Hodges Fast Five

Friday Fast Five - 1/13/2023

Written by Hodges Investment Team | Jan 13, 2023 1:00:00 PM

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

#1 RESHORING REALITY: According to a Deloitte survey of large U.S. manufacturers, 62% have started reshoring activities to build a more resilient supply chain in the wake of Covid, the Ukraine War, and China uncertainty. As a result, an estimated 350,000 U.S. jobs were added in 2022 due to reshoring.         

#2 AUTO SALES: 2022 was the worst domestic new vehicle sales year in more than a decade. Cox Automotive estimates that 13.8 million new vehicles were sold last year, reflecting a year-over-year decline of 8.5%.        

#3 TOYS: Adults now make up a growing share of the U.S. toy industry. According to NPD data, adults over 18 now make up $5.7B, or 14% of toy sales in the U.S.      

#4 NEARSIGHTEDNESS: Recent data presented by Bausch and Lomb at the JP Morgan Healthcare Conference suggest an alarming rise in myopia or nearsightedness due to phone and computer screen use.          

#5 STEEL PRICING FIRM: A survey by Morgan Stanley of U.S. steel producers, distributors, traders, and end users indicated that 100% expected finished steel prices to remain steady or increase in January from December, and 73.7% were neutral or bullish on future pricing trends beyond January.

 

 

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