Friday Fast Five - 10/8/2021
by Hodges Investment Team, on Oct 8, 2021 3:51:00 PM
Five interesting things that Hodges Capital research analysts discovered this week...
#1 IPHONE 13 LAUNCH: Data provided by KeyBanc from several top carriers indicated that the iPhone 13 is experiencing high demand with lean inventories at most locations. Such data should be a positive for semiconductors, suppliers and distributors that are tied to the new phone model.
#2 SHIPPING COSTS: Disruptions in the global supply chain have caused a significant increase in shipping costs and led to delays at several major ports. According to Bloomberg, the cost of shipping a container from China to the West Coast of the U.S. has recently spiked to $20,000 compared to $5,000 at the beginning of this year.
#3 COLLEGE GENDER GAP: A recent report highlighted in the Wall Street Journal noted that the share of men is falling behind women in college enrollment, with women now making up a record 59.5% of all undergrads. The report also indicated that women are far less likely to drop out of college.
#4 SEMICONDUCTOR CAP-EX: Worldwide chip shortages have resulted in a boom for semiconductor capital expenditure growth. According to Empirical Research Partners, semiconductor capital spending is now expected to amount to 17% of the industry’s revenue, which is roughly 4% above the average over the past two decades.
#5 AMERICA’S TEAM: According to Sporti-co, the most valuable NFL football team is the Dallas Cowboys, worth an estimated $6.9 billion compared to the average value of $3.5 billion for teams in the NFL. The least valuable NFL football team is the Cincinnati Bengals, estimated at $2.4 billion.
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