RKT most bullish scenarioThis is what I see as the most bullish outcome for RKT. Personally I don't think we will se it coming close to the all time high levels again before closer to Q3 or Q4 2021, although the H&S pattern shows us that a move to ≈27 is very likely in the next few weeks or even months. I won't go into the fundamentals of the company on this post, although I will say, they look decent/good, therefore holding the stock for the next couple of months won't be risky at all, as I could never see the stock going lower than 17,65. In conclusion, I think this is a stock with a lot of potential up-side and very little risk at this moment of time. It's a great 'speculative' play.
Rkt
RKT LongRKT broke out of the falling wedge last week and it jumped big. But didnt run enough bc spy was falling.
RKT seems to be forming a strong support around 20.73 and i see it running more next week.
Entry: 20.81 (0.236 fib)
SL: 20.50 (tight SL)
PTs: 21.35, 21.89, 22.76
Bullish over 21.06 (local resistance)
$AHT HOSPITALITY STOCK 500%+ PROFIT AFTER ECONOMIC RECOVERY"When the pandemic hit, some people still had to travel to see family and conduct business. Traveling nurses needed places to stay while helping overburdened hospitals. And in the months since, leisure travel has picked up somewhat and business travel is starting to make a bit of a comeback. On the other hand, group travel stopped. Every large-scale gathering scheduled beyond mid-March 2020 was cancelled, and they haven't started back up yet." - Motley Fool
The Ashford Hospitality Trust continues to do fight through the adversity that the COVID-19 pandemic has thrown at them.
After inevitably needing to conduct a Reverse Split on July 1st, 2020 (RS 1 for 10)...
Most of its holdings took a massive hit, so in order for their stock to not get delisted they did the RS.
But the company will return back to full strength as the economy recovers due to the COVID-19 Vaccine.
PRIOR TO COVID:
ANNUAL REVENUE: $1.3 - $1.5 BILLION
SOLID QUARTERLY DIVIDEND: APPROX $0.40 - $0.60
Recent News:
BlackRock Inc increases Ownership in Ashford Hospitality Trust Inc 13.3%
S-11 Form Filing showing main goal for the "acquisition of hotel properties, in whole or in part, that we expect will be accretive to our portfolio."
Things looking good still for healthy growth.
List of Hotels in Ashford Hospitality Trust:
Hotel / Location / State/ Brand / Total Rooms
1 One Ocean Atlantic Beach, FL Florida Independent
2 Ritz-Carlton Atlanta Atlanta, GA Georgia Ritz-Carlton
3 W Atlanta Downtown Atlanta, GA Georgia The W
4 Embassy Suites Flagstaff, AZ Arizona Embassy Suites
5 Embassy Suites Santa Clara - Silicon Valley Santa Clara, CA California Embassy Suites
6 Embassy Suites Walnut Creek Walnut Creek, CA California Embassy Suites
7 Embassy Suites Orlando Airport Orlando, FL Florida Embassy Suites
8 Embassy Suites Palm Beach Gardens Palm Beach, FL Florida Embassy Suites
9 Embassy Suites Las Vegas, NV Nevada Embassy Suites
10 Embassy Suites Portland - Downtown Portland, OR Oregon Embassy Suites
11 Embassy Suites Philadelphia Airport Philadelphia, PA Pennsylvania Embassy Suites
12 Embassy Suites Austin, TX Texas Embassy Suites
13 Embassy Suites Dallas, TX Texas Embassy Suites
14 Houston Embassy Suites Houston, TX Texas Embassy Suites
15 Embassy Suites Crystal City - Reagan Airport Arlington, VA Virginia Embassy Suites
16 Embassy Suites Herndon, VA Virginia Embassy Suites
17 Hilton Costa Mesa Costa Mesa, CA California Hilton
18 St. Petersburg Hilton St. Petersburg, FL Florida Hilton
19 Hilton Tampa Westshore Tampa, FL Florida Hilton
20 Hilton Boston Back Bay Boston, MA Massachusetts Hilton
21 Hilton Minneapolis St. Paul Airport Bloomington, MN Minnesota Hilton
22 Hilton Parsippany Parsippany, NJ New Jersey Hilton
23 Hilton Santa Fe Santa Fe, NM New Mexico Hilton
24 La Posada Santa Fe, NM New Mexico Tribute Portfolio
25 Ft. Worth Hilton Ft. Worth, TX Texas Hilton
26 Hilton NASA Clear Lake Houston, TX Texas Hilton
27 Hyatt Regency Coral Gables Coral Gables, FL Florida Hyatt
28 Hyatt Regency Savannah Savannah, GA Georgia Hyatt
29 Hyatt Regency Long Island Long Island, NY New York Hyatt
30 Omaha Marriott Omaha, NE Nebraska Marriott
31 Marriott Bridgewater Bridgewater, NJ New Jersey Marriott
32 Marriott Research Triangle Park Durham, NC North Carolina Marriott
33 DFW Airport Marriott Dallas, TX Texas Marriott
34 Marriott Suites Market Center Dallas, TX Texas Marriott
35 Sugar Land Marriott Houston, TX Texas Marriott
36 Marriott Gateway Crystal City, VA Virginia Marriott
37 Marriott Fremont Fremont, CA California Marriott
