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Existing Home Sales At Lowest Point In 12 Years: How Will This Impact Opendoor Earnings?

Mortgage rates are back on the rise due to a strong performance in retail sales and labor market data, along with positive monthly inflation readings. This has raised the prospect of the Federal Reserve continuing its interest rate hiking campaign through the summer.

OPEN

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Essential Properties REIT Hits 9-Month High

Joining the list of real estate investment trusts (REITs) in uptrends, Essential Properties Realty Trust Inc. (NYSE: EPRT) recently hit a nine-month high. After establishing an October 2022 low of $19, the move up to the $25 area amounts to a 31% rally in about four months.

EPRT

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MPW Soars 8% In One Day: What In The World Happened?

Stocks can fly up or down very quickly for many reasons, including rumors, analyst upgrades or downgrades, dividend increases or solid earnings reports that beat the Street. But when a stock that has been sinking — both short and long term — suddenly soars 8% in one day on heavier than usual volume, it bears a closer look.

MPW