Advertisement

Is Rocket Companies a Buy Even if the Stock Market Crashes?

Is Rocket Companies a Buy Even if the Stock Market Crashes?

Rocket Companies (NYSE: RKT) made its public debut in early August with much promise. After pricing its IPO at $18 a share and raising $1.8 billion in cash, optimism surrounding the parent of Quicken Loans and Rocket Mortgage sent the stock price nearly 50% higher by the start of September -- only for it to be grounded again after its second-quarter 2020 earnings report failed to fuel further upside.