The Cooper Companies, Inc.

(NASDAQ Global Select)
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Slightly Bullish +25

This real estate stock has been getting crushed this year. Why Josh Brown likes it

AI-generated analysis

πŸ“‰ Rocket Companies shares are down approximately 20% year-to-date despite the broader real estate sector rally.

πŸ’Ό Josh Brown, CEO of Ritholtz Wealth Management, argues the stock is poised for a bounce following recent acquisitions.

🏑 In October 2025, Rocket completed a $14 billion acquisition of Mr. Cooper, bringing total serviced homeowners to nearly 10 million.

πŸ”„ Rocket also previously acquired the Redfin real-estate brokerage platform, combining assets into a mortgage-to-housing platform strategy.

βš–οΈ Brown believes CEO Alan Sposato is on the right track to build a dominant market position despite the "mortgage nuclear winter."

πŸ“ˆ The State Street Real Estate Select Sector SPDR ETF has gained 7% year-to-date, signaling potential sector-wide upside.

🏦 Potential stock price improvements depend on Federal Reserve interest rate cuts or Treasury yields pulling back pre-Iran war levels.

⚠️ Current Fed funds futures data indicate traders expect no policy move from the Federal Reserve at its upcoming meeting next week.

❗ The article includes standard financial disclaimers stating opinions are those of contributors and not CNBC or Ritholtz Wealth Management.

πŸ”’ Josh Brown may maintain a security position in Rocket Companies, which is a relevant conflict of interest to note.

Bullish Signals
  • Rocket Companies is well-positioned for a potential stock bounce following its latest string of acquisitions, according to analyst Josh Brown.
  • The company recently completed the $14 billion acquisition of Mr. Cooper, expanding its services to nearly 10 million homeowners.
  • Rocket also acquired Redfin earlier, helping it build toward its goal of becoming a dominant mortgage-to-housing platform.
  • With the broader real estate industry rallying and the State Street Real Estate Select Sector SPDR ETF up 7% year to date, Rocket could see upside potential.
  • Future interest rate cuts from the Federal Reserve or Treasury yields pulling back could further boost stocks in the sector.
Risk Factors
  • Rocket Companies shares are down approximately 20% year-to-date despite a broader rally in the real estate sector.
  • The company recently completed costly acquisitions, including Mr. Cooper for more than $14 billion last October and Redfin earlier.
  • Traders expect no move from the Federal Reserve at its upcoming policy meeting, potentially keeping interest rates elevated.
Full Analysis
Rocket Companies has fallen approximately 20% since the beginning of March 2026, underperforming despite a broader rally in real estate sectors, which are currently up roughly 7% year to date. Josh Brown, CEO and co-founder of Ritholtz Wealth Management, argues that this decline may present an opportunity for a bounce. Brown highlighted the company's strategy of acquiring assets during what he termed a "mortgage nuclear winter," specifically noting the completion of a $14 billion acquisition of Mr. Cooper in October and an earlier purchase of Redfin. According to Brown, these acquisitions allow Rocket to nearly service 10 million homeowners, positioning it as a potential dominant mortgage-to-housing platform that is moving in the right direction. The article suggests that stocks like Rocket could see further upside if interest rates are cut again by the Federal Reserve or if Treasury yields retreat from levels influenced by geopolitical tensions such as the Iran war. However, current market expectations for a Fed policy meeting next week are currently priced in at no change based on CME Group’s FedWatch tool data. The article concludes with standard disclaimers regarding financial advice, noting that Brown may hold securities in the company discussed and that opinions expressed do not reflect CNBC's official policy.