Rocket stock climbs after Q2 Holdings adds Rocket Mortgage to platform
Rocket Companies (NYSE:RKT) stock jumped 5.4% in late Thursday morning trading after its mortgage arm, Rocket Mortgage, entered a partnership to offer its digital home loan application process to banks and credit unions on Q2 Holdings' (NYSE:QTWO) lending platform.
Rocket (RKT) Mortgage will be added to the Q2 (QTWO) Innovation Studio ecosystem. The Q2 Partner Marketplace Program provides an app store-line experience for financial institutions to evaluate, select and deploy applications from a catalog of pre-integrated third-party products with no up-front investment, Q2 Holdings said.

This Rocket Mortgage (RKT) offering through Q2's Innovation Studio (QTWO) will enable community banks and credit unions to serve the residential mortgage needs of their communities at no cost to the financial institution â including no implementation or subscription fees, QTWO said.
In the past five sessions Rocket (RKT) shares have outperformed Global X FinTech Thematic ETF (FINX), and other lending and fintech stocks, including LendingClub (LC), PayPal (PYPL), and Block (SQ) as seen in chart below.
SA contributor The Insiders Forum, though not bullish on Rocket (RKT), expects the lender to survive the housing slump