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Stock impact report

M&A Watch: Buy the Surge in Rocket Companies (RKT) Stock? [Yahoo! Finance]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: Yahoo! Finance
Leading to bullish investor sentiment is that Rocket Companies recently announced its plans to acquire Redfin RDFN and Mr. Cooper Group COOP which will create a one-stop shop for the end-to-end homeownership experience. In addition to this, the plausibility of more rate cuts has led to even more optimism surrounding the mortgage service providers' expansion. With President Trump urging Fed Chair Jerome Powell that now is the time to cut rates following his “Liberation Tariffs”, Rocket Companies has been a bellwether in the stock market as the S&P 500 and Nasdaq fell another 5% in today's trading session. Image Source: Zacks Investment Research By integrating Redfin's real estate search platform, Rocket Companies aims to simplify the home-buying process and attract more customers. The acquisition is expected to be completed during Q2 or Q3 in an all-stock transaction that values Redfin's stock at $12.50 per share or $1.75 billion. With Mr. Cooper Group being one of America's l Show less Read more
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