38 Marriott Memphis East Memphis, TN Tennessee Marriott
39 Marriott Beverly Hills Beverly Hills, CA California Marriott
40 Renaissance Palm Springs Palm Springs, CA California Renaissance
41 Nashville Renaissance Nashville, TN Tennessee Renaissance
42 Sheraton Anchorage Anchorage, AK Alaska Sheraton
43 Sheraton San Diego Mission Valley San Diego, CA California Sheraton
44 Sheraton Indianapolis City Centre Indianapolis, IN Indiana Sheraton
45 Minnetonka Sheraton Minneapolis, MN Minnesota Sheraton
46 Sheraton Bucks County Langhorne, PA Pennsylvania Sheraton
47 Sheraton Ann Arbor Ann Arbor, MI Michigan Sheraton
48 Westin Princeton Princeton, NJ New Jersey Westin
49 Le Meridien Minneapolis Minneapolis, MN Minnesota Le Meridien
50 Hilton Alexandria Old Town Alexandria, VA Virginia Hilton
51 Hilton Santa Cruz/Scotts Valley Santa Cruz, CA California Hilton
52 The Churchill Washington, DC District of Columbia Independent
53 The Melrose Washington, DC District of Columbia Independent
54 Silversmith Hotel Chicago, IL Illinois Independent
55 WorldQuest Resort Orlando, FL Florida Independent
56 Historic Inns of Annapolis Annapolis, MD Maryland Independent
57 The Ashton Ft Worth, TX Texas Independent
58 Lakeway Resort & Spa Austin, TX Texas Independent
59 Le Pavillon New Orleans, LA Louisiana Independent
$RKT Breakout Coming Soon after 3 Month Squeeze (25%+ Spike)Rocket Companies remains one of the most undervalued stocks...
The last two Earnings Reports $RKT has continuously to outperformed their expected EPS by a substantial margin. Along with other highly impressive financials.
The CEO Jay Farner was quoted on their IPO Day stating, "The company's profits are so high there is a Good possibility for Dividends..."
That day will soon come... which will cause this Stock to spike higher than what I am currently expecting, 25%-28% after the market reacts to the COVID-19 Vaccine from $PFE & $MRNA.
The whole real estate / mortgage sector should spike substantially...
RKT Potential LongRKT rocketed today after breaking out and then retesting from a falling wedge yesterday. Today It completed a head and shoulders patten visible on the 4h and the daily.
I think it will retest support on lower trend line, breakout of the head and shoulders and ultimately reach targets of 22.50 and eventually 24.
There is resistance at 23 that I have not marked out in this Idea.
$RKT slowly climbing for take off Rocket is slowly regaining its momentum and building base. There was a lot of institutional buying on dips. I am considering buying more shares if market keeps selling off. I consider this being a long term investment with huge upside after earnings. My short term target 28-30 by Mid/end November . Cheers
RKT and ASPS Hedge Hard to speculate potential profit targets for either of these , It's easy to say RKT will be back up around $30 at some point in the near future though. I like RKT and I personally see a lot of upside potential . However , the default rates on mortgages are up considerably at this time and the future of the world economies is uncertain . On one hand, the interest rates will likely stay quite low for the coming years and that will help to fuel new mortgages and growth. At the same time , we also need to see GDP go up and unemployment rates remain acceptable to help defend against a continuation of rising default rates and a possible spike in mortgage foreclosures . I personally am really uncertain about what will happen . So , I have decided to hedge my position of RKT with ASPS.
ASPS , in short, does well if there are higher rates of foreclosures , basically the opposite of RKT. Look at ASPS's historical performance after the 2008 real estate crisis . It is possible that we could see a similar scenario play out going forward .
At this time, ASPS is also available at a fairly low price based on their potential and price history. ASPS is not in the best of shape at this time, they have lost their foreclosure related income due to government restrictions on foreclosures and currently have negative EPS (TTM) of $-22.11. Eventually, the foreclosure protection will have to end and I think this is an opportunity to buy ASPS at a signification discount. Therefore I have hedged my account by longing RKT and ASPS with equal position sizing (dollar amount).
I think we need to be patient with this one though . I see ASPS as a 5 year hold , as for RKT I think I will consider swing trading based on the chart patterns , my first TP will be around $35 but I will wait for signs of a reversal before I sell and get back in on the following dip.
Good Luck , Stay balanced ~