Core Viewpoint - The real estate market remains expensive, causing hesitation among investors regarding RKT stock and the mortgage financing service sector [1][2][14] Group 1: Market Conditions - Inflation has caused prices to rise significantly, and lower interest rates may not effectively address the housing affordability crisis [2] - Rocket Companies (NYSE:RKT) has seen a nearly 17% increase in stock price over the past five sessions, alongside gains for related companies like Re/Max and Redfin [4] Group 2: Investment Strategy - The J-Hook technical analysis pattern suggests that RKT could be a potential upside opportunity, indicating a cyclical pattern of price movement [5][11][15] - A recommendation is made to buy near-expiry RKT stock call options, particularly the 2024 Aug. 2 $16 call, in anticipation of a potential Federal Reserve monetary policy shift [7][10] Group 3: Risks and Considerations - The options market for RKT is characterized by low volume and high volatility, with a significant bid-ask spread of 14.28% noted [8] - The upcoming Federal Reserve policy meeting at the end of July could influence RKT stock, with speculation of a dovish pivot potentially driving prices higher [12]

AUBURN HILLS, Mich., June 24, 2024 /PRNewswire/ -- The Jeep® Wagoneer S Launch Edition, the Jeep brand's fully electric global vehicle that will first arrive in the U.S. later this year, will be making its first public appearance during this year's Rocket Mortgage Classic. The sixth-annual PGA TOUR golf tournament will be held June 25-30 at the historic Detroit Golf Club. Tickets for Thursday-Sunday are available at www.RocketMortgageClassic.com. The Jeep brand will have a display at "The Grove" on site of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1050 Woodward Avenue, Detroit, MI 48226 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ...

Rocket Companies has hired Thomson Reuters veteran Shawn Malhotra as its first chief technology officer (CTO).In this newly created role, Malhotra will oversee the development and implementation of artificial intelligence (AI), data science, product engineering, technology operations, information security and other areas across the firm’s ecosystem, Rocket Companies said in a Monday (May 6) press release.Rocket Companies’ brands include Rocket Mortgage, Rocket Homes, Amrock, Rocket Money, Rocket Loans, Rock ...

Malhotra is a proven technology leader with decades of experience in engineering, product development and AI strategy for tech and media companies, including Thomson Reuters, Intel and QualcommDETROIT, May 6, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial service businesses, today announced Shawn Malhotra as its first ever group Chief Technology Officer (CTO), effective May 6, 2024.In this role, Malhotra will ...

Rocket Companies, Inc. (NYSE:RKT) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Sharon Ng - VP of IR Varun Krishna - CEO Brian Brown - CFO Conference Call Participants Ryan Nash - Goldman Sachs Jeff Adelson - Morgan Stanley Mark DeVries - Deutsche Bank Derek Sommers - Jefferies Brad Capuzzi - Piper Sandler Operator Thank you for standing by. My name is Jay, and I will be your conference operator today. At this time, I would like to welcome everyone to the Rocket Companies' Inc ...

Rocket Companies Announces First Quarter 2024 Results DETROIT, May 2, 2024 – Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit- based fintech platform company including mortgage, real estate and personal finance businesses, today announced results for the first quarter ended March 31, 2024. "Rocket entered 2024 with strong momentum. I'm incredibly proud of our team's performance in Q1, as we accelerated top-line growth for the third straight quarter and achieved our highe ...

Wall Street analysts forecast that Rocket Companies (RKT) will report quarterly earnings of $0.01 per share in its upcoming release, pointing to a year-over-year increase of 116.7%. It is anticipated that revenues will amount to $1.02 billion, exhibiting an increase of 53.1% compared to the year-ago quarter.Over the last 30 days, there has been a downward revision of 5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsiderati ...

AI-based tool saves team members approximately 60,000 total hours annuallyDETROIT, April 23, 2024 /PRNewswire/ -- Rocket Mortgage, America's largest retail mortgage lender and part of Rocket Companies (NYSE: RKT), today unveiled its latest technology innovation: Rocket Logic – Synopsis. This new tool leverages generative AI to listen to, transcribe and search client calls, analyze sentiment and record client patterns and preferences, creating bespoke experiences for the company's millions of current and pot ...

Harnessing the power of social media, dreamers and their biggest advocates come together in support of Habitat for Humanity to help everyone experience homeDETROIT, April 16, 2024 /PRNewswire/ -- Rocket Mortgage, the official mortgage partner of the 2024 NFL Draft and a champion of those dreaming of homeownership, today announced the launch of its "Dreammate" campaign – an inspirational, multi-media campaign celebrating the NFL Draft. Rocket Mortgage 2024 NFL Draft "Dreammate" Campaign Through the "Dre ...