Mixed Wallstreetbets Stocks Ahead of Bell on Friday; Opendoor Technologies to Rise, Intel to Decline

WallStreetBets stocks are mixed pre-bell on Friday, with Opendoor Technologies expected to advance and Intel to decline.

WallStreetBets stocks are mixed pre-bell on Friday, with Opendoor Technologies expected to advance and Intel to decline. U.S. stock futures swung between gains and losses on Friday, reflecting a mixed note after Thursday's session [1].

Opendoor Technologies, a real estate technology company, is anticipated to rise pre-bell, with its stock price heavily influenced by retail investor enthusiasm. The company's stock has seen a dramatic surge in the past month, driven by retail investors, particularly those from Reddit's Wallstreetbets subreddit [2]. Despite its recent positive momentum, Opendoor faces substantial financial challenges, including a history of unprofitability and significant negative cash flow. However, there is some positive movement in its earnings before taxes, interest, depreciation, and amortization (EBITDA) from Q4 2024 to Q1 2025 [2].

Intel Corp., on the other hand, is expected to decline pre-bell. The company reported a loss for the second quarter, while sales topped estimates. CEO Lip-Bu Tan shared a memo with employees, stating that the company will reduce its workforce to 75,000 employees by the end of the year through layoffs and attrition [1].

Other notable stocks in focus include Phillips 66, Centene Corp., and Charter Communications Inc., which are expected to report earnings before the opening bell [1]. NextCure Inc. and Garden Stage Ltd. also saw significant pre-market movements, with NextCure jumping 24.33% and Garden Stage Ltd. zooming 33.94% [1].

U.S. stock futures of major benchmark indices were mixed, with the Dow Jones up 0.12%, the S&P 500 up 0.07%, the Nasdaq 100 down 0.04%, and the Russell 2000 up 0.15% [1]. The 10-year Treasury bond yielded 4.42%, and the two-year bond was at 3.93% [1].

Investors should keep an eye on upcoming economic data, such as June durable-goods orders data, which will be announced at 8:30 a.m. ET on Friday [1].

References:
[1] https://www.benzinga.com/markets/equities/25/07/46625541/us-stocks-likely-to-open-on-a-mixed-note-intel-philips-66-centene-charter-earnings-in-focus
[2] https://www.ainvest.com/news/opendoor-technologies-plunges-10-76-financial-challenges-2507/