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Opendoor Stock Rally Faces Complex Reality Despite Fed Rate Cut Expectations
Opendoor Stock Rally Faces Complex Reality Despite Fed Rate Cut Expectations
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BTCCSquare news:
Opendoor Technologies (OPEN) has surged 430% in three months, transitioning from meme-stock speculation to a potential turnaround story. The iBuyer's leadership shakeup—appointing COO Kaz Nejatian as CEO and bringing back co-founders including new board chair Keith Rabois—coincides with bullish sentiment around impending Federal Reserve rate cuts.
Markets anticipate a 25-basis-point reduction on Wednesday, with mortgage rates already hitting one-year lows. While lower borrowing costs could theoretically boost Opendoor's home-flipping model, analysts caution that profitability remains elusive. The Jackson Hole-fueled August rally may overlook structural challenges in converting cheaper capital into sustainable margins.
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