Rocket Companies Stock (NYSE:RKT), Trade Ideas

Rocket Companies

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.

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Shares of  Ascent Solar Technologies, Inc. (NASDAQ: ASTI) fell sharply during Wednesday’s session after the company announced pricing of a $6 million public offering of shares at $0.14 per share.

Why Ascent Solar Technologies Shares Are Trading Lower By Around 50%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

RKT Stock

The CPI data came in at 3.5% year-over-year, versus the estimated 3.4% leading many investors to think the Federal Reserve will leave interest rates higher for longer. Investors may be viewing the possibility of fewer rate cuts as negative news for Rocket as a mortgage provider. 

What&#39;s Going On With Rocket Companies Stock After Hot Inflation Data?

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Rocket Mortgage introduces Rocket Logic, an AI-driven platform revolutionizing home ownership, streamlining processes with data and advanced AI.

&#39;Transforming The Home Buying Process&#39;: Rocket Mortgage Unveils AI-Based Rocket Logic Platform

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Shares of Ascent Solar Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asti#NASDAQ">ASTI</a>) fell sharply during Wednesday&rsquo;s session after the company announced pricing of a $6 million public offering of <a href="https://www.benzinga.com/quote/ASTI">shares at $0.14 per share</a>.
Ascent Solar Technologies shares dipped 50% to $0.1374 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Marin Software Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrin#NASDAQ">MRIN</a>) shares jumped 152% to $0.7242 after the company announced upgrades to its integration with Microsoft Advertising.</li>
<li>Adial Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adil#NASDAQ">ADIL</a>) gained 75% to $1.9698 after the company announced the publication of a peer-reviewed article highlighting the clinical results, strong safety profile, and high compliance among patients administered AD04.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) surged 45.3% to $6.00.</li>
<li>ReTo Eco-Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reto#NASDAQ">RETO</a>) gained 45% to $1.67.</li>
<li>Meiwu Technology Company Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wnw#NASDAQ">WNW</a>) shares jumped 36% to $1.37.</li>
<li>Nano Labs Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/na#NASDAQ">NA</a>) surged 31.6% to $1.9502. Nano Labs recently filed annual report on Form 20-F for fiscal year 2023.</li>
<li>iCoreConnect Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icct#NASDAQ">ICCT</a>) shares jumped 30.8% to $1.4650. iCoreConnect, last month, closed $2,375,000 convertible note financing.</li>
<li>Dogness (International) Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dogz#NASDAQ">DOGZ</a>) climbed 22.9% to $8.48.</li>
<li>NeoVolta Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neov#NASDAQ">NEOV</a>) surged 18% to $2.0826.</li>
<li>BioSig Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsgm#NASDAQ">BSGM</a>) rose 18% to $1.92.</li>
<li>Verb Technology Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/verb#NASDAQ">VERB</a>) climbed 18% to $0.2099.</li>
<li>Jaguar Health, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jagx#NASDAQ">JAGX</a>) gained 16.7% to $0.1050 after the company reported approval for all proposals at its special meeting of stockholders.</li>
<li>Murano Global Investments Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrno#NASDAQ">MRNO</a>) rose 13.6% to $11.70.</li>
<li>Gaucho Group Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vino#NASDAQ">VINO</a>) surged 12.5% to $0.61.</li>
<li>Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) gained 11.8% to $7.11. International Star Inc. appointed Todd Masse as new CEO.</li>
<li>Revolution Medicines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rvmd#NASDAQ">RVMD</a>) rose 8.4% to $35.76.</li>
<li>Immuron Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imrn#NASDAQ">IMRN</a>) climbed 6.5% to $2.9731 after the company disclosed record sales (unaudited) of Travelan&reg;.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>VIA optronics AG (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/viao#NYSE">VIAO</a>) shares dipped 52.9% to $0.4238. VIA optronics announced intention to voluntarily delist its ADSs from the New York Stock Exchange. VIA optronics and Antolin unveiled Sunrise, a new horizon of integration in vehicle cockpits.</li>
<li>Velo3D, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vld#NYSE">VLD</a>) fell 40.1% to $0.2783 after the company announced pricing of a $12 million public offering.</li>
