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Take this down to $15 —— if they are gonna tank it then tank it hard so we all can get load up under the IPO price of $18 and get rich like Danny and his mortgage crew from Rock financial.
Hedgies covering?
* * $RKT Video Chart 05-05-2021 * *
Link to Video - click here to watch the technical chart video
Don't need or want them here.
We need some help from the Reddit (Rocket) boys!!!!!!!!
Revenues rose 235.6% year/year to $4.58 bln vs the $4.19 bln S&P Capital IQ Consensus.
Earnings in line, crushed revenue. Dropping like a rock
Every writer and analyst and anyone who stated data that traders could trade off abo urn the housing market is proven liar never to be trusted again, all of their comments down the toilet
That the federal reserve allowed the humiliation of the symbol of real estate success in the US says a lot about where the US economy is heading, what an absolute joke
The puts and the shorts are happy but net a negative for society and that is a society those shorts live in as well so the smile on their face won’t last too long with the clown show they created
The US market in general has embarrassed itself with this stock, 60 days sideways in what was supposed to be a big time housing market and EPS miss by one cent down 12 % on 4 billion in revenue, absolutely embarrassing for the U.S.
Rocket Companies Announces First Quarter Results
Wed, May 5, 2021, 4:05
- Grew revenue, net to $4.6 billion, up 236% year-over-year
- Increased Adjusted Revenue to $4.0 billion, up 91% year-over-year¹
- Grew net income to $2.8 billion, up 28x year-over-year
- Increased Adjusted Net Income to $1.8 billion, up 170% year-over-year¹
DETROIT, May 5, 2021 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real estate, mortgage and eCommerce businesses – including Rocket Mortgage, Amrock, Rocket Homes and Rocket Auto – today announced results for the quarter.
Jay Farner, Rocket Companies' Vice Chairman and CEO, stated, "The combination of our technology platform and Rocket Cloud Force of highly trained professionals, continues to deliver scalability and a client experience that is unmatched. In fact, this was the sixth consecutive quarter where our team was able to double the company's home loan volume year-over-year.While the mortgage business continues to perform – with March producing our highest-ever purchase application volume – we also had success in our other verticals. Rocket Auto increased the number of vehicles it sold 65% compared to this time last year, Amrock achieved its highest level of closings in company history with an increase of 110% from the first quarter of 2020 and Rocket Homes increased the average monthly visitors on its website by more than 300% versus Q1 last year. Our flywheel only continues to accelerate as we look forward to the second quarter and the rest of 2021."
News Link:
https://finance.yahoo.com/news/rocket-companies-announces-first-quarter-200500839.html
Best housing market ever the media said so clearly the media lied to the public imo
Wow that drop is insane, guess I’m picking up some at 20
Imo retail buyers at the open offset any hedgefunds selling at the open, therefore that selling pressure should be removed and now limited to margin traders trying to flip throughout the day, in theory
Big internet attention on this stock today, buyers flooding in for a one day trade or short term calls, as per WSB
Today is the big day. ????????????????
Tomorrow big day. Earnings after close.
We are planning to rename the stock ticker to SBM and the company name to Submarine mortgages ... Requesting all shareholder to vote Yes for the same...
Well a lot of updated forecasts to the upside, but we know how earning blowouts correlate to RKT price.
Pessimistically watching. Like a groundhog, poke my head out, yep still cold. Back to sleep.
Ever seen the movie? Yep it’s like living the same day over and over here. 1 cent up, 2 cents back, 2 cents up, 1 cent back.
Just an opinion.
Lol yup...I'm so used to the inverse of today's action...I think we hold or go up for earnings...with housing how it is I don't know how rkt doesn't post some INSANE numbers
There you are! Hiding in the shadows.
Nothing new here, trading a penny back and forth
Just quietly holding here...wake me up at $50
I think this is waiting till after 2pm to do anything . Might be a good time to load up
Earnings next week shorts gonna cover before may 5th !
RKT...$22.90...Descending Triangle Breakout on the Bollie Squeeze...Macd Crossed Positive...
