remember:
when you think it can’t go any lower, it always goes lower
when you think it’s doomed and give up, it bottoms
atleast, that’s how it’s been for me everytime
$OPEN $BETR
we recently shipped a big change to how you get started selling your home with Opendoor.
~35% less time to get to your estimated value means
~40% more people reach their estimated value and
~15% more people finish their home walkthrough
left (old), right (new)
Everything is interdependence. Nothing exists independently. If I investigate, where is this person? I only see body, not the person. And mind, besides mind and body, where is the person? 🕊️ — Dalai Lama, Pilgrimage to the Mahabodhi Temple
#DalaiLama#Interdependence#Oneness #Compassion #InnerPeace #Buddhism #Wisdom #TrustTheProcess #WiseApeMan
The WAM Market Summary, Thursday November 12
Good morning. Stocks opened lower on Thursday, giving back part of Wednesday's rally as a leadership crisis at Nvidia weighed on technology shares.
Here are the five stories that matter this morning.
Nvidia Board Weighs Ousting Huang
Nvidia shares slid about 9 percent in after-hours trading on Wednesday after the Wall Street Journal reported the board is preparing to remove chief executive Jensen Huang. The New York Times reported Huang had a relationship with a direct report, days after he admitted to an affair with a woman United States officials suspect is a Chinese spy. The board met late Wednesday and has hired an outside firm to identify possible successors, Bloomberg reported. The stock has now fallen roughly 23 percent in seven trading sessions, and Nvidia reports quarterly results on November 17.
Treasury Yield Holds Above Five Percent
The yield on the benchmark 10-year Treasury note sat near 5.02 percent this morning after touching 5.03 percent on Tuesday following a hotter than expected inflation reading. Bond trading resumed today after the market closed for Veterans Day. Investors are pricing in roughly a 91 percent chance the Federal Reserve raises rates by a quarter point at its December meeting, according to CME Group's FedWatch tool.
Cisco And Applied Materials Report Tonight
Earnings season is winding down, but two notable names report after the closing bell today. Networking hardware provider Cisco is expected to report nearly 4.2 billion dollars in profit on 18.1 billion dollars in revenue, according to analysts polled by Visible Alpha. Chip equipment maker Applied Materials also reports its fourth quarter and fiscal 2026 results after the close.
Oil Slips As Hormuz Attacks Meet Rising Output
Oil prices edged lower on Thursday even as two supertankers were disabled by explosions after hitting naval mines in the Strait of Hormuz on Wednesday night, according to Iran's Revolutionary Guards Navy. Brent crude traded near 92.39 dollars a barrel and West Texas Intermediate near 86.16 dollars. Rising output from OPEC+, led by higher Saudi production in October, is offsetting the supply fears for now. Official United States inventory figures are due later today.
Wednesday Rally Fades At The Open
Stocks rallied hard on Wednesday, with the S&P 500 up 1.31 percent to 7,619.38 and the Nasdaq up 1.60 percent, helped by a strong revenue beat from CoreWeave that eased worries about artificial intelligence spending. The mood reversed overnight as Nvidia's troubles dragged futures lower, with Nasdaq 100 futures down about 0.9 percent and S&P 500 futures down about 0.4 percent. Bitcoin also slipped, trading below 73,000 dollars.
Not financial advice. For information only, do your own homework.
This is not the smartest move from a profit-maximizing standpoint btw, but there must be some room in this world for sentimentality or what’s the point?
Fear is always about something that's yet to happen. So you are suffering something that does not exist. What happened ten years ago does not exist right now. What may happen day after tomorrow does not exist right now. 🕊️ — Sadhguru, in conversation with Mike Tyson
#Sadhguru #Fear #InnerPeace #Mindfulness #Wisdom #Spirituality #LetGo #TrustTheProcess #WiseApeMan
How do you make money as an investor? The people who don't know think the way you do it is by buying good assets, a good building, stock in a good company, or something like that. That is not the secret for success. The secret for success in investing is buying things for less than they're worth. 🕊️ — Howard Marks, Investor Center lecture
#HowardMarks #ValueInvesting #InvestingWisdom #Patience #LongTermThinking #TrustTheProcess #WiseApeMan
The WAM Market Summary, Wednesday November 11
Good morning. Stocks are bouncing back this morning after Tuesday's slide, with tech leading the way as CoreWeave's strong results calm fears about AI spending. The heatmap is mostly green, with technology up 2.72% and chips surging.
Here are the five stories that matter this morning.
CoreWeave Calms AI Fears
CoreWeave reported third-quarter revenue of $3.66 billion, up 168% from a year earlier and ahead of the $3.54 billion analysts expected. The AI cloud provider raised its full-year revenue forecast to between $13.0 billion and $13.3 billion and said its order backlog reached $132.5 billion. Shares jumped more than 10% in premarket trading, and Nasdaq 100 futures rose nearly 2% as the results eased worries that AI spending is running ahead of demand.
Nvidia Bounces Back
Nvidia shares rose nearly 4% in premarket trading after falling roughly 10% over the previous two sessions. The slide followed the board opening an inquiry into chief executive Jensen Huang, and the company reports quarterly results next week. Other chip names joined the rebound, with Micron up nearly 7% and Marvell up 8% before the bell.
Yields Hold Near Five Percent
The yield on the 10-year Treasury note touched 5.03% on Tuesday after a hotter-than-expected inflation report strengthened expectations for a December rate hike. Traders now see a quarter-point increase at the Fed's December 9 meeting as a near certainty, with a small chance of a half-point move. The bond market is closed today for Veterans Day, so there is no Treasury trading to move yields while stocks trade normally.
OpenAI Revenue Jumps, Losses Deepen
OpenAI told investors its third-quarter revenue reached $10 billion, up about 50% from the prior quarter, according to the Wall Street Journal. Its adjusted operating loss widened slightly to $10.9 billion as it spends heavily to keep pace in the AI race. Rival Anthropic, which is preparing its own stock market debut, reported $17 billion in revenue for the same period with a much smaller operating loss of $567 million.
Oil Rebounds As Tankers Burn
Brent crude rose about 2% to near $93 a barrel, recovering from a two-month low reached on Tuesday. The move followed fresh attacks on shipping in the Strait of Hormuz, where 37 ships were attacked in October and 10 more so far in November, including two tankers that caught fire after hitting naval mines. The attacks continue even as hopes grow for a de-escalation in the wider conflict.
Not financial advice. For information only, do your own homework.
@AlecTorelli BULLISH AF.
Turnarounds take time. $OPEN is doing all the right things. Trust the process. It will succeed.
Don’t forget, the market has been brutal. It’s not just Opendoor, just run your stock screener to see how many growth stocks are at 52-week low.
I watched the entire $OPEN earnings call and for the first time, I'm concerned.
Very concerned.
The price keeps falling, everyone on X is having a melt down and yet, I'm more bullish than ever.
Kaz seems to have a rational, long term mindset and wants to build a truly great company.
He nailed every question, update and talking point.
What am I missing here?
Just listen to this 5 min rant from @nejatian about their 5 year vision.
Not sure what more you can want from a CEO, nor what I'm missing, but perhaps someone smarter than me can help me see my blind spot.
The way I see it, this either goes to zero or hits a home run.
I remain heavily long and feel pretty much the opposite of the crowd whose turned bearish.
I feel like I don't own enough.