<li>EZGO Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezgo#NASDAQ">EZGO</a>) declined 27.6% to $0.0441. EZGO Technologies revealed a 1-for-40 reverse share split effective April 12, 2024.</li>
<li>C3is Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ciss#NASDAQ">CISS</a>) fell 22% to $0.0326. C3IS announced a reverse stock split.</li>
<li>Nutex Health Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nutx#NASDAQ">NUTX</a>) dipped 18.6% to $0.9525.</li>
<li>SMART Global Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgh#NASDAQ">SGH</a>) fell 18.4% to $21.13. Smart Global posted better-than-expected results for its second quarter. The company saw third-quarter earnings of 30 cents per share, plus or minus 15 cents, versus the 28 cent estimate. The company expects third-quarter revenue of $300 million, plus or minus $25 million, versus the $307.864 million estimate.</li>
<li>DocGo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcgo#NASDAQ">DCGO</a>) fell 18.2% to $3.15. Stifel analyst David Grossman maintained DocGo with a Buy and lowered the price target from $11 to $8.</li>
<li>Gorilla Technology Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grrr#NASDAQ">GRRR</a>) dipped 18.2% to $0.6216. Gorilla Technology and Thames Freeport announced a strategic alliance.</li>
<li>Nauticus Robotics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kitt#NASDAQ">KITT</a>) declined 18% to $0.21 following weak quarterly sales.</li>
<li>Destiny Tech100 Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) fell 17.8% to $52.65 after dipping over 35% on Tuesday.</li>
<li>Acorda Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acor#NASDAQ">ACOR</a>) dipped 16.7% to $0.85.</li>
<li>Brenmiller Energy Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bnrg#NASDAQ">BNRG</a>) declined 15.5% to $2.01.</li>
<li>PainReform Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prfx#NASDAQ">PRFX</a>) fell 15.2% to $1.28 after declining 11% on Tuesday. PainReform recently announced results from new studies demonstrating the superior in-vitro release (IVR) rates of PRF-110 compared to topical post-surgical pain management products available in the market.</li>
<li>Sunnova Energy International Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nova#NYSE">NOVA</a>) fell 14.5% to $4.6150 after jumping around 18% on Tuesday.</li>
<li>Kineta, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ka#NASDAQ">KA</a>) dipped 14% to $0.3699. Kineta recently reported initial clinical response data at the AACR 2024 of its ongoing Phase 1/2 VISTA-101 clinical trial.</li>
<li>Hexcel Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hxl#NYSE">HXL</a>) fell 12.1% to $62.58 after B of A Securities downgraded the stock from Neutral to Underperform and lowered its price target from $75 to $65.</li>
<li>Mobile Global Esports Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgam#NASDAQ">MGAM</a>) fell 12% to $0.19 after surging around 78% on Tuesday.</li>
<li>Rocket Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rkt#NYSE">RKT</a>) declined 11.1% to $12.55.</li>
<li>Opendoor Technologies Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/open#NASDAQ">OPEN</a>) dipped 9.8% to $2.47.</li>
<li>Biophytis S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bpts#NASDAQ">BPTS</a>) fell 9.6% to $0.3560. Biophytis shares jumped around 32% on Tuesday after the company reported a year-over-year increase in FY23 EPS results.</li>
<li>Sunrun Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/run#NASDAQ">RUN</a>) fell 9.5% to $11.78. Sunrun priced $230 million senior securitization of residential solar &amp; battery systems.</li>
<li>Valley National Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vly#NASDAQ">VLY</a>) fell 8.2% to $7.34.</li>
<li>Deckers Outdoor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/deck#NYSE">DECK</a>) dipped 7.7% to $801.03 after Truist Securities downgraded the stock from Buy to Hold and lowered its price target from $983 to $864.</li>
<li>RH (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rh#NYSE">RH</a>) fell 7.4% to $267.43.</li>
<li>Wayfair Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/w#NYSE">W</a>) dipped 6.7% to $61.87.</li>
<li>Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) declined 3.1% to $171.44 after analysts at Jefferies and Piper Sandler lowered their price targets on the stock.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38183479/bitcoin-falls-below-70-000-following-inflation-data-gala-becomes-top-loser"> Bitcoin Falls Below $70,000 Following Inflation Data; Gala Becomes Top Loser</a>

