Jim Cramer on Rocket Companies: “This One Has Already Gone Off”

Group 1 - Rocket Companies, Inc. (NYSE:RKT) provides mortgage, real estate, and personal finance solutions through various brands, including Rocket Mortgage, Rocket Homes, Rocket Loans, and Rocket Money [2] - The company also offers appraisal, settlement, and loan origination services while originating, closing, selling, and servicing agency-conforming loans [2] - Jim Cramer expressed that while Rocket is a fine company, he believes other AI stocks may present greater upside potential and less downside risk [2] Group 2 - Cramer noted that the recent rate cuts could potentially lead to a surge in Rocket's stock due to falling mortgage rates, but he believes this trade has already been executed by many investors [1] - He suggested that Wells Fargo, trading at around $80, may be a more attractive investment opportunity compared to Rocket at this time [1] - Cramer indicated that his scenario does not foresee significant changes in the market due to potential actions by the president and the Federal Reserve [2]