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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 - 9/30/2022

by Hodges Investment Team, on Sep 30, 2022 7:00:00 AM

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

#1 CONSUMER SURVEY: KeyBanc surveyed over 1,000 domestic consumers between August 29 and September 7 and found that inflation concerns among all income levels remain near all-time highs in their data going back to 2Q18.

#2 BUYBACKS: With 2Q data finalized, the trailing 4-quarter dollar value of share repurchases has surpassed $1 Trillion, according to Strategas.

#3 INTERNET: According to the Federal Communications Commission, more than 97% of people had access to high-speed internet in 2021. Even more, the number of internet downloads increased by 26% between 2020 and 2021, while uploads grew by 49%.

#4 EGGS: The USDA division of Animal and Plant Health Inspection Service reported that approximately 35.6 million commercial layer hens and 1.0 million pullets have been depopulated due to the highly pathogenic avian influenza (HPAI). The total number of layer hens in the U.S. is currently around 305 million.

#5 61: Aaron Judge hit his 61st home run of the season Wednesday night, tying Roger Maris’ American League record that had stood for 61 years.

 

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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