Rocket Companies is set up to benefit from a short-term bond bounce that would bring down long-end yields. Pension funds' quarterly rebalancing this week should buy bonds and sell stocks, and a 70% priced probability of an October hike leaves room for a bounce. A dovish PCE surprise, which BofA said might come from a methodology change, would add support. Rocket's weekly chart shows a good entry point, and the MOVE bond-volatility index has started to retrace, a good sign. x.com  x.com 

The market looks further ahead than today's weak housing conditions, so Rocket Companies and Zillow look bottomed. Both appear poised for big runs despite how bad the housing market remains. x.com 

Rocket Companies is uninvestable while the 10-year Treasury yield and mortgage rates keep rising. It could be worth owning when the time is right, but it is still too early. x.com 

Rocket Companies' underlying platform is worth far more than its price, which looks like under 10x earnings power. Its mortgage servicing rights are exposed to rate hikes and credit, and the stock swings with rates, but management can largely shape earnings. @BoxLongs sees a big TAM and notes ValueAct's involvement, with the rate-driven selloff a reload point, though a sharp market drop could take it to $10-12. x.com  x.com 

Analysts' average 12-month targets sit far above current prices, implying massive upside for six stocks. The implied gains are 188% for IREN, 226% for Applied Digital, 100% for Rocket Lab, 113% for Applied Optoelectronics, 125% for CoreWeave and 211% for Ondas. x.com  x.com  x.com  x.com  x.com  x.com 

Rocket Companies looks expensive against its prior trough: its $34B market cap is about a 25% premium to the $22-27B midpoint for Rocket plus Mr. Cooper at the last rate peak. Long-term earnings power should improve as it takes origination share and refinancing demand returns when rates fall, and Mr. Cooper's servicing book is minting cash. But servicing hedges, rate-volatility sensitivity and falling purchase volumes are uncertain, so adding only makes sense about 20% lower. x.com  x.com 

Rocket Companies is positioned for higher mortgage volume as housing loosens and rates may ease. Inventory is up about 5.6% year over year with more flexible sellers, giving purchase originations a runway Rocket's digital scale can absorb. April to June is peak home-sales season, when its fast-close platform is an edge. With rates at 6-6.5% and the MBA projecting about 5.9% by Q4, a dip would reopen refinancing, Rocket's specialty. The median Wall Street target of $22 implies about 55% upside. … Show more

Rocket Companies is worth buying before the housing cycle turns, meaning the rate of deterioration shifts to a firm bottom and maybe improvement rather than a strong rebound. Housing is in an odd spot for a recovery call. Per investor institLPGP, Rocket is taking share, over-earning on its mortgage servicing book while it waits, and already cutting costs with AI, leaving its long-term earnings power far higher. x.com  x.com 

Real estate stocks such as Rocket Companies, Zillow and Builders FirstSource will struggle to recover strongly until housing turnover increases. One possible offset: once rate hikes start, probably in September, 10- and 30-year Treasury yields and mortgage rates could tick down. x.com