Why Rocket Companies Stock Skyrocketed Today
View original at nasdaq.comWhy Rocket Companies Stock Skyrocketed Today Key Points President Trump aims to support the mortgage market directly…
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This is one of many steps in restoring affordability
100% confidenceDirecting officials to purchase $200 billion worth of mortgage-backed securities
100% confidenceIdentified 10 best stocks for investors to buy now, and Rocket Companies wasn't one of them
100% confidenceThe mortgage bond purchase will drive mortgage rates down, monthly payments down, and make the cost of owning a home more affordable
100% confidenceShouldn't necessarily pile into the stocks of mortgage companies; best to buy or sell them on the natural prospects of the industry and individual businesses
95% confidenceTrump tends to make grand promises that aren't always fully realized
90% confidenceSuch a purchase would almost certainly have a positive impact on the mortgage market if implemented to the promised degree
90% confidenceThe 10 stocks that made the cut could produce monster returns in the coming years
85% confidence
