Friday Fast Five - 10/7/2022
by Hodges Investment Team, on Oct 7, 2022 7:00:00 AM
Five interesting things that Hodges Capital research analysts discovered this week...
#1 TAPPING THE BRAKES: 45% of Americans say they are driving less than they did before the pandemic, according to a survey released by NACS - The Association for Convenience and Fuel Retailing. 60% of drivers say that gas prices are the main reason they drive less than they did pre-pandemic, up from 44% in the February survey
#2 LET’S TAKE A VACATION: According to a new survey by Allianz Partners, Americans have been taking more vacations than ever since the survey began in 2009. In 2022, the survey showed that 57% of US adults said they took at least a week-long vacation compared to 44% in 2021.
#3 RETHINKING THE OLD COLLEGE TRY: According to an economic well-being survey by the Federal Reserve, many liberal arts majors have buyer's remorse. The study indicated that 48% of those that majored in humanities and arts wish they had chosen a "different field of study."
#4 WOOF! WOOF! Pet adoptions have slowed from pandemic levels. Still, they remain above pre-pandemic levels based on Euromonitor and Shelter Animals Count data, a trend that could persist with hybrid work habits becoming more permanent.
#5 A 2 MILLION DOLLAR HOME RUN: JP Cohen, President of Memory Lane Auctions, offered 2 million dollars to whoever caught Aaron Judges' 62nd home run ball. Judge broke the Roger Maris’ home run record of 61 on October 4th at Globe Life Field in Arlington, Texas. The fan who caught the ball has yet to announce his intentions.
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