Latest news with #RocketCompanies
Business Insider
12 hours ago
- Business
- Business Insider
Daily stock watch: WallStreetBets has got people watching Kohl's
Kohl's shares rose 2% before the opening bell after a 38% surge on Tuesday. Increased Reddit chatter about Kohl's high short interest fueled the stock's rise. Krispy Kreme, Rocket Companies, Lockheed Martin, and NIO also saw notable premarket moves. Kohl's, Krispy Kreme, Rocket Companies, Lockheed Martin, and NIO are catching the interest of investors. This is where they were trading premarket at 7 a.m. ET Wednesday — and what's driving the moves. 1. Kohl's The move: The department store giant was down 0.4% to $14.29 after jumping about 38% by the close on Tuesday. Why: The stock surged after chatter on WallStreetBets Reddit thread about Kohl's stock's high short interest, which prompted retail investors to pour in. 2. Krispy Kreme The move: The doughnut chain soared almost 20% to $4.96 per share, bringing total gains since the beginning of the week to over 50%. Why: Discussions across Reddit, X, and other platforms about a potential short squeeze have fueled interest in Krispy Kreme, despite its first quarter results, its most recent, showing a 15% decline in revenue year-on-year. 3. Rocket Companies The move: Rocket Companies surged more than 6% to $17.07 per share following an increase of about 6% on Tuesday. Why: The Detroit -based financial services firm is set to announce its results for the second quarter next week. Analysts expect the company to report a boost in earnings after closing its acquisition of Redfin. 4. Lockheed Martin Corporation The move: The American defense and aerospace manufacturer was up nearly 1% to $414.05 a share after falling 11% by Tuesday's close. Why: Lockheed Martin reported an 80% fall in profits in its second quarter on Tuesday. It said it lost $1.6 billion to pretax charges connected to a classified defense program. 5. NIO The move: The Shanghai-headquartered, NYSE-listed EV maker rose 4% to $5.20 a share, having shot up almost 11% on Tuesday. Why: Shares rose after the company started letting Chinese customers test drive a new SUV on Tuesday. The car is to officially launch at the end of July.
Yahoo
a day ago
- Business
- Yahoo
Rocket Companies (RKT) Soars on Day 4 Ahead of Q2 Earnings
We recently published . Rocket Companies, Inc. (NYSE:RKT) is one of Monday's biggest gainers. Rocket Companies grew its share prices for a fourth day on Monday, adding 7.51 percent to close at $15.04 apiece as investors loaded up positions ahead of the release of its second quarter earnings performance. In a statement last week, Rocket Companies, Inc. (NYSE:RKT) said it was set to announce its financial and operating highlights for the period on July 31, 2025. A conference call to discuss the results will be held at 4:30 PM Eastern Time. For the second quarter of the year, Rocket Companies, Inc. (NYSE:RKT) said it expected revenues to settle anywhere between $1.175 billion and $1.325 billion. In the first quarter, Rocket Companies, Inc. (NYSE:RKT) swung to a net loss of $212 million from a $291 million net income in the same period last year. A businessperson using a laptop to review the details of a mortgage loan for a client. Total revenues were also lower by 25 percent to $1.037 billion from $1.384 billion year-on-year. Investors will be closely watching out for Rocket Companies, Inc.'s (NYSE:RKT) updated outlook for the rest of the year following its successful acquisition of Redfin Corp. and Mr. Cooper Group Inc. While we acknowledge the potential of RKT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
2 Stocks to Invest in the Stock Market's Hidden $35 Trillion Opportunity
Key Points Homeowners in the United States are sitting on $35 trillion in home equity. Many people aren't tapping into their equity because of persistent high interest rates. This could be a massive opportunity for companies involved with home equity loans. 10 stocks we like better than Rocket Companies › The artificial intelligence boom is a multitrillion-dollar investment opportunity, without question. But it isn't the only one. A massive opportunity in the real estate sector could be hiding in plain sight. