2024-03-20 02:26:33 ET
Summary
- RKT's latest quarterly report showed improving profitability and market share gains despite ongoing weakness in the housing market.
- The company is well-positioned to benefit from an eventual recovery in the demand for mortgage originations and refinancing.
- We are cautiously bullish on RKT as a segment leader with overall positive fundamentals.
Rocket Companies Inc. ( RKT ) is attempting to navigate the challenging housing market where decade-high interest rates have pressured mortgage originations and refinancing activity....
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Rocket Companies: Market Share Gains Support A Positive Outlook