Why Ascent Solar Technologies Shares Are Trading Lower By Around 50%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) shares are trading lower Wednesday. Consumer Price Index data from March came in hotter-than-expected<a href="https://www.benzinga.com/news/earnings/24/04/38184321/dow-falls-over-1-us-inflation-rate-accelerates-in-march"> before the market open</a>.&nbsp;
What To Know:
The CPI data came in at 3.5% year-over-year, versus the estimated 3.4% leading many investors to think the Federal Reserve will leave interest rates higher for longer. The 10-Year Treasury yield climbed to 4.513% following the inflation data release and could lead to higher mortgage rates if the gain holds.
Investors may be anticipating higher mortgage rates and the possibility of fewer interest rates cuts from the Fed, both of which would put pressure on potential home buyers. 
Rocket introduced its "Rocket Logic" artificial intelligence (AI)<a href="https://www.benzinga.com/markets/equities/24/04/38168088/transforming-the-home-buying-process-rocket-mortgage-unveils-ai-based-rocket-logic-platform"> technology platform</a> designed to make the mortgage process more efficient on Tuesday. The company said it combines insights from more than 10 petabytes of proprietary data and 50 million annual call transcripts with deep learning and generative AI systems, allowing Rocket Mortgage to close more loans faster.&nbsp;
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Rocket shares are trading above the stock&#8217;s 50-day moving average of $12.53, and 13.8% of available shares are being sold short.&nbsp;
Related News: <a href="https://www.benzinga.com/news/24/04/38171000/whats-going-on-with-chinese-ev-stocks-nio-and-xpeng">What&#8217;s Going On With Chinese EV Stocks Nio And XPeng?</a>
<h2 class="wp-block-heading">How To Buy RKT Stock:</h2>
By now you're likely curious about how to participate in the market for Rocket Companies &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Rocket Companies, which is trading at $12.60 as of publishing time, $100 would buy you 7.94 shares of stock.
If you are looking to bet against a company, the process is more complex. You will need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
RKT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Rocket Companies shares are down 10.8% at $12.58 at the time of publication Wednesday.
Image: Courtesy of Rocket Companies, Inc.

What's Going On With Rocket Companies Stock After Hot Inflation Data?

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Shares of companies in the broader financial sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.

Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) on Tuesday introduced Rocket Logic, its patented AI-driven platform aimed at <a href="https://www.benzinga.com/pressreleases/24/04/n38160774/rocket-companies-introduces-rocket-logic-ai-platform-to-make-homeownership-faster-and-easier" target="_blank" rel="noreferrer noopener">simplifying and expediting home ownership.</a>
The development has been undertaken by Rocket Mortgage, an America-based retail mortgage lender and a part of Rocket Companies.
This platform enhances mortgage efficiency by leveraging insights from over 10 petabytes of proprietary data and 50 million annual call transcripts powered by advanced deep learning and generative AI systems. This enables Rocket Mortgage to expedite loan closures.
Rocket Logic streamlines the mortgage process by reducing the time spent on inquiries and verifications with mortgage bankers.&nbsp;
It swiftly determines clients&#8217; mortgage eligibility, fostering confidence. Utilizing deep learning algorithms, the system enhances efficiency and accuracy, bolstered by underwriter oversight for ongoing process enhancement.
The process commences when clients upload their initial documents to their secure portal. 
Rocket Logic utilizes AI to scan and verify the files for accuracy. Subsequently, computer vision models extract relevant data and promptly process the documents.
&#8220;Rocket Logic is transforming the home buying process. By leveraging data and advanced AI, we are streamlining the loan origination process from application to closing, helping our clients home with speed and certainty,&#8221; said Josh Zook, chief technology officer for Rocket Mortgage. 
RKT Price Action: Rocket companies shares are trading up 1.55% at $14.06 on Tuesday at publication. According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Rocket stock has gained over 44% in the past year. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38164785/bank-of-america-sees-gold-at-3-000-warns-of-a-copper-supply-crisis-metals-dance-to-">Bank Of America Sees Gold At $3,000, Warns Of A Copper Supply Crisis: Metals &#8216;Dance To Their Own Tune&#8217;</a>
Photo: VideoFlow via Shutterstock

'Transforming The Home Buying Process': Rocket Mortgage Unveils AI-Based Rocket Logic Platform

Patented platform simplifies and automates the end-to-end homebuying experience&nbsp;by leveraging generative AI, automation and machine learning

