Jim Cramer Calls Rocket Companies (RKT) a “Very Fine Company”

We recently published a list of Jim Cramer Had These 21 Stocks on His Radar. In this article, we are going to take a look at where Rocket Companies, Inc. (NYSE:RKT) stands against other stocks that Jim Cramer discusses.

A caller pointed out that Morgan Stanley economists are predicting one rate cut this year and seven rate cuts next year and asked about Rocket Companies, Inc. (NYSE:RKT). In response, Cramer said:

“If that’s the case, if that scenario occurs, then you gotta buy, buy, buy…. Now that’s not my scenario. My scenario is that nothing happens because the president is doing stuff that’ll make it so that Mr. Powell may say, listen, I can’t encourage any inflation, and that could go on for a little bit. But you know what? I think Rocket’s a very fine company.”

A businessperson using a laptop to review the details of a mortgage loan for a client.

Rocket Companies (NYSE:RKT) is a fintech holding company that focuses on mortgage lending, title services, settlement solutions, and other financial technology services in the United States and Canada. During an episode of Squawk on the Street in March, Cramer remarked:

“Well I think that’s another deal.  They bought Redfin, these guys like to buy… [On how they like to be end-to-end] Yes. And they’re using the. . FTC to be able to… I think they’re brilliant. I think they’re taking advantage of new regime, which is you know you get in front of the FTC, there is no. . .you know the FTC’s kind of in a bind there, because we have a lame duck, I don’t know where did those guys go? The new guys don’t seem to be as concerned about the anti trust as the old guys.”

Overall, RKT ranks 15th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of RKT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKT and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.