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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 - 10/1/2021

by Hodges Investment Team, on Oct 1, 2021 3:50:00 PM

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

#1 AUTO PRODUCTION: The global automotive industry is expected to experience a $210 billion revenue impact in 2021 from the semiconductor shortage. It is now forecasted that roughly 7.7 million units of production will be lost this year, according to consulting firm AlixPartners. 

#2 EARNINGS HEADWINDS: Factset data has shown a flattening of upward revisions to earnings estimates for the S&P 500 since May. With the third-quarter earnings season just a few weeks away, supply chain disruptions and labor shortages have become more apparent across several industries, providing a potential headwind to margins in the September quarter.  

#3 CEO QUOTE: Jeffrey T. Mezger, Chairman & CEO of KB Home, “The credit profile of our buyers is above our historical level, with an average FICO score of 731 and down payment of 14%, translating to almost $60,000, which is noteworthy for a first-time buyer.”  

#4 PANIC SELLING: A recent study on behavioral finance conducted by researchers at the Massachusetts Institute of Technology (MIT) identified, after analyzing more than 600,000 brokerage accounts, that married men over the age of 45 are the most likely to panic sell their portfolios during a market selloff.

#5 ELECTRIC VEHICLES: Although electric vehicles (EVs) represent only 3% of the total number of global new autos sold today, Wedbush estimates EVs could grow to 10% by 2025 and 20% by 2030.  

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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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