Why RKT not rocketing higher?
Bull Case:
Technically:
1. AO divergence
2. Stoch oversold
3. Vol spike
4. Consolidation / Accumulation between 20-21
Fundamentally:
5. Forward P/E 11
6. 60% institutional ownership (croweded?)
Last Earnings results:
-Closed origination volume up 122% year-over-year to a record $89.0 billion
-Increased GAAP net income 506% year-over-year to $3.0 billion
-Announces $1 billion share repurchase authorization
-“Rocket Companies assisted more clients in the third quarter of 2020 than any quarter in our 35-year history,” said CEO Jay Farner.
Bear Case:
I cant find any. You tell me.
Housing is hot now
IPOs are hot too
Why isn't RKT much higher?
Technically:
1. AO divergence
2. Stoch oversold
3. Vol spike
4. Consolidation / Accumulation between 20-21
Fundamentally:
5. Forward P/E 11
6. 60% institutional ownership (croweded?)
Last Earnings results:
-Closed origination volume up 122% year-over-year to a record $89.0 billion
-Increased GAAP net income 506% year-over-year to $3.0 billion
-Announces $1 billion share repurchase authorization
-“Rocket Companies assisted more clients in the third quarter of 2020 than any quarter in our 35-year history,” said CEO Jay Farner.
Bear Case:
I cant find any. You tell me.
Housing is hot now
IPOs are hot too
Why isn't RKT much higher?
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