On January 1, 2025, I published the update on Rocket below. I highlighted that investors were capitulating due to the unexpected surge in mortgage rates. This was notable because the business was actually growing against a brutal macro backdrop.
Once the real estate cycle turns sweet, I felt hopeful their money printer will be on again.
The stock was trading at less than $11 at that time. Today, it hit $17. Time for an updated look at the company based on their most recent earnings.