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Rocket Companies (RKT) AnalysisCompany Overview: Rocket Companies, a fintech mortgage loan originator, entered 2024 with strong momentum. CEO Varun Krishna highlighted top-line growth acceleration for the third straight quarter and the highest profitability in two years, along with expanded market share in both purchase and refinance sectors. The company is leveraging its proprietary AI tech stack for future growth, aiming to modernize the fragmented homeownership space. Institutional Interest: Investor confidence is evident, with the Swiss National Bank increasing its stake by 4.1% in Q1, now holding 237,000 shares. Financial Performance: Rocket Companies reported an adjusted revenue of $1.2 billion in its latest quarterly report, exceeding guidance and marking year-over-year growth acceleration for the third consecutive quarter. Investment Outlook: Bullish Outlook: We are bullish on NYSE:RKT above the $13.00-$14.00 range. Upside Potential: With an upside target set at $20.00-$21.00, investors should consider Rocket Companies' impressive financial performance and strong institutional interest as key drivers for future stock appreciation. 📊🏡 Monitor Rocket Companies for promising investment opportunities! #RKT #FintechStocks 📈🔍
NYSE:RKTLong
by Richtv_official
ROCKET COMPANIES $RKT - Apr. 5th, 2024ROCKET COMPANIES NYSE:RKT - Apr. 5th, 2024 BUY/LONG ZONE (GREEN): $13.55 - $14.75 DO NOT TRADE/DNT ZONE (WHITE): $12.80 - $13.55 SELL/SHORT ZONE (RED): $11.50 - $12.80 Weekly: Bullish Daily: DNT 4H: Bearish The weekly timeframe has a bullish trend with strong bearish momentum on the most recent candle as the week is wrapping up. The daily timeframe has a breakdown of bullish structure and a retest of the most recent zone that I am using as my trend determiner, I would label this as DNT until we see a new lower low created, even if it were only a wick below 12.80. The 4H timeframe gives a better showing of the strong bearish momentum and the retest of the broken zone. After the retest the bearish momentum continued to reinforce the bearish trend. Any break below 12.80 would confirm the bearish trend and where I'd start to look for short entries. A break above the zone bottom at 13.55, where the bearish momentum continued and where price retested, would signal a reversal into a bullish trend. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, rocketcompanies, rkt, NYSE:RKT , rocketmortgage, rktstock, rkttrend, rocket, rocketcompaniesstock, rktlong, rktshort, rktanalysis, interestrate, mortgagerate, ratecuts,
NYSE:RKT
by TonyAiello
Rocket Companies (NYSE: $RKT) Looks Poised For A Reversal! 🚀Rocket Companies, Inc. engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; Rocket Auto, an automotive retail marketplace that provides centralized and virtual car sales support to national car rental and online car purchasing platforms; and Rocket Loans, an online-based personal loans business. Its solutions also include Core Digital Media, a digital social and display advertiser in the mortgage, insurance, and education sectors; Nexsys, a fintech company, which offers a suite of essential tech solutions for mortgage origination and closing processes through digitization and automation; Lendesk, a technology services company that provides a point of sale system for mortgage professionals and a loan origination system for private lenders; and Edison Financial, a digital mortgage startup. In addition, the company originates, closes, sells, and services agency-conforming loans. Rocket Companies, Inc. was founded in in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. is a subsidiary of Rock Holdings, Inc.
NYSE:RKTLong
by DEXWireNews
1
3rd Time A Charm for RKT?RKT 15 min chart showing a very touchy level at the 786 fib line. If broken and held above, this would be the 3rd time that it has done so in a short period of time. But will it stick this time? Strong volume and price action on Aug 2nd. Upcoming earnings will likely determine the trend for RKT stock heading into the middle of H2 2021. You've also got a little bit of the "meme stocks" trend to keep in mind. RKT has been part of this a few times over the last few months as well. "Retail traders say, “I’m Not Leavin’,” as the hoard of Redditors began forming alliances. Subreddits like r/WallStreetBets, r/PennyStocks, and r/Stocks, all built massive followings of loyal members looking to collaborate, and, in some cases, commiserate with eachother and the market was the centerpiece...This mob mentality would ultimately stoke the fire that became the massive GameStop (NYSE: GME) short squeeze of 2021. The event would eventually spark interest in similar – or sympathy – trades like Express (NYSE: EXPR), BlackBerry Ltd. (NYSE: BB), and even Rocket Companies Inc. (NYSE: RKT). The new market niche of “meme stocks” actually sparked enough attention that a new ETF was created, VanEck Trust Social Sentiment ETF (NYSE: BUZZ)." Quote Source: Why Penny Stocks Are The Focus For Reddit Investors In 2021
NYSE:RKT
by PennyStocks101
RKT to move to $27 after Cup and handleRKT Current Price $20.67 Price Target $27 This is a value play with amazing long term growth potential given the technology RKT has that has attracted a young customer base.Trading at less than 10x FWD earnings RKT is very attractive here. The chart set up is also very important to note RKT is printing a cup and handle pattern which is a bullish signal. Rates have continued to fall on strong jobs numbers as deflation is now a real concern. A drop in rates helps RKT be able to provide more mortgages to people as mortgages look more attractive to potetinal buyers when rates are low. Last year RKT was able to provide 126% more mortgages, I expect this trend to continue for RKT.
NYSE:RKTLong
by Value-Invest
1