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5 Budget Stretchers To Get You Closer To Maxing Out Your 401(k)
Yahoo Finance· 2025-10-01 12:51
You know you need to put a certain percentage into your 401(k), but you don’t make that much money. What do you do? That’s the question GOBankingRates reader Kimberly recently submitted to our Top 100 Money Experts series. To answer it, we spoke with Andrew Latham, a certified financial planner and content director at SuperMoney. For You: Here’s Why You Might Want To Invest Your Retirement Savings in a Roth 401(k) Learn About: 3 Advanced Investing Moves Experts Use to Minimize Taxes and Help Boost Returns ...
Jim Cramer on Rocket Companies: “This One Has Already Gone Off”
Yahoo Finance· 2025-09-24 08:28
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]
Rocket Appoints Viral Nation as Social Media Agency of Record, Replacing Glossy Social Feeds with Real Stories
Prnewswire· 2025-08-12 13:00
Core Insights - Viral Nation has been appointed as the Social Media Agency of Record for Rocket, a Detroit-based fintech platform that encompasses mortgage, real estate, title, and personal finance businesses [1] - The partnership aims to provide authentic homeownership stories that resonate with social media users, moving beyond curated content to offer real support and guidance [2][4] Company Overview - Rocket Companies, founded in 1985, operates various financial services including Rocket Mortgage, Redfin, Rocket Homes, Rocket Close, Rocket Money, and Rocket Loans [6] - The company is recognized for its exceptional client experiences, having been ranked 1 in client satisfaction for primary mortgage origination and servicing by J.D. Power a total of 22 times [7] Strategic Initiatives - The "Own the Dream" campaign launched by Rocket was amplified by Viral Nation's strategic social campaigns, achieving 247 million views nationwide and fostering genuine conversations across platforms [3] - Viral Nation will assist Rocket in showcasing real client stories and managing dynamic community engagement to guide potential homeowners through the homebuying journey [4][5] Industry Context - Nearly 80% of social media users seek inspiration for homeownership through their feeds, indicating a significant opportunity for brands to connect with audiences on a deeper level [2] - The collaboration between Rocket and Viral Nation aims to build a social movement that empowers Americans to envision themselves in the homeownership journey [5]
Rocket Companies Announces First Quarter 2025 Results
Prnewswire· 2025-05-08 20:05
Core Insights - Rocket Companies reported strong first-quarter results for 2025, achieving $1.3 billion in adjusted revenue, which is at the high end of their guidance range [2][5][6] - The company is focused on integrating home search, origination, and servicing into a single platform to enhance the homeownership experience [2][5] Financial Summary - Total revenue for Q1 2025 was $1.037 billion, down from $1.384 billion in Q1 2024 [3][5] - Total expenses increased to $1.260 billion from $1.085 billion year-over-year [3][5] - GAAP net loss for Q1 2025 was $212 million, compared to a net income of $291 million in Q1 2024 [3][5] - Adjusted net income was $80 million, slightly down from $84 million in the previous year [3][5] - Adjusted EBITDA for the quarter was $169 million, down from $174 million in Q1 2024 [3][5] Key Metrics - Mortgage closed loan origination volume reached $21.6 billion, a 7% increase from $20.2 billion in Q1 2024 [6] - Net rate lock volume was $26.1 billion, a 17% increase compared to $22.4 billion in the same period last year [6] - Gain on sale margin decreased to 2.89%, down 22 basis points from 3.11% in Q1 2024 [6] Liquidity and Capital Structure - Total liquidity as of March 31, 2025, was $8.1 billion, including $1.4 billion in cash and $1.5 billion in corporate cash for loan originations [6][15] - The company announced a special cash dividend of $0.80 per share following the simplification of its capital structure [6] Strategic Initiatives - Rocket Companies announced an all-stock acquisition of Redfin Corporation for $1.75 billion, expected to close in Q2 or Q3 2025 [6] - The company also plans to acquire Mr. Cooper Group Inc. for $9.4 billion, with the transaction anticipated to close in Q4 2025 [6] - New product offerings include Rocket Mortgage RentRewards and a 1-0 Rate Break Buy Down to support homebuyers [6] Community Engagement - The Rocket Community Fund launched a digital inclusion initiative to provide technology training and internet access to Detroit residents [8]