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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 - 8/18/2023

by Hodges Investment Team, on August 18, 2023

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

#1 INLAND EMPIRE: According to a recent Wall Street Journal Article, the warehouse vacancy rate in the “Inland Empire,” an area with over a billion square feet of warehouses covering 40 square miles, topped 3.8% in the second quarter. With data from real-estate services firm Savills, this is the first time in two decades that more warehouse space is becoming available than leased within the area servicing the nation’s largest container ports.

#2 MILLIONAIRES: According to a research project by Ramsey Solutions, teachers rank third, behind engineers and accountants, on a top-five list of careers most likely to have millionaires within their ranks. Business professionals and lawyers ranked fourth and fifth.

#3 CAR PRICES: With a starting price of $17,340, including shipping, the Mirage was the only vehicle in the U.S. that transacted under $20,000 in July, according to Cox Automotive. What’s more, Edmunds reports that just 17% of new vehicles are now selling for under $30,000, compared to 44% five years ago.  

#4 MECHANIC SHORTAGE: The Wall Street Journal reported that the average auto repair took more than 17 days to complete last year, up 65% from just over 10 days in 2019.

#5 SPORT VALUATIONS: The Dallas Cowboys, at $9.2B, topped a recent Sportico list of most valuable sports franchises in the world. The Cowboys also became the second franchise after FC Barcelona to top $1B in revenue for a single season.  



 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 Capital 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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