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0 0 -0.00296159926360237 -0.000960518680087141 -0.00296159926360237 4.00216116703864E-05 4.00216116703864E-05 4.00216116703864E-05
Stock impact report

Rocket Companies (RKT) Stock Jumps 8.4%: Will It Continue to Soar? [Yahoo! Finance]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Yahoo! Finance
This compares to the stock's 11% loss over the past four weeks. Shares of Rocket Companies moved sharply higher yesterday after CEO Varun Krishna said the company is on track to deliver its highest mortgage loan production in four years, signaling a recovery in mortgage demand. The upbeat commentary lifted investor sentiments. Earlier in January, President Donald Trump announced plans for large-scale purchases of U.S. mortgage bonds aimed at lowering mortgage rates and easing housing affordability. As a result, reduced borrowing costs are expected to support refinancing and home-purchase activity, driving higher origination volumes for RKT. This company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +125%. Revenues are expected to be $2.24 billion, up 88.5% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirica Show less Read more
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