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

#1 Earnings Season: With the 1Q22 earnings season now well underway, year-over-year earning growth among the S&P 500 reached an excess of 10%, according to Srategas. As widely anticipated, energy has been the most substantial sector for year-over-year earnings improvement, while financials have been the weakest.

#2 Time to Get Away? According to travel agency data from Airlines Reporting Corp., domestic roundtrip airfare between Memorial Day and Labor Day is expected to average $526, up more than 21% from 2019.

#3 Tanking Treasuries: This has been the worst start to the year for returning 10-year U.S. Treasuries since 1788, just before George Washington became president.

#4 Potash: Belarus and Russia control roughly 40% of the World's potash supply, a key input for agriculture production. As a result of the Russian invasion of Ukraine and global supply disruptions, demands for Canadian potash have increased exponentially, representing roughly 40% of the World's production.

#5 Used Cars: "There's plenty of demand. If the used vehicle prices fall back below $25,000, look out because there's a lot of cars are going to be sold. And a lot of those that are suffering that acquire a lot of cars on auctions are going to benefit in a big way". – Frank Dyke, President of Sonic Automotive.

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