammed. [Yahoo! Finance]Yahoo! Finance
- David Benson joins Opendoor Board of DirectorsGlobeNewswire
- Opendoor (OPEN) Stock Trades Down, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Opendoor Technologies Inc. (OPEN) 2024 Goldman Sachs Communacopia and Technology Conference (Transcript) [Seeking Alpha]Seeking Alpha
- 1 Growth Stock Down 94% to Buy Right Now [Yahoo! Finance]Yahoo! Finance
OPEN
Earnings
- 8/1/24 - Beat
OPEN
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- OPEN's page on the SEC website