8/13/2023 0 Comments Rocket mortgage stock reddit![]() If inflation kicks in then the $300k condo today will be $400k in few years. In addition, mortgage rate is 3%, which makes owning a real-estate a great hedge against inflation. Which made me think about companies that profit with this hot real-estate market. In few areas that I am thinking of investing in real-estate the condos are gone within a week of listing, sometimes within a day. Try and buy a condo in a popular vacation spot, or places like Miami. Low rates, bored people, hot real-estate market has made people think of buying a new house or second home due to COVID-working from home. Seems like after the scare of COVID in Spring, the real-estate market has been hot, and consequently new mortgage loans have been sky high in 2020. Here is a brief DD on Rocket Mortgage (RKT) Most information to help you learn and practice can be found in our wiki. Related Subreddits (see the rules above for related subs as well) ![]() Read here for more info.Īlmost any post related to stocks and investment is welcome on /r/stocks, including pre IPO news, futures & forex related to stocks, and geopolitical or corporate events indicating risks outside this is offtopic and can be removed. Consider posting to r/SPACs, r/pennystocks, or r/weedstocks instead. No penny stock discussions, including OTC, microcaps, pump & dumps, low vol pumps and SPACs. Non-ETF-related Crypto goes on r/CryptoCurrencies info. No bitcoin or crypto discussions unrelated to stocks. Trolling, insults, or harassment, especially in posts requesting advice, will be removed. Posts regarding this topic will be automatically removed. The Robinhood app should be discussed in /r/Robinhood. ![]() Low effort mentions for meme stocks will be removed, see here. Instead, advertise here.Ĭontext & effort must be provided empty posts or empty posts with links will be automatically removed. Spam, ads, solicitations (including referral links), and self-promotion posts or comments will be removed and you might get banned. Rules (in depth rules wiki here)ĭisclose any related open positions when discussing a particular stock or financial instrument. Unlike GameStop, Rocket Companies had strong fundamentals: the company increased total revenue by 208% and net income by 948% in 2020, a significant growth from 2019, according to its earnings report released last week.Almost any post related to stocks is welcome please read the rules below:Ĭlick here to find how many days old your account needs to be and how much karma you need before you can comment or post to r/Stocks. We expect the shares to normalize and again trade on fundamentals, however the timing is uncertain.” “We noted our incrementally more positive view, but not good enough to support this move which is the third trading day after earnings. Wells Fargo analyst Donald Fandetti said that he believes the trading “reflects retail/Reddit activity like we’ve seen in other stocks recently,” according to CNBC. The same retail traders on the subreddit group WallStreetBets who last month were intent on taking down hedge-fund short sellers by buying shares of stocks that didn’t seem to have much of a chance of success - sending stocks, including GameStop, soaring (and then crashing) - are pushing Rocket. See: Learn from the GameStop Frenzy with This Quick Guide to Short Sellingįind: Hedging Your Bet? Everything You Need to Know About Hedge Funds As of Monday, 46% of its shares available for trading were being shorted, according to data-analytics firm S3 Partners. The Wall Street Journal notes that similar to GameStop, Rocket is heavily shorted. ![]() Rocket shares were down nearly 18% in early trading Wednesday, standing at $34 this morning. Shares of the company surged 71% to $41.60 on Tuesday, and nearly 377 million shares traded hands - more than a 10-fold increase from the previous day, according to The Wall Street Journal, adding that its trading was halted several times Tuesday afternoon because of its volatility. See: First GameStop…Now Nintendo? New Stock to Watch in 2021įind: 4 Investing Lessons the Pandemic Has Taught Us Retail investors on Reddit who powered stocks such as GameStop and AMC are boosting another company, Rocket Companies, sending its stock soaring yesterday. Omar Marques/SOPA Images/Shutterstock / Omar Marques/SOPA Images/Shutterstock
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