Tag Archives: ABNB

The Dealer Becomes the Player With OpenDoor Technologies

OpenDoor Technologies (NASDAQ:OPEN) was founded to automate the back-end of housing retail. That’s a laudable goal. But OPEN stock is not content being the dealer in this market. Instead, the company has become a player, raising cash to buy houses on its own.

Source: PREMIO STOCK/Shutterstock.com

This means the numbers it reports have nothing to do with the technology investment case. The stock spiked 17% earlier this month after reporting a loss of $144 million, or 24 cents per share, on revenue of $1.2 billion. But the stock is still down on the year.

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Ashford Hospitality Trust: Not the Best Hotel Stock

Earlier this year, investors piled into economic reopening and travel stock names. This made sense. The media was playing up the “Roaring 20s” narrative as it was hoped that rapid vaccination rates and a surging economy would lead to a summer of vacations, partying, and pent-up enthusiasm. Ashford Hospitality Trust (NYSE:AHT) stock was one such winner amid this excitement.

Source: Marriott

While 2021 was certainly better for travel company operators than 2020, it has hardly been a golden age either. Vaccine rates have slowed down dramatically after a hot start. Politicians....More>>>