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Stock impact report

A Look At Rocket Companies (RKT) Valuation After US Mortgage Securities Purchase Lifts Sentiment [Yahoo! Finance]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Yahoo! Finance
The recent U.S. decision to purchase US$200 billion of mortgage backed securities quickly put Rocket Companies (RKT) on investors' radar, as lower mortgage rates can lift refinancing volumes and overall mortgage activity. See our latest analysis for Rocket Companies. That policy move has arrived on top of a strong run for Rocket Companies, with a 30 day share price return of 21.80%, a 90 day share price return of 36.38% and a 1 year total shareholder return of 106.90%. This suggests momentum has been building around expectations for higher mortgage activity and changing views on risk around the stock. If this kind of housing related story has your attention, it could be a good moment to widen your radar with auto manufacturers as another pocket of the market tied to consumer spending and credit conditions. With Rocket Companies at US$23.24, mixed analyst targets around US$21.57 and strong recent share returns, the big question now is whether recent enthusiasm leaves the stock Show less Read more
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