Friday Fast Five - 8/26/2022
by Hodges Investment Team, on Aug 26, 2022 7:00:00 AM
Five interesting things that Hodges Capital research analysts discovered this week...
#1 SAVING LESS: Fidelity recently published a new report on retirement trends that found 55% of adults between 18-35 years old put retirement planning on hold during the pandemic, and 45% did not intend to start saving for retirement until the economy returned to normal. Furthermore, 39% of these respondents said they expect to retire later than normal.
#2 UTILITY BILLS: At least 20 million households - or about 1 in 6 American homes - are behind on their power bills as soaring electricity prices spark what is said to be the worst-ever crisis in late utility payments, according to Bloomberg.
#3 GASOLINE PRICES: Gasoline prices in the U.S. have fallen for 70 days straight, the longest down streak since January 2015 per Rigzone.
#4 NATIONAL FOOTBALL LEAGUE: Forbes unveiled its list of the most valuable NFL teams in 2022, and the Dallas Cowboys lead the group at a world-record $8B. The NFL’s 32 teams are now worth an average of $4.47B, a 28% y/y increase.
#5 BUYBACK BOOM: According to Strategas, stock buybacks have reached nearly $1 trillion over the trailing four quarters. Stock buybacks could further increase in the remainder of this year as companies pull forward their repurchases in 2022 ahead of a new 1% buyback tax that will take effect on January 1, 2023.
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