Rocket Companies Introduces Rocket Logic AI Platform

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining by around 0.2% on Tuesday.
Shares of Maxeon Solar Technologies, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/maxn#NASDAQ">MAXN</a>) fell sharply in <a href="https://www.benzinga.com/quote/MAXN">today&rsquo;s pre-market trading</a>.
Maxeon Solar said it sees preliminary fourth-quarter revenue of $229 million versus market estimates of $235.959 million.
Maxeon Solar Technologies shares dipped 16.8% to $2.27 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Neogen Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/neog#NASDAQ">NEOG</a>) shares dipped 17% to $11.93 in pre-market trading after the company reported worse than expected third-quarter FY2024 earnings and cut 2024 guidance.</li>
<li>Tilray Brands, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) shares fell 12.7% to $2.26 in pre-market trading after the company missed third-quarter estimates and said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.</li>
<li>DigiAsia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/faas#NASDAQ">FAAS</a>) shares dipped 9.9% to $7.00 pre-market trading after surging over 20% on Monday.</li>
<li>InMode Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inmd#NASDAQ">INMD</a>) shares fell 9.5% to $17.91 in pre-market trading. InMode is projected to release its financial results for the first quarter before the opening bell on Thursday, May 2, 2024.</li>
<li>GCT Semiconductor Holding, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gcts#NASDAQ">GCTS</a>) shares fell 4% to $6.72 in pre-market trading after dipping 14% on Monday. GCT Semiconductor and Aramco, last week, signed an MOU to accelerate the development of the 4G and 5G ecosystem in Saudi Arabia.</li>
<li>Rocket Companies, Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rkt#NYSE">RKT</a>) shares declined 4% to $13.29 in pre-market trading after gaining around 7% on Monday.</li>
<li>ChargePoint Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chpt#NYSE">CHPT</a>) fell 3.3% to $1.79 in pre-market trading. Goldman Sachs analyst Mark Delaney downgraded ChargePoint from Neutral to Sell and lowered the price target from $2 to $1.5.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38154721/investor-optimism-improves-fear-greed-index-remains-in-greed-zone"> Investor Optimism Improves; Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Pre-Market Outlook

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Maxeon Solar Technologies, Ltd. - Ordinary Shares

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Maxeon Solar Technologies, Neogen And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Options

Rocket Companies Option Alert: Fri $14 Calls Sweep (32) near the Ask: 1250 @ $0.201 vs 209 OI; Earnings 5/2 After Close [est] Ref=$13.49

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer said he didn&rsquo;t like the last quarter of GitLab Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtlb#NASDAQ">GTLB</a>). &quot;I went over it with a fine tooth comb. There was nothing there that made me feel terrific about a high <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37826380/gitlab-is-a-beneficiary-of-gen-ai-and-has-growth-upside-says-bullish-analyst">multiple stock,&quot; he added.</a>
On April 1, Truist Securities analyst Joel Fishbein reiterated GitLab with a Buy and maintained an $80 price target.
In early March, the San Francisco-based software company announced that it beat fourth-quarter estimates, but analysts had mixed reactions <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37491567/whats-going-on-with-gitlab-stock-tuesday">regarding the 2025 outlook</a>.
Snap Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/snap#NYSE">SNAP</a>) did not have a good quarter, Cramer said.
On Feb. 6, Snap said its fourth-quarter revenue increased 5% year-over-year to $1.361 billion, which missed the consensus estimate of $1.38 billion, according to Benzinga Pro. The company reported quarterly adjusted earnings of 8 cents per share, which beat analyst <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36990302/snap-stock-plummets-on-heels-of-choppy-q4-results-4-analysts-await-consistent-execu">estimates of 6 cents per share</a>.
&quot;We are in a tougher tape than we were, the stock is only down five points from its high, Cramer said when asked about Blackstone Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>). &quot;I&rsquo;m trying to figure out where I can make a stand, and the stand is not reached at 126.&quot;
On April 2, UBS downgraded the stock from Buy to Neutral and lowered the price target from $140 to $135.
The &quot;Mad Money&quot; host said it&rsquo;s time to buy Palo Alto Networks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/panw#NASDAQ">PANW</a>).
On Feb. 26, Palo Alto Networks announced the launch of a private 5G security solution with Nvidia and other partners.
When asked about Rocket Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rkt#NYSE">RKT</a>), he said, &quot;You do not want to be in that stock, it is time to &lsquo;ka-ching, ka-ching.&rsquo;&quot;
On Feb. 22, Rocket Companies reported better-than-expected fourth-quarter financial results and issued guidance.
Price Action:
<ul>
<li>Shares of GitLab gained 0.2% to close at $56.60 on Thursday.</li>
<li>Snap shares fell 1.2% to close at $11.02.</li>
<li>Blackstone shares fell 0.4% to settle at $126.01 on Thursday.</li>
<li>Rocket Companies shares fell 1.3% to close at $13.07 during Thursday&rsquo;s session.</li>
<li>Palo Alto Networks shares fell 1.6% to settle at $265.20.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38087713/over-1m-bet-on-this-industrial-stock-check-out-these-4-stocks-insiders-are-buying"> Over $1M Bet On This Industrial Stock? Check Out These 4 Stocks Insiders Are Buying </a>

