Rocket Companies Inc (RKT)

[not one red cent ~NORC~]

Yep. Not many times we'll see a company report billions in profit, only to have the stock tank.

[The Cardiac Kid]

Problem is there is not really any bad news. All manipulative games.

[ClayTrader]

* * $RKT Video Chart 05-07-2021 * *

Link to Video - click here to watch the technical chart video

[not one red cent ~NORC~]

I had a feeling this was coming but didn't think it would go below IPO price

Looks like they will take this down between $19-$20

Possibly lower if any bad news hits the market.

GLTA

[ClayTrader]

* * $RKT Video Chart 05-06-2021 * *

Link to Video - click here to watch the technical chart video

[MonitoringStocks]

wtf?

[Stocker1]

Agree. Its seen this type of pullback several times and has recovered each time. The only thing that disappointed me on the call was it sounded like they have not bought back a single share.

Pretty happy on everything else.

They are sitting on a ton of cash

[not one red cent ~NORC~]

Company posts Billions in profit, not revenue but actual profits and the stock drops nearly 20%.

It's a mad mad mad mad world.

[Nivea67515]

Great long term buy here

[Nivea67515]

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.

[georgie18]

RKT...$19.54...in the P/M...

[Swimmingly]

Hedgies covering?

[ClayTrader]

* * $RKT Video Chart 05-05-2021 * *

Link to Video - click here to watch the technical chart video

[Stocker1]

Down more than 14% now INSANE!

[Stocker1]

Don't need or want them here.

[Stock_Dog]

They are gone.

[idccwin]

We need some help from the Reddit (Rocket) boys!!!!!!!!

[Stocker1]

Revenues rose 235.6% year/year to $4.58 bln vs the $4.19 bln S&P Capital IQ Consensus.

[Stocker1]

Earnings in line, crushed revenue. Dropping like a rock

[StockLogistics]

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

[StockLogistics]

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

[StockLogistics]

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

[StockLogistics]

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.

[ProfitScout]

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

[StockLogistics]

Best housing market ever the media said so clearly the media lied to the public imo

[Yield]

Wow that drop is insane, guess I’m picking up some at 20

[Stock_Dog]

Boooloo

[StockLogistics]

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

[StockLogistics]

Big internet attention on this stock today, buyers flooding in for a one day trade or short term calls, as per WSB

[Stock_Dog]

Today is the big day. ????????????????

[Stocker1]

Tomorrow big day. Earnings after close.

[EternalPatience]

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...

[Stocker1]

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.

[gr8investment]

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

[Stocker1]

There you are! Hiding in the shadows.

Nothing new here, trading a penny back and forth

[gr8investment]

Just quietly holding here...wake me up at $50

[Stock_Dog]

Off we go!

[Stock_Dog]

I think this is waiting till after 2pm to do anything . Might be a good time to load up

[stock1ace1]

Earnings next week shorts gonna cover before may 5th !

[georgie18]

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 ...

[stock1ace1]

23.20 *** 50ma break p/m short squeeze alert !

[StockLogistics]

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

[stock1ace1]

*** 50MA break Watch Cramer Said Its A Buy ***

[StockLogistics]

Got it exactly correct

[StockLogistics]

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

[StockLogistics]

Close above 22.76 confirms longer term reversal to upside imo

[StockLogistics]

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

[Stock_Dog]

Only time will tell. I’m ready to play

[Stocker1]

Well that in itself will end any run. Hope is always crushed here.

[Natureboy1]

Is it safe to come out to play again? Are the hedge fund bullies all gone now? Tired of getting my lunch money stolen.