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Why Rocket Lab Stock Popped on Monday

TheMotleyFool

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Why Rocket Lab Stock Popped on MondayPhoto, wide shot, wide-angle lens, Metal fabrication, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.midjourneyapi.xyz/temp/568784d0-c41a-4663-ab01-91f29a370903.png

After slumping at the start of the month, Rocket Lab (NASDAQ: RKLB) stock is getting its groove back post-holiday on Monday.

Thanks to an over-the-weekend endorsement from over-the-ocean investment bank Deutsche Bank, shares of the small space rocket manufacturer gained 1.8% through 1:40 p.m. ET.

Scanning the stock market and settling upon six industrials stocks "to buy hold for the next 12 months," Deutsche included well-known names like Delta Air Lines and First Solar, but also tiny Rocket Lab, which the banker rates a buy -- and says could double in share price over the next year.

Source Fool.com