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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 - 6/30/2023

by Hodges Investment Team, on July 6, 2023

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

#1 VIEWPOINTS: According to a new Gallup poll, 38% of Americans are conservative on social issues. That is a rise of +5 percentage points since 2022 and +8 pp since 2021. Conversely, only 29% say they have liberal social views. That is a decline of -5 percentage points over the last two years.

#2 STRESS TEST: The Federal Reserve Board released the results of its annual bank stress test. All 23 banks tested remained above their minimum capital requirements despite projected losses of $541B during the hypothetical recession.

#3 HOUSING SPEND: Between 2017 and 2021, according to the Census Bureau's American Community Survey, 31% of households spent 30% or more of their income on housing.

#4 BURNOUT: A recent survey by AMN Healthcare Services found nearly 1 in 3 registered nurses say they are likely to seek a new job.

#5 FUN FACT: There are 293 ways to make change for a dollar.

 

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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 Capital 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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