After the price tested the low support area, something I didn't expect to happen again now, we can see a strong reversal move that can push the price higher. I hope this will be the beginning of the upward trend. In my personal opinion, $ UWMC is highly undervalued as a stock.
This one is throwing me off. United Wholesale is number 2 is all loans served and made huge revenues over the past year and quarter. I think the whole spac thing is pulling them down, but waiting until people figure out how much money they are actually making and hoping the stock shoots up. Even conservatively it seems to be worth much more than where it is currently trading. Also considering the housing marking is continuing to boom with no short term end in sight.
Could be one of the biggest undervalued plays out there right now considering revenues and earnings.
KlejdiCuni
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@terlynch62, Yes totally agree with you. I have shared the same ideas as you in my previous analysis for UWMC. Their revenue is really impressive. The only bad thing that I don't like is the war with the Rocket Company (RKT) that they are doing. They are also putting pressure on other operators in this way, conditioning the freedom of choice. Once this fight between $ UWMC and $ RKT is over, I believe that the buyers will return to invest in this stock again. Also, their "Jumbo" product is very innovative and competitive in the market. Thank you for sharing your opinion.
FuboTV
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this is a ticking time bomb ready to go up!
KlejdiCuni
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@jau6274, I hope that UWMC, is going to play that scenario. I am fully loaded with it:)