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SNAP

Jim Cramer: 'Nothing Terrific' About GitLab, But Rocket? Time To 'Ka-Ching, Ka-Ching'

Hunterbrook Media, a new hedge fund that doubles as a news organization, released its first short report on UWM Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>) on Tuesday. Hunterbrook alleges in the report that UWM unfairly incentivized mortgage brokers to push business to the firm — and Hunterbrook encouraged a class action lawsuit against UWM, the country's largest <a href="https://www.benzinga.com/topic/mortgages">mortgage lender</a>. What Is Hunterbrook Media? Hunterbrook is a hybrid between a hedge fund and a news organization founded by two Harvard graduates, Nathaniel Brooks Horwitz and Sam Koppelman. Hunterbrook's first report, which outlines what it said are unfair and deceptive practices from UWM, discloses the fact that Hunterbrook took a short position out on UWM and a long position on its biggest competitor, Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>). The Short Report: Hunterbrook said in the report that UWM misled its customers by saying that independent brokers shop around to find the best deal for homebuyers and end up going to UWM because UWM can offer the best prices. In reality, these &#8220;independent brokers&#8221; push more than 99% of their business to UWM, the report said. 
UWM responded to the report, questioning Hunterbrook's journalistic practices and the validity of the report. "Hunterbrook is not a news organization. It is a hedge fund sensationalizing public information to manipulate the stock market to enrich themselves and their investors," UWM said in a statement.
"Buried deep in their &#8216;report,&#8217; and prior to its publication, Hunterbrook ‘went short $UWMC, long $RKT and purchased derivatives.' As you would expect a hedge fund masquerading as journalism would knowingly mislead the public, the report itself is riddled with inaccuracies and incorrect information,&#8221; UWM&#8217;s statement said. 
&#8220;A hedge fund scheme using journalists to short a stock is not only unethical, it may be fraudulent." Read Also: <a href="https://www.benzinga.com/markets/equities/24/03/37855254/are-you-a-housing-market-lock-in-high-mortgage-rates-result-in-people-not-living-in-homes-they-w">Are You A Housing Market Lock-In? High Mortgage Rates Result In &#8216;People Not Living In Homes They Would Prefer&#8217;</a>
UWMC Price Action: UWM shares gained 1.67% Wednesday, closing at $6.10.
Mortgage illustration by Jens Neumann from Pixabay.

Short Sellers

UWMC

Hunterbrook Media Shorts United Wholesale Mortgage: UWM Casts Doubt On New Firm's Integrity

Although U.S. stocks closed mixed on Thursday, there were a few notable insider trades.
When insiders purchase shares, it indicates their confidence in the company&#39;s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/"> Benzinga&#39;s insider transactions </a> platform.
<h3>CION Investment </h3>
<ul>
<li>The Trade: CION Investment Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cion#NYSE">CION</a>) Co-Chairman &amp; Co-CEO Mark Gatto <a href="https://www.benzinga.com/quote/CION/analyst-ratings"> acquired a total of 1,150 shares </a> an average price of $11.02. To acquire these shares, it cost around $12,673.</li>
<li>What&rsquo;s Happening: On March 14, CION Invt posted downbeat quarterly earnings</li>
<li>What CION Investment Does: CION Investment is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company.</li>
</ul>
<h3>Outlook Therapeutics </h3>
<ul>
<li>The Trade: Outlook Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otlk#NASDAQ">OTLK</a>) Director Yezan Munther Haddadin acquired a total of 1,881 shares at an average price of $11.82. To acquire these shares, it cost around $22,242.</li>
<li>What&rsquo;s Happening: On March 27, BTIG upgraded the stock from Neutral to Buy and announced a $50 price target.</li>
<li>What Outlook Therapeutics Does: Outlook Therapeutics Inc is a clinical-stage biopharmaceutical company focused on developing and commercializing ONS-5010, a monoclonal antibody, or mAb, for various ophthalmic indications.</li>
</ul>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
<h3>Rocket Companies </h3>
<ul>
<li>The Trade: Rocket Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rkt#NYSE">RKT</a>) Director Matthew Rizik <a href="https://www.benzinga.com/sec/insider-trades/"> bought a total of 301 shares </a> at an average price of $14.57. To acquire these shares, it cost around $4,386.</li>
<li>What&rsquo;s Happening: On March 18, B of A Securities analyst Mihir Bhatia maintained Rocket Companies with an Underperform and raised the price target from $7 to $8.</li>
<li>What Rocket Companies Does: Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/03/37975833/how-to-earn-500-a-month-from-verizon-stock-on-heels-of-analyst-upgrade"> How To Earn $500 A Month From Verizon Stock On Heels Of Analyst Upgrade </a>

