WATCH THIS BEFORE MARKETS OPEN TOMORROW
These notes were generated by AI and may contain inaccuracies.
Three events to know before markets open tomorrow. NASDAQ futures slightly in the red, down about 0.5%. Possible causes: partial government shutdown effective after February 14th, or Supreme Court ruling on February 20th on Trump's tariffs legality. If illegal, US must pay back all collected tariffs.
Overnight markets slightly in the red; this can change by open. Wait for clear direction in tomorrow's live trading session. Short if more fear, work with recovery if potential. Tune in via second link in description.
Series of companies reporting earnings this week. Check companies you're invested in or considering to avoid surprises.
- Carvana: After markets close Wednesday.
- Walmart: Before markets open Thursday.
- Opendoor (overvalued, negative 13.4x PE ratio, loses $300 million yearly): Reports Thursday. Gapped up despite fundamentals; hit highs of $10, now down over 60% at $4/share, more downside ahead. Not new company positioning as one; tried GameStop-style hype from 50 cents to $10. Momentum trade: take profits, avoid overleveraging at overbought levels.
Tried AI incorporation, new CEO revamp. Zoom out: highs of $110, sold off repeatedly. Shitty company losing hundreds of millions yearly; marketing won't fix. Revenue not improving quarter after quarter. Housing slowing, consumer outlook lower—perfect for continued sell-off. Called it out at $8-9/share; now critical, breaking below $4 support could head to $1/share.
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