Better Home (BETR) Surges 20% on Jackson’s 'Shopify of Mortgages' Hype – Is This the Next 350-Bagger?

Summary
• Better Home & Finance (BETR) rockets 20.05% intraday to $60.00, defying a $15.00 200-day moving average.
• Hedge fund manager Eric Jackson’s 'Shopify of mortgages' analogy sparks 175% intra-day volatility, with shares trading as high as $75.00.
• Dynamic PE of -5.28 and 52W range of $7.71–$94.06 highlight speculative frenzy amid AI-driven mortgage disruption.

BETR’s meteoric rise follows activist investor Eric Jackson’s bold $12,000 price target, echoing his Opendoor success. With a 75.05% turnover rate and RSI at 93.45, the stock’s short-term momentum is fueled by retail frenzy and AI-driven mortgage innovation. The $59.0–$75.0 intraday range underscores extreme volatility, positioning BETR as a high-stakes play in the post-Fed cut environment.

Jackson’s 'Shopify of Mortgages' Hype Ignites Retail Frenzy
Eric Jackson’s viral endorsement of Better Home as the 'Shopify of mortgages' has triggered a speculative surge, mirroring his 2023 Opendoor playbook. Jackson’s assertion that BETR could become a '350-bagger' in two years has galvanized retail investors, particularly after the Fed’s 25-basis-point rate cut eased mortgage financing. The stock’s 175% intra-day peak reflects a meme-like trading frenzy, with Jackson’s $626 'fair value' claim amplifying short-term momentum. This surge is not driven by fundamentals but by narrative-driven retail trading, akin to the Carvana and Opendoor phenomena.

Financial Services Sector Mixed as Better Home Defies Trend
The Diversified Financial Services sector remains fragmented, with sector leader Millennium (MGC) down 0.22% despite BETR’s 20% surge. While Better Home’s AI-driven mortgage model aligns with broader fintech innovation, peers like NCR Atleos and Paymentus have underperformed due to earnings misses and regulatory headwinds. BETR’s volatility highlights a disconnect between speculative retail-driven momentum and sector-wide caution, as traditional players grapple with margin pressures and compliance costs.

Technical Bull Case: RSI Overbought, MACD Explosive – ETFs and Options Playbook
• RSI: 93.45 (overbought, extreme bullish momentum)
• MACD: 5.09 (bullish divergence), Signal Line: 3.21, Histogram: 1.88 (explosive acceleration)
• Bollinger Bands: $12.33–$39.24 (price at 233% upper band, extreme overextension)
• 200-Day MA: $13.71 (price at 437% above, unsustainable)

BETR’s technicals scream short-term exhaustion. The RSI at 93.45 and MACD divergence suggest a potential pullback, but aggressive bulls may target $75.00 (intraday high) as a short-term resistance. The 52W high of $94.06 remains a distant target, requiring sustained volume above $3.86M. With no options data available, leveraged ETFs like XLF (Financial Select Sector SPDR) could offer sector exposure, though BETR’s idiosyncratic move may outpace broader financials. Traders should monitor the $60.00 level for a potential bounce or breakdown into support at $59.00.

Backtest Better Home Stock Performance
It looks like the first two steps (finding every 20 %-plus intraday surge for BETR since 2022 and merging those dates) did succeed at the “screening” level, but the platform was unable to finish saving the data files. Because the files weren’t actually stored, the back-test engine couldn’t locate them and returned the “open variable not found” error you saw.Two quick ways to resolve this:1. Retry the data pull in smaller batches (e.g., one calendar year at a time) so the storage step completes successfully, then re-merge the annual files. 2. If you already know the exact surge dates you care about, we can bypass the file stage and feed those dates to the back-test engine manually.Please let me know which path you prefer (or if you’d like me to suggest another approach) and I’ll run the next set of calls right away.

BETR’s $75.00 Intraday High: A Flash Crash or the Start of a 350-Bagger?
BETR’s 20% intraday surge is a textbook retail-driven frenzy, fueled by Jackson’s 'Shopify of mortgages' narrative and post-Fed cut optimism. While technicals suggest overbought conditions, the stock’s AI-driven mortgage disruption thesis could justify a longer-term bullish case. Investors should watch for a breakdown below $59.00 (intraday low) or a breakout above $75.00 (intraday high) to confirm direction. Sector leader Millennium (MGC), down 0.22%, offers a barometer for broader financials. For now, BETR remains a high-risk, high-reward play—positioned at the intersection of AI hype and mortgage market disruption.