Rocket Companies (RKT) Jumps as Fed Hints at Keeping Rates Steady For Now

We recently published 10 Stocks on Fire Ahead of 2026. Rocket Companies, Inc. (NYSE:RKT) is one of the best performers on Tuesday.

Rocket Companies bounced back by 3.56 percent on Tuesday to close at $20.06 apiece as investor sentiment was boosted by announcements that the Federal Reserve would likely keep interest rates unchanged for some time before making any adjustments anew.

This followed a 25-basis-point rate cut in this year’s last Federal Open Market Committee meeting, highly benefiting the interest rate-sensitive real estate and financing market.

Rocket Companies (RKT) Jumps as Fed Hints at Keeping Rates Steady For Now

Firms such as Rocket Companies, Inc. (NYSE:RKT) tend to benefit from the lower rates, as lower benchmark rates could translate into more affordable mortgage costs and support higher demand for home purchases and refinancing.

As a result, investors have placed bets that stable rates could help bolster home sales volumes and improve revenue prospects for property firms such as Rocket Companies, Inc. (NYSE:RKT).

The listed firm is a Detroit-based fintech platform that owns mortgage, real estate, and personal finance businesses, namely Rocket Mortgage, Redfin, Mr. Cooper, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans.

In the fourth quarter of the year, it was expected to rake in adjusted revenues between $2.1 billion and $2.3 billion.

While we acknowledge the risk and potential of RKT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RKT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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