5 Best Stocks to Buy According to David Greenspan’s Slate Path Capital

In this article, we will list the 5 Best Stocks to Buy According to David Greenspan’s Slate Path Capital. Please visit 10 Best Stocks to Buy According to David Greenspan’s Slate Path Capital if you would like to see the extended list and the methodology behind it.

5. Rocket Companies Inc (NYSE:RKT)

Slate Path Capital’s Investment Stake: $329.9 Million

Number of Hedge Fund Holders: 112

Stock Upside Potential: 20.63%

Rocket Companies Inc (NYSE:RKT) is one of the best stocks to buy according to David Greenspan’s Slate Path Capital. The stock makes up 4.9% of its reported equity portfolio. Rocket Companies’ stock is up more than 20% over the past month, and analysts expect it to go up more. Some 112 hedge funds have positions in RKT stock.

On June 30, Benchmark initiated coverage of Rocket Companies Inc (NYSE:RKT) stock with a Buy rating and a price target of $21 on the shares. The brokerage cited favorable mortgage rates and further noted that Rocket could become one of the two leading real estate portals over the next decade.

According to Benchmark, housing platforms that combine artificial intelligence, vertical integration, and the ability to convert intent into transactions will win the industry competition. If this is the case, the brokerage believes Rocket has a major advantage over traditional providers. Rocket has shown that it is open to partnerships across the industry in order to advance its goals and reduce its risks. Additionally, the company is seeking to expand its market share across purchase and refinancing segments.

Detroit-based Rocket Companies Inc (NYSE:RKT) provides a variety of digital services in the home-buying and refinancing sector. It operates a home search platform and provides home and personal loans. It also offers a personal finance app that helps users track spending and manage budgets.