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

#1 USED CARS: July used car prices were down 3.8% m/m non-seasonally adjusted and down 10.7% y/y according to Manheim.

#2 CRUISING: According to a Cruise Lines International Association poll, 73% of Millennials and Xers are interested in taking a cruise. And among those who have already taken one, 88% of Millennials and 86% of Xers would do it again.

#3 TRADE: Mexico is now the US’s top trading partner, reflecting the rise in cross border manufacturing relationships according to a recent article from the Federal Reserve Bank of Dallas.

#4 EARNINGS: Over 84% of the S&P 500’s market cap has reported, and earnings are beating estimates by 7.2% with 75% of companies topping projections per Credit-Suisse. Also, value is delivering strong revenue and EPS growth vs. growth.

#5 CEO QUOTE: “I’ve always believed that an innovative culture is built on core values that never change. When you control your core values the ‘how’ can evolve with the times.” – Farooq Kathwari, Ethan Allen Interiors

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