$Zillow-A (ZG.US)$,$Redfin (RDFN.US)$and other real-estate stocks rose Wednesday, apparently gaining ground on hopes for lower mortgage rates following a weaker-than-expected that May Consumer Price Index. Home-buying platform Zillow led the sector higher, adding 12.2% to trade at $46.85 shortly before 11:30 a.m. ET. Other large percentage gainers as of that hour included: -- Real-estate broker...
$Rocket (RKT.US)$,$Opendoor Technologies (OPEN.US)$and other real estate-related stocks sank on Wednesday as a hot U.S. inflation report dampened hopes for lower mortgage rates. Rocket – the parent firm of popular housing lender Rocket Mortgage Co. – fell 10.9% to $12.57 shortly before noon ET, while rival mortage firm$LendingTree (TREE.US)$shed 4.3% to $39.31. OpenDoor, which operates a digital platform for home sales,...
10baggerbamm
:
rocket is a great company they've been around over 25 years they are interest rate sensitive let's be realistic the refinance of properties of existing customers is a big percentage of their revenue and it is basically non-existent at this point they just like all of the other lending institutions that are not only in a position to drive revenue from purchases but refinances require rates to fall in order for institutional buying to take place.. so keep it on your screen and when pal signifies he's going to cut rates you buy it because it's not going to be a one and done event it will be multiple rate cuts over. about a year to a year and a half and rock it will be one of the main benefactors
LendingTree's CFO sees this financing as a key step in the company's growth, aiming to streamline the company and strengthen its balance sheet. Apollo Partner believes the financing will boost LendingTree's financial flexibility and better equip it to navigate the current market.
LendingTree's low P/S ratio and negative revenue growth trend indicate it as a risky investment. The company's disappointing revenue outlook contributes to its low P/S, making a strong share price rise unlikely soon.
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
FOMC holds rates amid heightened uncertainty: Where will US stocks head next?
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LendingTree Stock Discussion
Home-buying platform Zillow led the sector higher, adding 12.2% to trade at $46.85 shortly before 11:30 a.m. ET.
Other large percentage gainers as of that hour included:
-- Real-estate broker...
Rocket – the parent firm of popular housing lender Rocket Mortgage Co. – fell 10.9% to $12.57 shortly before noon ET, while rival mortage firm $LendingTree (TREE.US)$ shed 4.3% to $39.31.
OpenDoor, which operates a digital platform for home sales,...
The $S&P 500 Index (.SPX.US)$ and the $Dow Jones Industrial Average (.DJI.US)$ gained, extending their record-breaking rally.
Read more here: LendingTree, Freddie Mac Shares Gain as Consumer Sentiment Improves
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