Jim Cramer Says “No to Rocket Companies”

Rocket Companies, Inc. (NYSE:RKT) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. Toward the end of the lightning round, a caller inquired about the company, and here’s what Cramer had to say in response:

Okay, Rocket is a play on the idea that Kevin Warsh is going to get in and cut rates, and I don’t think he can because of the price of oil and how it is making it so that there’s inflation throughout the system, so no to Rocket Companies.

Photo by Adam Nowakowski on Unsplash

Rocket Companies, Inc. (NYSE:RKT) provides mortgage, real estate, and personal finance services. The company delivers its services through Rocket Mortgage, Rocket Homes, Rocket Loans, and Rocket Money. A caller inquired about the stock during the March 23 episode, and Cramer responded:

This is totally a vote, you can look at the chart, a vote on whether there’s going to be a rate cut. People say that, only today was the first time I heard that there might be a rate cut. Again, remember, they kind of got dashed by the war. I would not give up on this stock at $14. I think it represents value.

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