ISHP - Hold: Rocket Companies Is Far From Its Doomsday

May, 18 2022 05:00 PM First Trust S-Network E-Commerce ETF

Rocket Companies is the largest player in the mortgage realm, which has taken the lead in the market through its innovative tech-based approach.
The current macroeconomic climate threatens to bring mortgage financiers to their knees and has not left industry giants immune.
RKT took a heavy hit in the recent quarterly earnings, in terms of its loan origination, net profit, and adjusted EBITDA.
Despite the poor performance, valuation metrics still show positivity amongst the market in relation to RKT.

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Company Name:	First Trust S-Network E-Commerce ETF
Stock Symbol:	ISHP
Market:	NASDAQ