Insider Trades

CION

OTLK

Insiders Buying Outlook Therapeutics And 2 Other Stocks

B of A Securities analyst Mihir Bhatia maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Underperform and raises the price target from $7 to $8.

Price Target

Analyst Ratings

B of A Securities Maintains Underperform on Rocket Companies, Raises Price Target to $8

Citigroup analyst Ashwin Shirvaikar maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Sell and raises the price target from $10 to $11.

Citigroup Maintains Sell on Rocket Companies, Raises Price Target to $11

UBS has decided to maintain its Sell rating of Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) and raise its price target from $8.50 to $10.00.
Shares of Rocket Companies are trading up 1.73% over the last 24 hours, at $11.76 per share.
A move to $10.00 would account for a 14.97% decrease from the current share price.
<h3>About Rocket Companies</h3>
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

UBS Maintains Sell Rating for Rocket Companies: Here's What You Need To Know

In the preceding three months, 10 analysts have released ratings for Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $11.05, along with a high estimate of $14.00 and a low estimate of $8.50. Surpassing the previous average price target of $10.38, the current average has increased by 6.45%.
<img src="https://www.benzinga.com/files/images/story/2024/1708966822_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Rocket Companies's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$10.00</td>
<td>$8.50</td>
</tr>
<tr>
<td>Donald Fandetti</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$13.00</td>
<td>-</td>
</tr>
<tr>
<td>Ashwin Shirvaikar</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Sell</td>
<td>$10.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$10.00</td>
<td>-</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$10.50</td>
<td>$8.50</td>
</tr>
<tr>
<td>Donald Fandetti</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Announces</td>
<td>Underperform</td>
<td>$10.75</td>
<td>-</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$10.75</td>
<td>$9.25</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Announces</td>
<td>Sell</td>
<td>$8.50</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Rocket Companies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rocket Companies compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Rocket Companies's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Rocket Companies's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/RKT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Rocket Companies analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Rocket Companies Better</h2>
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
<h3>Rocket Companies: Delving into Financials</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Rocket Companies's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -43.73%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Rocket Companies's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -1.62% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Rocket Companies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -1.72% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Rocket Companies's ROA excels beyond industry benchmarks, reaching -0.05%. This signifies efficient management of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 12.85, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Rocket Companies

UBS analyst Douglas Harter maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Sell and raises the price target from $8.5 to $10.

UBS Maintains Sell on Rocket Companies, Raises Price Target to $10

Rocket Companies shares are trading higher after the company reported better-than-expected Q4 financial results and issued guidance.

Wedbush analyst Jay McCanless reiterates Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Neutral and maintains $13 price target.

Reiteration

Wedbush Reiterates Neutral on Rocket Companies, Maintains $13 Price Target

Editor&#39;s Note: This article has been updated to remove a mischaracterization of Rocket Companies&#39; fourth-quarter earning figure.
Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:05 PM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
Rocket Companies reported quarterly adjusted earnings of zero cents per share, which beat the analyst consensus estimate of losses of 4 cents.
Revenue was up $202.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.02 which was followed by a 6.54% increase in the share price the next day.
Here&#39;s a look at Rocket Companies&#39;s past performance:
&nbsp;
<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.02</td>
<td>-0.05</td>
<td>-0.09</td>
<td>-0.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0</td>
<td>-0.02</td>
<td>-0.06</td>
<td>-0.10</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>975.55M</td>
<td>983.18M</td>
<td>772.53M</td>
<td>682.73M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.00B</td>
<td>1.00B</td>
<td>882.00M</td>
<td>683.00M</td>
</tr>
</tbody>
</table>
To track all earnings releases for Rocket Companies <a href="https://www.benzinga.com/quote/RKT/earnings">visit their earnings calendar here.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Earnings

Rocket Companies Beats Q4 Earnings Forecasts, Surpasses Analyst Expectations (CORRECTED)

Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) shares are trading higher after the company reported better-than-expected fourth-quarter financial results after the bell Thursday. Here's a <a href="https://www.benzinga.com/pressreleases/24/02/n37271294/rocket-companies-announces-fourth-quarter-and-full-year-2023-results">look at the highlights</a>.
The Details:
Rocket Companies reported quarterly adjusted earnings of zero cents per share which beat the analyst consensus estimate of losses of 4 cents by 102.5% and is a 101% increase over adjusted losses of 10 cents per share from the same period last year. 
The company reported quarterly adjusted sales of $885 million, beating the analyst consensus estimate of $769.00 million by 15.08% and representing a 29.58% increase over adjusted sales of $683 million the prior year&#8217;s quarter. 
&#8220;I&#8217;m proud of our team members for consistent execution amid one of the most challenging years for mortgage originations in three decades. We demonstrated accelerating year-over-year revenue growth in the quarter, and positive adjusted EBITDA for the third quarter in a row. We once again made strides in market share, as our purchase and refinance share grew by double-digits in 2023,&#8221; said Varun Krishna, CEO of Rocket Companies.
&#8220;We enter 2024 with momentum and Rocket is well-positioned to fulfill its strategy of AI-fueled home ownership. AI is being deployed across the organization to deliver industry-best client experiences, with the aim to achieve scaled growth in market share, revenue, and profitability,&#8221; added Krishna. 
Rocket highlighted automation and AI as helping to deliver higher accuracy and operational efficiency at scale in mortgage underwriting. In December, nearly two-thirds of its income verifications were automated without an underwriter needing to intervene, a 5-fold improvement compared to 15 months prior. 
Outlook:&nbsp;
Rocket sees first-quarter adjusted revenue of between $925 million and $1.075 billion. 
Related News: <a href="https://www.benzinga.com/news/24/02/37242631/intel-to-manufacture-microsoft-chips-ceo-satya-nadella-says">Intel To Manufacture Microsoft Chips, CEO Satya Nadella Says</a>
RKT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Rocket Companies shares are trading up 5.65% after-hours at $11.60 at the time of publication.
Image: Jens Neumann from Pixabay

Rocket Reports Q4 Results: Earnings Beat, Revenue Beat, Sales Up 29%

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When it comes to figuring out what are the stocks to sell now, bearish analyst ratings are an important factor to consider. 



The sell-side typically doesn&rsquo;t issue many &ldquo;sell&rdquo; ratings. In fact, a majority of ratings are &ldquo;buy&rdquo; or equivalent, with around 5%-10% being &ldquo;sell&rdquo; or equivalent and the rest &ldquo;hold&rdquo; or equivalent.



As I have discussed previously, blindly following Wall Street &ldquo;buy&rdquo; ratings <a href="https://investorplace.com/2024/02/wall-street-favorites-7-penny-stocks-with-strong-buy-ratings-for-february-2024/">isn&rsquo;t necessarily a profitable move</a>. The same could possibly be said about blindly shorting stocks rated &ldquo;sell&rdquo; by the analyst community.



Analysts were willing to issue a bearish warning on a stock, which serves as a red flag to sell or avoid.



The following three stocks to sell now have each received &ldquo;sell&rdquo; or equivalent ratings in recent months. You may want to take heed of these analyst warnings.



<h2>DXC Technology (DXC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/dxc_technologies_dxc1600-300x169.jpg" alt="A photo of a DXC Technology Co (DXC) sign outside a building."><div>Source: zakiahza / Shutterstock.com</div></div>DXC Technology (NYSE:<a href="https://investorplace.com/stock-quotes/dxc-stock-quote/">DXC</a>) gives off strong &ldquo;value trap&rdquo; vibes. Shares in the IT services company may at first seem appealing because of a low valuation (6.7 times forward earnings).



However, DXC stock has performed poorly in recent years. Largely, because of disappointment about a turnaround for the company has yet to arrive. 



Of course, a delayed turnaround doesn&rsquo;t mean there&rsquo;s zero chance of an eventual turnover. Still, that didn&rsquo;t stop analysts at JP Morgan from <a href="https://seekingalpha.com/news/4057798-dxc-technology-downgraded-at-jp-morgan-on-lack-of-real-incremental-learnings">downgrading DXC</a> back in January, from &ldquo;neutral&rdquo; (equivalent to &ldquo;hold) to &ldquo;underweight&rdquo; (equivalent to &ldquo;sell&rdquo;).