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes Consider this. After a surge in mortgage refinancing in the 2020-2021 timeframe, interest rates soared, and refinancing volume dried up. With the majority of U.S. homeowners having mortgage rates under 5%, it no longer made financial sense to refinance at 7% or higher in order to tap into home equity. The combination of extremely low mortgage refinancing and home equity loan volume and the fact that home values have risen sharply in the past five years has left homeowners with tons of "paper" wealth. In fact, U.S. homeowners are sitting on $35 trillion in home equity, an all-time high. And if mortgage rates start to thaw, it could lead to a surge in refinancing volume that goes well into the trillions of dollars. With that in mind, here are two top stocks that could be big winners of this $35 trillion market opportunity if interest rates finally start to come down. A mortgage giant that makes refinancing easy Rocket Companies (NYSE: RKT) is the No. 1 mortgage originator in the United States, and a surge in refinancing volume could be a huge catalyst. In the most recent quarter, Rocket closed on $26.1 of loan origination volume. In the same quarter in 2021, when rates were low, the volume was $103.5 billion, and refinancing was a major driver. Now, I'm not saying that we're going to see a 2021-style refinancing boom anytime soon, but if rates fall we could certainly see a spike in Rocket's total volume. However, even if we don't get a surge in refinancing, there's a lot to like about Rocket. The company is aggressively building an all-in-one real estate platform with the goal of bringing the entire home buying and selling process into the digital age. It recently closed on its acquisition of real estate technology company Redfin and has a pending acquisition of leading mortgage servicer Mr. Cooper (NASDAQ: COOP). Rocket already boasts a 97% client retention rate, and it is clearly good at what it does. An all-in-one real estate technology ecosystem that creates the most seamless experiences in the industry when it comes to selling, financing, buying, moving, servicing, and more could be huge. Plus, just because Rocket is a massive mortgage originator doesn't mean it can't grow further. The mortgage market is a highly fragmented one, with the top 10 players having less than one-fourth of the market combined. With $5 trillion to $6 trillion in homes selling in the United States in a typical year, if Rocket can grow its market share by even a few percentage points, it would be a big deal. That's especially true if interest rates fall and overall volume soars. A better way to approve HELOCs Upstart (NASDAQ: UPST) has a simple mission that solves a big problem. The company aims to do a better job of predicting whether a loan will be repaid, compared with the traditional FICO credit scoring model. It does this by looking at thousands of data points and their correlation with creditworthiness, and the data shows that the platform has been successful. So far, Upstart's business has mostly consisted of originating unsecured personal loans on behalf of bank partners. In the first quarter, about 95% of Upstart's origination volume was in this category. However, the company is aggressively building two new lending verticals -- auto loans and home loans (specifically home equity lines of credit, or HELOCs) -- and the early results are impressive. Auto loan volume and home loan volume increased by 42% and 52%, respectively, on a sequential basis in the first quarter. And both are massive market opportunities that could be helped if interest rates start to fall. However, the HELOC opportunity is simply massive. Upstart's annual run rate of HELOC borrowing capacity origination is currently about $160 million, which is a minuscule fraction of the multi-trillion-dollar opportunity. If Upstart can even get a percent or two of the HELOC market, and falling rates lead to surging demand, it could be a major win for shareholders. A $35 trillion opportunity hiding in plain sight To be sure, even if mortgage rates plunge, homeowners aren't going to tap into all of their available equity, or even close. But it's entirely possible that we'll see trillions of dollars of additional HELOC and refinancing volume once rates become a little more cooperative. There are many companies that could benefit from this, including banks, retailers, mortgage originators, and many others. In fact, an injection of several trillion dollars into the U.S. economy would be an event that fits into the "rising tide lifts all ships" category. Having said that, Rocket and Upstart are two well-run businesses that could be especially big winners if Americans start using their home equity once again. Should you invest $1,000 in Rocket Companies right now? Before you buy stock in Rocket Companies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rocket Companies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $679,653!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,046,308!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025 Matt Frankel has positions in Rocket Companies and Upstart and has the following options: short December 2025 $95 calls on Upstart. The Motley Fool has positions in and recommends Upstart. The Motley Fool has a disclosure policy. 2 Stocks to Invest in the Stock Market's Hidden $35 Trillion Opportunity was originally published by The Motley Fool
