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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 - 6/2/2023

by Hodges Investment Team, on Jun 2, 2023 7:00:00 AM

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

#1 MARKET PARTICIPATION: Although year-to-date gains in the S&P 500 have been supported by a narrow group of stocks, the number of U.S. investors in the market is broader than a few years ago. An April Gallup poll revealed that 61% of U.S. adults are invested in the stock market, up from 58% a year ago and the highest share since 2008. 

#2 HOME PRICES: Redfin analysis of real estate trends show that home prices in Miami are up 10.9% from a year ago, close to a record high, while prices in San Francisco are down 10.1% from a year ago. The divergence in price growth between these two markets is close to the largest in over three decades.    

#3 RISING DEPRESSION: According to a new survey by Gallup, 29% of U.S. adults said they had been diagnosed with depression at least once in their lifetime, up from 19% in 2015 when Gallup first asked the question.            

#4 STAY A LITTLE LONGER: Major hotel chains such as Marriott and Hilton are investing heavily in extended-stay hotels, as these hotels experienced occupancy rates of nearly 75% last year, well above the 63% rate for average hotel rooms, according to hotel data tracker STR.

#5 PINBALL RESURGENCE: Stern Pinball, the largest pinball machine manufacturer, reported that sales of new machines had increased 15-20% since 2008. Furthermore, the International Flipper Pinball Association sanctioned roughly 8,300 tournaments last year, up fourfold from 2014.

 

                                                                    

 

Hodges Private Client is a program offered through Hodges Capital Management, Inc. (“HCM”). 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 Private Client 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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