Rocket Companies, Inc. (NYSE:RKT) is featured in Mad Money’s latest recap as Jim Cramer shared his buy, sell, or hold verdict. Inquiring about the stock, a caller noted that the company posted “good earnings” last quarter, yet the stock is down. Cramer replied:
This is totally a vote, you can look at the chart, a vote on whether there’s going to be a rate cut. People say that, only today was the first time I heard that there might be a rate cut. Again, remember, they kind of got dashed by the war. I would not give up on this stock at $14. I think it represents value.
Stock market data. Photo by Photo by Alesia Kozik
Rocket Companies, Inc. (NYSE:RKT) provides mortgage, real estate, and personal finance services. The company delivers its services through Rocket Mortgage, Rocket Homes, Rocket Loans, and Rocket Money. It is worth noting that Cramer showed a bearish sentiment toward the stock when a caller asked about it during the March 4 episode. The Mad Money host said:
No, I cannot. No, I can’t. There’s just too many headwinds to housing. I’d love to be more bullish. We own Home Depot for my Charitable Trust. It’s one of my worst positions… I’ve gotta tell you, I don’t want you to be big in Rocket. I don’t think you’ll make a lot of money.
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