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

Rocket Companies has been down in the dumps, but its shares could be due for a bounce following its latest string of acquisitions, according to Josh Brown. The fintech and homeownership services company is down roughly 20% since the beginning of the year, despite a broader real estate rally. But that doesn’t mean there’s more downside ahead, Ritholtz Wealth Management CEO and co-founder Josh Brown said Tuesday on CNBC’s “Halftime Report.” “This is a company that spent the mortgage nuclear winter making acquisitions,” Brown said. “And now, with this combination of assets, I think the CEO is on the right track, and what he wants to build is the dominant mortgage-to-housing platform.” Last October, Rocket completed the acquisition of Mr. Cooper , a large mortgage servicer, for more than $14 billion. Following the deal, Rocket services nearly 10 million homeowners. That adds to its purchase of real-estate brokerage platform Redfin , completed a few months earlier. Rocket seems to be poised for a bounce as the real estate industry rallies. The State Street Real Estate Select Sector SPDR ETF risen 7% in the year to date. Stocks in the sector, including Rocket, could also see more upside if the Federal Reserve cuts interest rates again, or Treasury yields pull back to where they were before the Iran war. Traders expect no move from the Federal Reserve at its policy meeting next week, according to fed funds futures trading data collected on the CME Group’s FedWatch tool. DISCLOSURES: All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OUR DISCLOSURE. Click here for the full disclaimer.