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Rocket Companies, Inc.Rocket Companies, Inc.Rocket Companies, Inc.

Rocket Companies, Inc.

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RKT trade ideas

RKT to move higher before earningsU shaped recovery. Potential cup and handle in formation here. Q2 earnings coming up on September 2nd. I think this stock will run up before earnings as expectations will be high. This company is profitable and business has never been better. CEO said that they are more profitable when volumes are high which I think will be the case. This is a mortgage company trying to obtain a tech valuation. Not sure it will get a tech valuation but good earnings will drive this stock higher.
NYSE:RKTLong
by vlions12
Rocket Companies Inc UpdateAs you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets. The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's a HUGE order block nicely positioned down below waiting to be touched for the very 1st time... dare I say like a virgin. j/k I'm interested in $19.90 - $20.46 IF price reaches it! We all shall see..
NYSE:RKT
by ChrisJTradesFX
2
RKT Jumps After Pre-Announcing 437% Revenue GrowthRKT Jumps After Pre-Announcing 437% Revenue Growth Rocket Companies Announces Preliminary Second Quarter Results -Closed loan origination volume of $72.3 billion increased 40% compared to the first quarter of 2020 and 126% compared to the second quarter of 2019 -Total net revenue of $5.0 billion increased 269% compared to the first quarter of 2020 and 437% compared to the second quarter of 2019 -Net rate lock volume was $92.0 billion, an increase of 64% compared to the first quarter of 2020 and 170% compared to the second quarter of 2019 -Gain on sale margin was 5.19%, up from 3.25% in the first quarter of 2020 and 3.22% in the second quarter of 2019 -Net income was $3.5 billion compared to net income of $97 million in the first quarter of 2020 and a net loss of $54 million in the second quarter of 2019 -Adjusted revenue of $5.3 billion increased 152% compared to first quarter 2020 and 300% compared to second quarter 2019 -Adjusted net income was $2.8 billion, an increase of 335% compared to first quarter 2020 and 995% compared to second quarter 2019 -Adjusted EBITDA of $3.8 billion grew 317% compared to the first quarter of 2020 and 868% compared to the second quarter of 2019 finance.yahoo.com finance.yahoo.com
NYSE:RKT
by AlenCiken
Rock Companies IncI should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price. I'll be paying attention to Price Action to leave the necessary clues needed for me to react. Yesterday's P.A. had breached a level ($20.31) and today it's below it so that opening price is starting to look even better to me. We shall see..
NYSE:RKT
by ChrisJTradesFX
6