I m a Rocket (Companies) Man The Companies part of the name here is important. Stocks quotes in this article: RKT
Rocket Companies (RKT) turned in a huge beat on the top line in its most recent quarter but there is still has a huge short position against the stock. The company also destroyed bottom-line expectations, but shorts remain. Management has demonstrated a willingness to aggressively return capital to shareholders, but shorts remain. Rocket s revenue stream pulls from four different sources, not simply mortgages, but shorts remain.
This is a case of valuation questions versus performance.
Right now, the company continues to perform. While interest rates remain low, this doesn t feel like low-hanging fruit for shorts. While the Fed continues to serve up easy monetary policy, this doesn t appear to be an easy short. As the company pays out excess earnings in the form of dividends or implements share buybacks, this doesn t appear to b
Jim Cramer: Tesla and the Magical World of Investing Right now the newfound prevailing wisdom is clobbering the old kind and those who cling to the latter are destined to be run over.
Mar 16, 2021 | 06:41 AM EDT
Did Tesla (TSLA) change the entire investing world? The more I ponder Lucid or Fisker (FSR) or all the SPACs involving electric vehicles, the more I think about the notion of what I thought was high-risk technology spending, the more I realize that Tesla made everything more magical, or more like alchemy, with either one producing a positive result for the believer.
It s so difficult now to imagine several years ago when very smart people would come on air and point blank just say that Tesla was a bankrupt company, a fraud, one that would eventually be revealed if you just waited long enough.