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The Latest Breaking News from RKT

Rocket Companies (RKT) Stock Surges As December Rate Cut Odds Fuel Mortgage Optimism

Rocket Companies Inc (NYSE:RKT) shares traded higher on Tuesday, propelled by a shift in Federal Reserve expectations. Here’s what investors need to know.

Benzinga

Options Corner: A Shifting Real Estate Landscape Shines A Bullish Spotlight On Rocket Companies

Initially, circumstances for mortgage lending giant Rocket Companies Inc (NYSE:RKT) did not look appealing, with RKT stock making its public market debut at the peak of the post-pandemic housing euphoria. Fundamentally, that left virtually no realistic margin for sustained growth, subsequently cratering the equity. However, with positive undercurrents materializing in…

Benzinga

Rocket Companies (RKT) Stock Is Sliding Wednesday: What's Going On?

Rocket Companies Inc (NYSE:RKT) shares are trading lower on Wednesday afternoon, caught in a broader market sell-off fueled by comments from Federal Reserve Chair Jerome Powell. Here’s what investors need to know.

Benzinga

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Rocket's 25% Drop Has Analysts Calling It A Prime Entry Point

Rocket Companies, Inc. (NYSE:RKT) stock is under pressure following its merger with Mr. Cooper Group Inc. (NASDAQ:COOP), as investors weigh the potential for cost synergies against a broader slowdown in mortgage origination.

Benzinga

3 Fintech Stocks That Are Set to Rise as Rates Fall

Fed rate cuts may unlock upside for UPST, AFRM, and RKT stocks, boosting loan volumes, BNPL demand, and mortgage refinancing.

MarketBeat

What's Going On With Rocket Companies (RKT) Stock Wednesday?

Shares of Rocket Companies Inc (NYSE:RKT) are rising Wednesday afternoon after the Federal Reserve announced a quarter-point cut to its benchmark interest rate, bringing it to a range of 4.00% to 4.25%. This marks the fourth consecutive rate cut, signaling a more accommodating monetary policy that could boost the housing…

Benzinga

Rocket Companies (RKT) Stock Is Trading Higher: What's Going On?

Shares of Rocket Companies Inc (NYSE:RKT) are trading higher Thursday morning as new economic data fueled investor bets on an imminent Federal Reserve interest rate cut. Additionally, Rocket earlier announced the company and the Bank of Montreal extended and expanded the existing Master Repurchase Agreement.

Benzinga

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Rocket Companies Could See Major Upside With Rate Cuts Approaching: Analyst

Rocket Companies, Inc. (NYSE:RKT) is emerging as a major potential winner from falling mortgage rates, with its strong refinancing share and recent acquisitions setting the stage for growth in both volumes and profitability.

Benzinga

Rocket, Mr. Cooper Stocks Rally After Merger Approval, Rate Cut Hopes Lift Market Mood

Mr. Cooper Group Inc. (NASDAQ:COOP) said Friday its stockholders approved the company's $9.4 billion all-stock merger with Rocket Companies Inc. (NYSE:RKT), sending both stocks higher. Rocket shares also gained after softer-than-expected U.S. jobs data drove yields lower and lifted hopes for a rate cut.

Benzinga

Rocket, Oscar, Hims & Hers: Short Sellers Are Playing With Fire

Wall Street's most crowded shorts are starting to look like powder kegs. Rocket Companies Inc (NYSE:RKT), Oscar Health Inc (NYSE:OSCR), and Hims Hers Health Inc (NYSE:HIMS) are sitting at the top of the market's short-interest leaderboard, each with more than a quarter of their float sold short.

Benzinga

Cisco, Rocket Companies, Insulet And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said he remains long on Rocket Companies, Inc. (NYSE:RKT).

Benzinga

Andrew Left Doubles Down On Rocket Companies: 'This Isn't A Meme,' It's A 'Housing Juggernaut' In The Making (CORRECTED)

Editor's Note: This article has been updated to correct the individual’s name in the headline.

Benzinga

Rocket Companies (RKT) Stock Soars On Impressive Q2 Earnings Beat And Strong Guidance

Shares of Rocket Companies Inc (NYSE:RKT) are surging in Friday morning trading after the fintech giant reported second-quarter financial results that surpassed Wall Street expectations and provided a bullish outlook for the upcoming quarter.

Benzinga

Rocket Companies Stock Blasts Off On Q2 Results: Here Are The Highlights

Fintech platform company Rocket Companies (NYSE:RKT) reported second-quarter financial results after market close Thursday.

Benzinga

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Barchart

Investors Bullish on Rocket Companies' Long-Dated Call Options - Covered Call Action Likely

Unusual trading activity today in long-dated call options in Rocket Companies is likely initiated by covered call sellers. They are likely taking advantage of the recent uptick in RKT stock after its acquisition announcement.

Barchart

Redfin Is Soaring on a $1.75B Deal. Is It Too Late to Snap Up RDFN Stock?

Rocket Companies has agreed to buy Redfin stock for $12.50 a share. This indicates a potential buying opportunity.

Benzinga

Rocket Mortgage Files Suit Against US Department Of Housing And Urban Development: 'We Will Not Stand Idly By'

Rocket Companies Inc (NYSE:RKT) has filed suit against the United States Department of Housing and Urban Development (HUD) related to regulations involving independent licensed appraisers.

Benzinga

'Remain Cautious On Mortgage Originators': Rocket Companies Analysts React To Mixed Q1 Earnings

Rocket Companies Inc (NYSE: RKT) shares are trading lower by 5.5% after the mortgage lender reported a sharp decline in revenue.

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Benzinga

Rocket Companies: Q1 Earnings Insights

Rocket Companies (NYSE:RKT) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Rocket Companies missed estimated earnings by 21.05%, reporting an EPS of $0.15 versus an estimate of $0.19.

Benzinga

Rocket Companies Q1 Earnings Takeaways: Revenue And EPS Fall, Refinances And Cash-Out Mortgages See Strength

Rocket Companies Inc (NYSE: RKT) reported first-quarter financial results after market close Tuesday. Here are the key highlights.

Benzinga

Viewing Rocket Companies 25% Drop

Rocket Companies, Inc. | (NYSE: RKT)

Benzinga

Rising Mortgage Rates May Impact Lenders Less Than You Think: Rocket Companies CEO Talks Market Strength

The surge in mortgage rates has put pressure on mortgage lenders. Rocket Companies Inc (NYSE: RKT), the largest mortgage originator in the United States, has seen its stock fall more than 30% year-to-date, but that may not be an accurate reflection of the strength of the business.

StockNews.com

3 Stocks to Avoid as Mortgage Rates Jump Faster Than Expected

The faster than expected rise in mortgage rates could hamper the housing market’s sales this summer. Hence, we think fundamentally weak mortgage stocks Rocket Companies (RKT), UWM Holdings (UWMC), and loanDepot (LDI) could be best avoided.

Benzinga

Where Rocket Companies Stands With Analysts

Within the last quarter, Rocket Companies (NYSE:RKT) has observed the following analyst ratings:

Benzinga

Rocket Companies Q4 Earnings Highlights: Revenue Miss, Record Originations, Special Dividend And More

Rocket Companies (NYSE: RKT) reported fourth-quarter and full-year financial results after Thursday's market close. Here are the key highlights for investors.

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