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Hodges Friday Fast Five

"In the investment business, you go to school every day, but never graduate." - Don Hodges

Friday Fast Five - 4/1/2022

by Hodges Investment Team, on Apr 1, 2022 9:36:20 AM

Five interesting things that Hodges Capital research analysts discovered this week...

#1 HOUSEHOLD BUDGET: Gas and utilities spending is taking up a larger share of wallet, while the share of monthly expenditures allocated to new clothes and restaurant meals has declined. Gas price inflation is disproportionately impacting lower-income and rural adults. Adults from households earning less than $50,000 allocated 11.3% of total spending in February to gas and utilities, compared with 9.4% for adults from households earning $100,000 or more. The difference in energy category spending allotments was even more pronounced for rural (13.2%) and urban (9.4%) consumers. – Morning Consult

#2 FINANCIAL LITERACY: Florida Governor, Ron DeSantis, recently signed legislation into law requiring that high school students in the state take a financial literacy course in order to graduate. The bill, titled the Dorothy L. Hukill Financial Literacy Act, requires students to take a half-credit in personal financial literacy and money management. – Fox Business

#3 BIG BUYBACKS: A record $319 billion of share buybacks have been authorized in 2022 so far, compared to $267 billion at the same point last year, according to Goldman Sachs.  

#4 CAR PAYMENTS: According to, the average new car monthly payment now stands at $644, which is up nearly 12% over the prior year’s statistics. It’s an even crazier jump for used vehicles, where loan payments are up 18% and 15% for leased vehicles.

#5 ONCE-IN-A-LIFETIME: Roger Jenkins, CEO of Murphy Oil Corporation, stated that the improvement in commodity prices is “a once-in-a-lifetime opportunity to fix your balance sheet forever.” Murphy Oil Corporation increased its 2022 debt reduction goal to a range of $600 to $650 million, more than double the $300MM outlined at the beginning of the year.

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Hodges Private Client is a program offered through Hodges Capital Management, Inc. (“HCM”). HCM is an Investment Advisory Firm registered with the Securities and Exchange Commission (“SEC”), is a wholly owned subsidiary of Hodges Capital Holdings and serves as investment advisor to the Hodges Funds. HCM is affiliated with First Dallas Securities, Inc, a broker-dealer, and investment advisor registered with the SEC.

This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions.

All information referenced herein is from sources believed to be reliable and is provided as general market commentary and does not constitute investment advice. This material was created for informational purposes only and the opinions expressed are solely those of HCM. HCM shall not in any way be liable for claims and makes no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information. The data and information are provided as of the date referenced and are subject to change without notice.

Hodges Friday Fast Five

We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Private Client research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday. 

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