Back in on this Pattern with a starter...will add accordingly...up or down...
Chart...https://schrts.co/yqYDAhPR ...
23.20 *** 50ma break p/m short squeeze alert !
This is first time RKT exiting oversold territory on the one month chart since the run to 44, my opinion is that RKT usually will dip once back into oversold before a larger run up, that is what I’m looking at technically, a down day or more back into oversold slightly before a larger move north imo
*** 50MA break Watch Cramer Said Its A Buy ***
Got it exactly correct
5 day chart no longer in previous pattern of being oversold for 4 days in a row, the sellers have more doubt now that will increase with each day even as interest rates move higher, since the unknown of refinance revenue cannot be predicted as being less than the previous quarter, and furthermore this week in particular should be big for refinances below 2% on the 10 yr looking towards next earnings
Close above 22.76 confirms longer term reversal to upside imo
Reddit stocks are up maybe they will realize Rocket is a legit company, Gilbert rebuilding Detroit and paying property taxes will gain customers for Rocket and should attract increasing good will interest from Redditors eventually imo
Only time will tell. I’m ready to play
Well that in itself will end any run. Hope is always crushed here.
Is it safe to come out to play again? Are the hedge fund bullies all gone now? Tired of getting my lunch money stolen.
I added more. We will see what happens.
Real estate demand is off the charts that home builders could not keep up ... but those supply issues will be corrected and tons of homes will be built this spring and summer starting now, as the rumor is the pandemic is ending in the US, pandemic related real estate issues overseas does not affect RKT except to BOOST foreign investment in US real estate, another net income increase price projection between 30 and 40 as these factors become more obvious and promoted on CNBC all imo
Earnings will be boosted by massive amount of refinances as rates set to go higher with infrastructure plan, even if they do real estate is still going to be best investment to avoid capital gains during Biden’s term(s)
Stock will increase as people realize that capital gains doesn’t affect home real estate and can easily be deducted by new buyers, once the tax increase goes through or at least as long as the rumor that will occur exists, real estate will be the best business investment that exists other than foreign companies and long term collectibles
Not getting my hopes up.
$RKT News: Rocket Companies Announces First Quarter 2021 Earnings Date
DETROIT, April 21, 2021 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based holding company consisting of tech-driven real estate, mortgage and financial services businesses – including Rocket Mortgage, Rocket Homes and Rocket Auto – today announced the Company will issue its first quarter 2021 earnings on May 5, 2021. Management will host a conference call to discuss results at 4:30 p.m. ET on this 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 online at http://www.ir.rocketcompanies.com, or by navigating to Rocket Companies' 1Q Earnings Call Webcast. A replay of the webcast will be available on the Investor Relations website following the conclusion of the event. If you are having issues viewing the webcast, please see the event help guide.
About Rocket Companies
Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. Rocket Companies offers an industry-leading client experience powered by our simple, fast and trusted digital solutions. Rocket Companies has approximately 24,000 team members across the United States and Canada. Rocket Companies ranked #5 on Fortune's list of the "100 Best Companies to Work For" in 2021 and has placed in the top third of the list for 18 consecutive years. For more information, please visit our Corporate Website, Investor Relations Website, Twitter page, and our LinkedIn page. For more information, please visit our Corporate Website, Investor Relations Website, Twitter page, and our LinkedIn page.
Investor Relations Contact:
Sharon Ng
ir@rocketcompanies.com
(313) 373-7990
Media Contact:
Aaron Emerson
aaronemerson@rockcentraldetroit.com
(313) 373-3035
https://c212.net/c/img/favicon.png?sn=DE49914&sd=2021-04-21 View original content to download multimedia:http://www.prnewswire.com/news-releases/rocket-companies-announces-first-quarter-2021-earnings-date-301273672.html
SOURCE Rocket Companies, Inc.
In defense of "the greedy" 95%. Clearly they are protecting themselves from exposure to the street.
Some more than others
Space Mountain! Here we come!
Had to pick something higher than the moon.
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