ROCKET MORTGAGE STOCK REDDIT HOW TO
ROCKET MORTGAGE STOCK REDDIT UPDATE

solar market is expected to quadruple by 2030. According to the Solar Energy Industries Association and Wood Mackenzie (via Rocket Companies), the U.S. The timing of this sun-drenched venture couldn’t be any better, really. Once the financing is handled, they’ll facilitate the installation of a solar solution. Then, they’ll connect homeowners to a digital financing application. The company’s Rocket Cloud Force will serve as solar advisors, helping clients to decide if solar panels are the best choice for their homes. How so? Just recently, Rocket Companies revealed that it’s launching into the solar energy industry by helping Americans make their home more energy-efficient. Not only is RKT stock a terrific value, but it’s also an unexpected ESG investment. With such an ambitious vision for growth and profitability, it’s mind-boggling that Rocket Companies doesn’t get more attention on Wall Street. That strong momentum will carry us into the second half of the year, as we expect our 2021 mortgage origination closed loan volume to exceed 2020’s record performance of $320 billion.”

“Our record purchase mortgage volume puts us well on the path to our goal of becoming the largest retail home purchase lender in the nation by the end of 2023. Rocket Companies Vice Chairman and CEO Jay Farner emphasized how much bigger and more lucrative his company’s business could be over the next few months and years:

ROCKET MORTGAGE STOCK REDDIT HOW TO

If that’s true, then Rocket Companies has earned its coffee in 2021.ĭuring the second quarter, the company achieved closed loan origination volume of $83.764 billion, nearly doubling year-over-year and marking a quarterly record for Rocket Companies.Īmazingly, that closed loan volume was more than double the number from 2019’s second quarter, and exceeded that of the entire year of 2018.įurthermore, Rocket Companies achieved total net revenues of $2.669 billion during this year’s second quarter – not too shabby.Ĭlearly, this company’s team knows how to close deals. I’m referring to the line that says, “Coffee is for closers.” Closing the Dealĭo you remember the classic line from the film Glengarry Glen Ross? Thus, in a time when bargains are rare on Wall Street, RKT stock looks like an irresistible deal. On a trailing 12-month basis, Rocket Companies has a price-to-earnings ratio of just 5.49. With the downward price pressure, there’s a silver lining to be found. By early October, shares of Rocket Companies could be purchased for $15 and change.īut hey – let’s not dwell on the negative. Then, almost as quickly, the share price fell right back to $20.Īctually, it went below $20 and has stayed there for months. In early March, without warning, RKT stock catapulted to a 52-week high of $43. Who could have imagined what would happen next? Unless you had the inside scoop on Reddit’s next moves, Rocket Companies’ rocket ride would have been nearly impossible to predict. Last week, the shares rose after mortgage company declared a special dividend and Q4 earnings rose more than expected.RKT stock started off 2021 drifting near the $20 area, with little fanfare or press coverage.'That's an explosive upside move,' Najarian said.

Separately, Najarian mentioned bullish call trading in General Motors (NYSE: GM), saying investors are buying the April 60 calls.Najarian said he will hold the March 37 calls for about two weeks.'That's another very bullish bet,' Najarian said on the network.CNBC commentator Jon Najarian discussed Rocket's calls, saying that yesterday people were buying the 23.50 calls (they expire Friday) and today the 37 calls are being purchased.Cramer also called himself a 'huge fan' of Rocket's CEO and Chairman and said he likes the company's business fundamentals.When people see that, they think they can bust the sellers,' he said. In addition, CNBC's Jim Cramer talked about it on the business news network.Rocket Companies (NYSE: RKT) surges 35% after the heavily shorted stock gets mentioned in a number of posts on WallStreetBets/Reddit.

ROCKET MORTGAGE STOCK REDDIT UPDATE

Update 1:05pm: Updates shares, adds CNBC commentator bullish comments on options in Rocket and General Motors.

Rocket mortgage stock reddit