Lowering their price target from $27 to $24 per share, the analyst team cited high uncertainty about a comeback taking shape this year. Mainly, because of industry headwinds, as well as the fact that new corporate culture needs time to emerge in order for DXC Technology can make major progress turning around its business.



<h2>Lucid Group (LCID)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/lcid_1600_1934759942-300x169.png" alt="Exterior of Lucid Motors (LCID) building"><div>Source: gg5795 / Shutterstock.com</div></div>I&rsquo;ve been <a href="https://investorplace.com/2024/01/lcid-stock-sell-off-has-lucid-reached-the-end-of-the-road/">very bearish</a> on Lucid Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>), but I&rsquo;m certainly not the only one arguing that it is one of the top stocks to sell now. Since last year, several sell-side analysts have issued negative rating changes. 



Most recently, last month, following the EV maker&rsquo;s latest quarterly earnings release.



As InvestorPlace&rsquo;s William White reported Feb. 22, analysts at Cantor Fitzgerald <a href="https://investorplace.com/2024/02/cantor-fitzgerald-is-souring-on-lucid-lcid-stock/">downgraded LCID stock from &ldquo;neutral&rdquo; to &ldquo;underweight,&rdquo;</a> and its price target from $6 to $4 per share. The analyst team cited the EV maker&rsquo;s poor 2024 production guidance provided alongside earnings as a key reason behind the downgrade. 



The Cantor analysts also noted &ldquo;persistently high negative margins&rdquo; and &ldquo;lower-than-anticipated demand&rdquo; as other factors warranting a bearish view on shares. While now trading below the aforementioned price target, as Louis Navellier and the InvestorPlace Research Staff has argued, LCID could sink to even lower prices (<a href="https://investorplace.com/market360/2024/02/lcid-stock-forecast-next-stop-1-per-share-why-its-possible/">under $1 per share</a>).



<h2>Rocket Companies (RKT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/rkt-stock-1-300x169.jpg" alt="The logo for Rocket Companies displayed on a smartphone screen (RKT)."><div>Source: Lori Butcher / Shutterstock.com</div></div>During November and December, shares in mortgage giant Rocket Companies (NYSE:<a href="https://investorplace.com/stock-quotes/rkt-stock-quote/">RKT</a>) surged sharply. Investors wagered that anticipated interest rate cuts in 2024 would drive a comeback for the housing sector.



However, since the start of the year, RKT stock has slid slightly. Not only is there now high uncertainty about the Federal Reserve soon pivoting sharply on interest rates. It&rsquo;s now debatable whether <a href="https://www.cnn.com/2024/03/01/investing/the-fed-may-not-cut-rates-this-year/index.html">the Fed will even reduce interest rates at all this year</a>. Worse yet, interest rate uncertainty isn&rsquo;t the only possible issue at hand with the stock right now. 



Back in January, <a href="https://www.investing.com/news/stock-market-news/citi-cuts-rocket-companies-as-valuation-too-stretched-lifts-sallie-mae-on-higher-expected-balance-sheet-growth-432SI-3275518">analysts at Citi downgraded RKT to &ldquo;sell,&rdquo;</a> primarily on valuation concerns. With the stock (even after the modest pullback) trading for 38.4 times forward earnings, essentially pricing in a mortgage demand rebound as a near-certainty, you may want to follow Citi&rsquo;s recommendation, and cash out immediately.



On the date of publication, Thomas Niel&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/sell-alert-analysts-say-ditch-these-3-stocks-right-now/">Sell Alert: Analysts Say Ditch These 3 Stocks Right Now</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Sell Alert: Analysts Say Ditch These 3 Stocks Right Now

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Press Releases

Sterling Bank and Trust Teams Up with Rocket Mortgage to Offer Bank Customers Access to Rocket's Award-Winning Home Loan Experience

Agree Realty Announces Appointment of Linglong He to Board of Directors

Fintech

Rocket Homes Launches First AI-Driven Apple CarPlay Feature to Fuel Homeownership

Gaucho Holdings (NASDAQ: VINO) Welcomes Advisors Doug Casey, Michael Koh To Board As Company Prepares For Expansion In Wake Of Political Changes In Argentina

Rocket Companies Appoints Jonathan Mildenhall as Chief Marketing Officer

Rocket Companies Appoints AI and Fintech Expert Alex Rampell to Board of Directors

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Rocket Companies Stock (NYSE:RKT), Trade Ideas