Five interesting things that Hodges Capital research analysts discovered this week...
#1 LOVE ON THE ROCKS: Are singles losing faith in dating? A new poll from the Survey Center on American Life reveals that single Americans are becoming increasingly pessimistic about finding a partner, distrustful of dating apps, and divided by politics. Disillusionment with dating apps has also grown, with approximately 46% of users reporting that the experience left them feeling pessimistic, while only 17% said it made them feel optimistic.
#2 RED METAL RALLY: Since the start of 2025, copper prices have surged more than 25%, surpassing $5.00 per pound. The increase is largely attributed to concerns over proposed U.S. tariffs on copper imports, which have led to stockpiling in certain markets.
#3 TECH SENTIMENT: According to data compiled by Strategas, investor sentiment toward technology stocks has turned negative in recent weeks. Although technology still comprises over 30% of the S&P 500, the sector has experienced significant capital outflows, leading all other ETF sectors in the recent equities sell-off.
#4 2024 TAX REFUNDS: Six weeks into tax refund season, recent government data shows an increase in federal tax refunds compared to last year. Cumulative tax refunds are 8-10% higher than in 2024, with the weekly refunded amount up 15% this past week. Historically, such refunds have translated into elevated short-term consumer spending.
#5 ICE FUNDING: The most recent Continuing Resolution to keep the federal government funded has significantly increased spending on Immigration and Customs Enforcement (ICE). The estimated $500 billion increase for immigration detention and deportation represents an incremental 5% uptick in 2025. A portion of this funding is expected to support the reactivation of idle facilities owned by CoreCivic and The Geo Group.
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