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Jim Cramer Calls Rocket Company a 'Fallen Angel'

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Rocket  (RKT) reported earnings. 

The company said that it made 89 cents per adjusted diluted share on non-GAAP adjusted revenue of $4.04 billion.

“This was the sixth consecutive quarter where our team was able to double the company's home loan volume year-over-year,” said Jay Farner, Rocket Companies' Vice Chairman and CEO, in a statement. “Rocket Auto increased the number of vehicles it sold 65% compared to this time last year, Amrock achieved its highest level of closings in company history with an increase of 110% from the first quarter of 2020, and Rocket Homes increased the average monthly visitors on its website by more than 300% versus Q1 last year,” he said in the statement.

However, despite the selloff in the stock on Thursday, Jim Cramer's still eyeing it. 

Recap TheStreet Live: Everything Jim Cramer Is Watching Thursday

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