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

#1 IMBALANCE: The U.S. housing market currently has nearly 500,000 more sellers than buyers, according to a recent analysis by Redfin. There are 34% more sellers than buyers—an unprecedented gap in records dating back to 2013. In other words, it’s a buyer’s market. Historically, home prices tend to cool when the number of sellers exceeds the number of buyers. The strongest buyer's market is in Miami, where sellers outnumber buyers by roughly 3 to 1.

#2 TAKING SHARE: At its recent Investor Day, JPMorgan announced a strategy to increase its national retail deposit market share from 11% to 15%. According to Stephens, the bank has identified eight large expansion markets, primarily in the Northeast and Midwest. It plans to open more than 350 new branches within the next two years. In the top 25 markets where JPMorgan’s deposit share exceeds 15%, the deposit share is, on average, 760 basis points higher than the company’s share of branches. Currently, JPMorgan operates 4,891 branches, representing 6.3% of all U.S. branches, and holds $1.06 trillion in retail deposits, giving it an 11.2% market share.

#3 A PENNY FOR YOUR THOUGHTS… NOT FOR MUCH LONGER: The U.S. will stop producing new pennies, citing sharply reduced demand and the potential for immediate cost savings. Although approximately 114 billion pennies are in circulation, they are significantly underutilized.

#4 SUBSCRIPTION CREEP: According to CNET, four out of five U.S. adults paid for at least one subscription in the past year. Among those, the average monthly spend was $90—or $1,080 annually. Sixty-one percent of subscribers are reconsidering their paid subscriptions due to the current economic climate, and 26% have already canceled one. On average, subscribers spend $17 per month on services they don’t use—more than $200 per year. Streaming and video platforms represent the largest expense category, and millennials outspend all other generations on subscriptions.

#5 ASTONISHING GROWTH: According to Quartr, NVIDIA has grown its Data Center segment by an astounding 20x over the past four years, from $2 billion (36% of total revenue) to $39.1 billion (89% of total revenue).

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