Closing Bell: Verizon Rallies on Earnings, Opendoor Skyrockets, Lululemon Slumps
whatshot 7 snips
Jul 21, 2025
Verizon surprised the market with a revenue boost, raising its profit outlook thanks to wireless price hikes and tax reforms. Opendoor's shares skyrocketed 121%, driven by retail trader enthusiasm and social media buzz. Meanwhile, Lululemon struggled with declining shares due to oversupply and increased competition, reflecting a shift in investor sentiment. The podcast covers these dynamic market movements, highlighting key trends and the overall health of the S&P 500 as trading wraps up.
06:19
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Verizon's Growth Momentum
Verizon's strong Q2 revenue beat expectations and raised profit outlook due to wireless price hikes and tax reforms.
Despite losing 51,000 wireless subscribers, the company sees clear growth momentum ahead.
insights INSIGHT
Block Joins S&P 500
Block stock soared over 7% as it will join the S&P 500 on July 23, attracting both passive and active investors.
Inclusion in the index is expected to boost trading and asset management interest significantly.
insights INSIGHT
Opendoor's Retail Frenzy
Opendoor's stock surged 121% in a day fueled by social media-driven retail interest and hedge fund endorsements.
Despite a high short interest of over 20%, the rally extended for six consecutive days, demonstrating speculative market behavior.
Get the Snipd Podcast app to discover more snips from this episode
On this episode of Stock Movers: Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Carol Massar and Tim Stenovec.
- Verizon (VZ) shares rallied after it posted second-quarter revenue that surpassed analysts’ estimates and raised its profit outlook, buoyed by wireless price increases and recent tax legislation. Operating revenue was $34.5 billion, up 5.2% from a year earlier, The New York-based carrier said in a statement. Wall Street had been expecting $33.7 billion, on average. Wireless service revenue, which excludes device purchases and upgrades, was $20.9 billion, in line with analysts’ projections. The strong performance, as well as “favorable tax reform,” led Verizon to boost some full-year guidance metrics, including adjusted earnings before interest, tax, depreciation and amortization and free cash flow. CEO Hans Vestberg said Verizon has “momentum and a clear path forward.”
- Opendoor (OPEN) shares were halted for volatility during trading today, jumping as much as 121%, extending its gravity-defying rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms. The stock’s triple-digit surge sent shares soaring to $4.97, well-above the $1 level it was bouncing around for the last few months. While shares in the online platform for buying and selling US real estate since pared their rally — closing around 43% higher — it’s still its sixth straight day of gains. Trading was briefly halted in the afternoon because of volatility. Opendoor has been the subject of chatter among retail traders on social media in recent days after Eric Jackson, founder of Toronto-based hedge fund EMJ Capital made a series of posts on social media platform X encouraging buying. It was listed as the topmost actively traded stock on Stocktwits Monday afternoon, and was being heavily cited by posters on Reddit’s WallStreetBets thread.
- Lululemon (LULU) shares slipped today as the athleisure brand continues to suffer from slowing sales. Lululemon’s core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, according to Randal Konik, an analyst at Jefferies. That’s an alarming issue for Lululemon, he added, showing erosion in core demand for the brand’s clothes. “We’ve witnessed signals of a brand in decline and see risks to earnings ahead,” Konik said in a note to clients on Thursday. The analyst, a long-time critic of the company’s strategy, has had an underperform rating on Lululemon’s stock since 2022.
Stock Movers