Prediction: This Stock Down 94% Will Soar With Lower Interest Rates
Opendoor(OPEN) The Motley Fool·2024-09-24 18:45
The market doesn't have much confidence in its prospects, at least for the near term. The S&P 500 rose last week after the Federal Reserve announced its first interest-rate cut in four years. Lower rates are meant to boost the economy and should result in more money changing hands and higher revenue for many struggling companies and industries. Opendoor Technologies (OPEN -2.40%) is a real estate technology company that wants to change how Americans buy and sell their homes. Residential real estate is one o ...