The stock market is on the edge of its seat
Investors are nervously awaiting the Fed's decision on interest rates next week. It's THE big event that everyone is watching, and it could determine the fate of the market for the rest of the year – and beyond.
Why all the fuss?
Because interest rates have a massive impact on the housing market. When rates are high, as they've been for the last two years, mortgages become more expensive, and demand for housing dries up. But when rates go down, the flood gates open, and buyers come rushing back in.
The Fed has been signaling a rate cut for months. And as that key event gets closer, investors are getting ready to pounce on the stocks that stand to benefit the most. That’s why it’s important to get ahead of the game – because once everyone else figures out what’s about to happen, you’ll already have missed out on the biggest gains.
Rocket Companies (RKT)
Now, there are dozens of stocks in the housing sector – homebuilders, REITs, mortgage lenders, you name it. But right now, we’re zeroing in on Rocket Companies ([RKT](https://moneymorning.com/stocks/rkt)), a company that has been flying under Wall Street’s radar… for now.
🚀 RKT: Igniting the Housing Boom
Rocket Companies (RKT) is a Detroit-based company that could be on the verge of a MAJOR breakout. Their flagship business is Rocket Mortgage, the largest mortgage lender in the United States.
The company has already been firing on all cylinders, and they’re just getting warmed up. In their latest earnings report, they posted revenue growth of 32% year-over-year, exceeding all expectations! They’re grabbing market share, tightening their operations, and positioning themselves to dominate as the housing market makes a comeback.
My colleague Chris Johnson at Money Morning is especially bullish on Rocket Companies. He argues that this is “likely to be the last real run higher for the housing stocks before we do see a leveling off in demand.” And he specifically calls out RKT, saying:
“The company’s mortgage business is about to become inundated applications and new business as the housing market starts to emerge from the drought…”
Read Chris’ full analysis of Rocket Companies here.
Here's what makes RKT even more compelling: Wall Street is SLEEPING on this stock. Not a SINGLE one of the 15 analysts covering the company has a “Buy” rating on it. Their average price target is a laughable 15% lower than where the stock is trading today.
This is your chance to get in on the ground floor before the analysts wake up and start singing RKT’s praises. It’s textbook contrarian investing at its best – buy when everyone else is selling, and sell when everyone else is buying.
What You Need to Do:
Don't wait for the Fed to make its announcement – by then, it'll be too late. Start doing your research on Rocket Companies now. And be sure to sign up for our free report to discover our full list of housing stocks to buy before next week’s market-moving event.
Coming Tomorrow: The AI Energy Crisis
The Artificial Intelligence revolution is putting a massive strain on our energy grid. We’re revealing the stocks that are uniquely positioned to profit from this impending crisis. Don’t miss it!