Yahoo
6 days ago
- Business
- Yahoo
Rocket Companies to Announce Second Quarter 2025 Results on July 31, 2025
DETROIT, July 17, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, today announced that the Company will issue its second quarter 2025 earnings on July 31, 2025. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date and a press release detailing the Company's results will be issued prior to the call. A live webcast of the event will be available on the "Events & Presentations" section of the Company's Investor Relations website at A replay of the webcast will be available on the Investor Relations website following the conclusion of the event. About Rocket Companies Shop Top Mortgage Rates A quicker path to financial freedom Your Path to Homeownership Personalized rates in minutes Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based fintech platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Rocket Homes, Rocket Close, Rocket Money and Rocket Loans. With insights from more than 65 million calls with clients each year, 14 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled home ownership. Known for providing exceptional client experiences, J.D. Power has ranked Rocket Mortgage #1 in client satisfaction for primary mortgage origination and mortgage servicing a total of 22 times – the most of any mortgage lender. For more information, please visit the Company's Corporate website or Investor Relations website. View original content to download multimedia: SOURCE Rocket Companies, Inc. Sign in to access your portfolio
Yahoo
10-07-2025
- Business
- Yahoo
Rocket Companies, Inc. (RKT): A Bull Case Theory
We came across a bullish thesis on Rocket Companies, Inc. on by Zipper. In this article, we will summarize the bulls' thesis on RKT. Rocket Companies, Inc.'s share was trading at $14.22 as of June 27th. RKT's trailing and forward P/E ratios were 711.00 and 55.25, respectively, according to Yahoo Finance. A close-up of a homeowner signing a mortgage document in a residential setting. Rocket Companies (RKT), the largest direct-to-consumer mortgage originator in the U.S., stands poised to benefit from multiple cyclical and structural tailwinds. Refinance originations, RKT's stronghold, are currently at trough levels, but with ~20% of U.S. mortgages bearing rates over 6%, the potential for a sharp rebound is high as interest rates decline. This positions RKT as a countercyclical opportunity in a slowing economy. The acquisition of Mr. Cooper's (COOP) servicing portfolio, expected to close in Q4 2025, provides RKT with a sizable base of refinance-ready borrowers, leveraging its industry-leading recapture rate. Management's conservative synergy guidance of 3.5% of pro forma net income could prove understated, with potential upside to 12% amid current rates. Coupled with the acquisition of Redfin (RDFN), which enhances RKT's ability to penetrate the less cyclical home purchase market via control of a leading listing platform, RKT's business becomes more diversified and less rate-sensitive. Pro forma, revenue will be split across originations (44%), servicing (28%), and personal finance, title, and other sources (28%), creating a more stable, higher multiple business. The combined deals also boost public float from ~7% to ~50%, paving the way for index inclusion and broader investor interest. Valuation reflects asymmetric upside: downside sits at ~$8.30/share (2x tangible book), while upside could reach $21.64/share with full synergy realization, and base case sits at $18/share by YE 2025. Risks include prolonged high rates and integration hurdles, but near-term catalysts—deal closings, synergy realization, and float expansion—offer a compelling investment case with substantial upside. Previously, we covered a bullish thesis on Rocket Companies, Inc. by Unemployed Value Degen in December 2024, which highlighted the company's potential to benefit from a home equity loan boom and its resilient servicing income. The company's stock price has appreciated by approximately 0.3% since our coverage. The thesis still stands. Zipper shares an identical thesis but emphasizes M&A-driven diversification and synergy realization. RKT isn't on our list of the 30 Most Popular Stocks Among Hedge Funds. While we acknowledge the risk and potential of RKT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey.
