Josh Brown Says Rocket Companies (RKT) an ‘Obvious’ Buy for Rate Cut Environment
From Yahoo Finance: 2025-04-28 09:48:00
Rocket Companies Inc (NYSE:RKT) is highlighted among 10 stocks to watch as trade wars begin. Analyst Bill Strazzullo predicts the S&P 500 could drop to 4,500 to 4,100 before hitting bottom. Strazzullo emphasizes that the market’s gains from pandemic days are exhausted.
Josh Brown, CEO at Ritholtz Wealth Management, sees Rocket Companies Inc (NYSE:RKT) as a strong buy in a rate cut environment. Brown believes the company is well-positioned to benefit from potential interest rate cuts, leading to a refinance boom and increased activity in the real estate market.
Seven Corners Capital notes Rocket Companies Inc (NYSE:RKT) surged 32% year-to-date. While RKT ranks 10th in stocks to watch amid trade wars, there’s a focus on under-the-radar AI stocks potentially offering higher returns. Investors are directed towards a report on a promising AI stock trading at less than 5 times earnings.
Hedge funds’ interest in Rocket Companies Inc (NYSE:RKT) is evident, with 27 investors involved. Brown highlights Rocket’s recent acquisitions and strategic positioning to capitalize on potential mortgage rate decreases. The company is seen as benefiting significantly from a refi boom and increased consumer mortgage activity.
Read more at Yahoo Finance: Josh Brown Says Rocket Companies (RKT) an ‘Obvious’ Buy for Rate Cut Environment