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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 - 9/17/2021

by Hodges Investment Team, on Sep 17, 2021 8:48:52 PM

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

#1 BLACK GOLD: According to a report from Strategas, only one sell-side firm out of the 19 that regularly publish a crude oil market has an oil forecast north of $70 for WTI by the end of 2021. We believe such complacency in Wall Street’s view of the commodity could signal a contrarian opportunity among many unloved energy related stocks in the coming months.
#2 TEXAS LAND RUSH: According to a recent bulletin from Texas A&M the surge in demand for rural land that started in 2020 has turned into a frenzy in 2021 with average prices in the State soaring 9.5% year to date to a record $3,251 per acre.

#3 USED CARS REMAIN HOT: The Manheim U.S. Used Vehicle Value index pushed to a new historical high last week, which reflected a 48.1% year/year increase from May of 2020. Higher prices are a function of heightened demand for used vehicles and should translate into higher profit margins for used car dealerships.

#4 THE ROLE OF PHARMACISTS MAY EXPAND: “The Pharmacy and Medically Underserved Area Enhancement Act” was introduced by Senator Charles Grassley (R-IA), Senator Robert Casey (D-PA) and Senator Sherrod Brown (D-OH) according to BTIG. The bill would allow pharmacists to deliver some Medicare Part B services that are already authorized under state law, and may include medication management, management of chronic disease, cholesterol testing, point of care testing, immunization screening, tobacco cessation services, and transition of care services.

#5 THE RESTAURANT RECOVERY CONTINUES TO ROLL: As recovery continues, restaurant sales accelerated during the week and posted its 11th consecutive week of growth and the best results in the last six weeks. Guest checks continue growing at an accelerated pace, both year over year as well as compared to 2019.

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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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