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Hodges Capital Management CEO Craig Hodges on stocks for investors to consider for their portfolios.
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Let's bring it to upgraded our featured guest is Craig Hodges Hodges capital management CEO and chief investment officer says no company out there has the potential.
To dominate the market like apple but their companies you say that have huge growth potential that apple like.
Yes -- -- spot those.
You know it's sound it.
It's hard to find apple type companies it'll start as a -- company in the -- this behemoth.
But there are a lot of companies that supplied apple and you know the chip -- -- -- -- we don't a couple of chip companies -- -- to black.
Excuse me from hello prop here very -- into the camera the camera that the optic.
Strikes are OK so so the optical sensor when the little -- on the right there yeah Omnivision next that yet how that's the C this is how to do it folks if you don't have a giant apple 'cause you're worried that it's getting a little rich here.
You find something like Omnivision and when we're looking at that stock and let's talk about how it's done has had.
I don't know what they were actually on the four phone Edward Sony replace some of their.
Their production and but that but.
That -- with the with what they're doing in the apples and so we're there's going to be a lot of applications when for the -- -- chief steps of Nokia nine Pierre kind of -- earn a dollar fifty so at fourteen dollars.
It -- it very expensive in.
With the growth of apple will -- -- -- hear your second apple genetics typed name is Cirrus Logic yeah of one of the largest holdings in the Hodges small cap fund.
They make audio chips that mean all the sounds and such that it -- beautifully -- an uptrend.
Passed at 56%.
Check out this chart you can see how well they've done.
Ed and I mean look at that I say that's really great but how much more upside is they're serious they're finding out there's a lot more applications in -- a lot of these devices are not just having one -- -- having several chip -- -- When you have an -- when you have four out I patents and -- you have.
The mini and that bill all the different phones are going to be a lot of applications.
And not just apple they have other other.
Application 88%.
Of your fund -- you run a small cap fund you know 80% of that is in US stocks.
How do you pick stop what you books or -- yeah deciding what to commit snows it's a moving target a lot of different variables in a bit if there's it's so certain things I would say.
You know great management.
Well financed.
We love industries that have high barriers of entry if it's if if a lot of competition they're not gonna do well if they have limited competition they're gonna do well.
You like shoe companies and we can throw up all three of them that you really like court now rocks which is down 2% but they report earnings tomorrow four quarters and I wrote they have beat estimates and that kind of freedom -- they have they realize -- like Steve Madden and Shoe Carnival which is up 33%.
-- seeing a gain of about 25%.
Correct -- -- businesses one area that we've noticed.
Has bucked the economic trend we hear all these.
Why.
Women love shoes -- Eric I they will buy shoes and they you know its denim and she's -- that -- bill skimp on a lot of accessories but they will not skimp on their shoes and we're not skimp on their debt.
Block and say that the only way I skimp on my shoes is -- by designer but I always buy through.
Blue flight -- -- gathers the the big huge honor funny but it did I never five -- retail -- way about -- cheap yeah.
Well fly dot com that's not by much -- -- plug it -- to --
