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.
$RKT Rocket Companies. Bull flag ? Rocket companies made some huge moves after a very good set of results and are now consolidating in what might be a bulls flag. Waiting for confirmation.
RKT keeps moving higher into earningsWe are now in a channel. No reason to believe it will break higher or lower before earnings at the moment.
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..
RKT: Still Expect More Support LevelsBelieve it or not, I still expect RKT to receive higher support levels than it currently has. Overall, I'm projecting a long w/ a potential 1 year target of at least $50 w/ stable growth correlations. That is highly conservative. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
$RKT IPO Winner?We've been long this name since $19 dollars, we continue to believe this company will be worth 5-10x IPO value in the coming years! LONG TERM HOLD
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
RKT Mortgage about to take off!IPO’d a month ago, they report for the first time on 9/2/2020.
Housing starts were very good this morning. Up expectedly by 22%, and RKT is like the “Carvana” for Mortgages apparently
RKT to the moon? Low IR play.Rocket mortgage embodies more of a tech play then a financial IMO. Volume, short-term interest, technicals, and market sentiment suggests this will test $26 before earnings. Volatile play... trade smart.
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..
Just what i think will happen. Wish i could gett more meningfull infornation about this company.
Seems kinda quiet for an IPO.
Rocket Companies- Symbol: RKT Initial Projection- LongShort Term View of RKT before a reset for the new stock.
Looking to Long RKT on confirmed breakout over $25 I've traded this 2 times, first entry was at $20.18 and was out at on the reversal break of $25. Jumped in again at $23.62 and now looking to see RKT hold the $24.50 zone as support for a breakout over $25. If so, PT is $29.24.
