No matching results for ''
Tip: Try a valid symbol or a specific company name for relevant results
Bank of England
Work & Management
UK markets open in 5 hours 28 minutes
Wimbledon forever: 8 ace homes with tennis courts
Caught Wimbledon fever? Check out these homes currently on the market with tennis courts
Rocket Companies, Inc. (RKT)
NYSE - NYSE Delayed price. Currency in USD
Add to watchlist
At close: 04:00PM EDT
49,315 reactions on $RKT conversation
Sign in to post a message.
Rocket net income 2020: $9B 2021: $6B. Rocket's net income for a 2-year timeframe was $15B. The current market cap of Rocket is $14B. So, the company has zero value outside of that 2-year stretch? 36 years in business and growing market share and the company is selling for less money than it made over a 2-year period.
It is nice to see the share price has risen in the recent week although not by a lot. The past experience taught us that the share value can depreciates a lot faster in a matter of a couple of days. Personally, I won't be enthusiastic until $RKT' share price is doubled. Is the current rise due to the belief that the mortgage rates won't be affected significantly unless the FED wants to bring the housing market at halt? If so, then it signals the buying momentum while the mortgage rates reached its highest level in a decade and a half from its all time low of 2.65%. This appears to be a slow ride unless retail buyers realizes the opportunities in RKT or the mortgage market as a whole and be the catalyst for a buying frenzy. Look at Revlon It is time RKT leads the MEME pack in 2022.
"The stock (REV) soared 47.9% in afternoon trading Wednesday. It has now rocketed 359% since the day it filed for bankruptcy, and has blasted 666% higher off its June 13 record-low close." (MarketWatch via Dow Jones).
I have said multiple times in the past that selling puts would have been better below $8 than buying calls unless the stock trades around $6. However, writing puts around $7 and writing OTM calls would have a good reward when the mortgage stock are doing poorly and FED hikes rates. IMT, shorts keeping the share prices down till they close their position with big profits if possible. If we've reached the peak in terms of mortgage rates, then would they still keep the share price low or are they going to say (see REV) "you know, RKT is heavily shorted stock, I better slowly start buying it before anyone wakes up"? I am up to my neck and I said I ain't selling my shares, only writing puts and OTM calls. No doubt, It was a good decision this month.
Didn't RKT partner with Vroom??
Vroom up big today!
Had to buy more just to stay above a 50% loss. GL
How far down can they go until it's a good buy. Each day I think this is it, then down a little more.
Does anyone get a understanding that the company will buy all?
Looks like some news on RKT coming out.
Jay keeps buying!!! Another 56,000 shares this week😳
Jay bought more shares yesterday. This brings 20+ purchases of stock by him over the past 3 months with the purchases ranging from 300K to 600K each. He is putting his money where his mouth is. This isn't a small purchase just to appease onlookers, Jay is putting up 10M of his own money. He is wealthy but 10M is 10M!
Another 31000 shares for Jay F😳 June 17th!
$13B Market Cap. $10B in net income in 2020 alone. 36 years in business...EVERY year profitable. Wall Street hates mortgage stocks!
Just heard that RKT got alerted at (
). I hope it pushes us higher!
As I said before, owning Rocket is like being married to Amber Heard.
Adding more because this is an easy way to make money
whomever is not buying this at $7 really should get out of the investment game. start selling bananas🤠
everyone knows $RKT makes money hand over fist. Wall street rarely likes mortgage lenders. Regardless, we'll see the stock back to $20+ as interest rates continue to rise.
PE of 3🤯… yeah selling dollars for pennies
it is interesting how no one is willing to buy calls except [7/15 @5] which had a 1.3k volume today and open interest stands at 1k while the put [7/15 @6] had also 1.3k volume today but the open interest stands at 2.6k. Are they planning to push the share price further down, another 20%-25%, before 7/15? I mean if they do, the puts earnings will recover the premiums paid for calls. However the put volume is twice as large, so they can earn another 70%+ and they also get the opportunity to scoop up shares at cheaper price in order to close their short position. I have said prior to Q2 that the management should have made an offer to buy the floating shares after buying back 40M shares in the market. We wouldn't be where we are now.
I am down about 65% and it suspect this stock is going to take a while to turn around. I like the company but they have a lot of headwinds in front of them with interest rates and inflation. I think I could quickly recover my 65% loss easily in a leveraged energy ETF. I have a lot of quality company stocks down, so RKT isn't alone, 7 Million share purchase by CEO is a drop in the bucket for him.
Buying puts on this is my ONLY winner.
RKT is simply a mortgage company like so many others. With this economy and rates those businesses are in for some pain
Bear market: How to protect your investment portfolio against market turmoil
Yahoo Finance UK
State pension age increase doubles poverty rate among pensioners
Yahoo Finance UK
Post Office strikes: Workers to walk out over pay dispute
Yahoo Finance UK
© 2022 Yahoo. All rights reserved.
About our ads