On CNBC's "Fast Money," Guy Adami advised a viewer with a long position in Rocket Companies Inc RKT to take some off the table. He sees that as a smart thing to do in the short term.
Bonawyn Eison wants to wait and see the company's first earnings report as a public company before he makes his mind on the stock.
Dan Nathan thinks Rocket Companies is going to report better-than-expected earnings. He would ride the stock as long as the home data continues to improve. He expects the stock to break out on the upside and reach some higher highs.
Rocket is expected to report earnings after Wednesday's closing bell.
Back on Aug. 14, the parent company of Quicken Loans and Rocket Mortgage provided preliminary earnings. The company reported $3.5 billion in net income for the second quarter, up from a $54 million net loss in the same quarter a year ago. Second-quarter revenue of $5 billion was up 437% year over year.
Rocket's stock closed Tuesday's trading session higher by 9.8% and traded up another 7% to $32.95 in Wednesday's pre-market session.
Related Links:
'Tech Driven Growth Story': Analysts Initiate Coverage Of Rocket Companies Following Quiet Period
Why The Rocket Companies IPO Marks A Paradigm Shift In Financial Services
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