๐ $OPEN House Party: Meme Momentum, Real Estate Roulette & an Earnings Wildcard ๐๐ช
Opendoor reports Thursday after the bell. After a 188% rip in a week and a volatility halt on Mondayโฆ what comes next?
Opendoor ($OPEN) has become the GameStop of real estate โ and now itโs staring down earnings right after a 115% intraday swing that made even crypto traders blush.
This Tuesday, July 23rd, after market close, the former SPAC sweetheart turned meme stock will try to convince Wall Street itโs more than just Zillow with vibes.
Spoiler alert: No profits yet. But maybe vibes are enough?
Letโs dig into the madness ๐
๐งพ Earnings Snapshot
๐ EPS: Estimated โ$0.17 (because why not lose money in style)
๐ Revenue: $1.5B expected (YoY flat, kinda sad)
๐ฐ EBITDA: Everyoneโs praying for it to be positive
๐งฎ Estimize Crowd: Betting on a surprise profit (lol ok)
Translation: Itโs not about the numbers โ itโs about the narrative.
๐จ Why This Matters for Markets:
Opendoor isnโt just a dusty real estate tech company. It's a vibe. It's a retail momentum thermometer, a meme magnet, and a case study in speculative mania.
If $OPEN rips post-earnings, expect every zombie SPAC and penny stock to rally in sympathy. If it tanks? Reality might come knocking for the rest of the risk-on trade.
Plus: With 25% of the float sold short and Reddit on fire, weโre one good EBITDA surprise away from another halting-circuit-breaking-supernova.
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