Is Rocket Companies Stock A Buy Or Sell After Recent Earnings? We're Bullish Into Low Expectations

Mar. 03, 2022 11:41 AM ETRocket Companies, Inc. (RKT) StockRKT27 Comments
BOOX Research
20.33K Followers

Summary

  • Rocket Companies reported its Q4 results which were up against difficult comps in the period last year.
  • Despite rising interest rates, the company continues to benefit from the strong housing market and demand for mortgage loans.
  • The stock looks interesting following a deep selloff considering what remains a positive long-term outlook supported by solid fundamentals.

House and coin on balancing scale on yellow background. Real estate business mortgage investment and financial loan concept. Money saving and cashflow theme. 3D illustration rendering graphic design

Shutter2U/iStock via Getty Images

Rocket Companies, Inc. (NYSE:RKT) is the largest mortgage lender in the U.S. which has leveraged its leadership position into a variety of fintech businesses including diversified real estate services, personal finance, and used car loans. The company has benefited

Add some conviction to your trading! Exclusive stock ideas from our "ALPHA PICKS" along with the best daily market trading commentary. Join the community and active chat room. Click here for a two-week free trial at the Conviction Dossier.

This article was written by

20.33K Followers
BOOX Research run by Dan Victor, CFA specializes in covering small-caps and under-the-radar ideas. Dan brings more than 15 years of experience in financial services across multiple roles in research, investment management, and trading. Dan is also the winner of Seeking Alpha's 2023 stock market prediction contest-- beating out a field of 40 analysts by correctly forecasting the S&P 500's 24% gain that year. https://seekingalpha.com/article/4660791-2023-market-prediction-contest-winners

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in RKT over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About RKT Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on RKT

Related Stocks

SymbolLast Price% Chg
RKT
--