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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 - 7/21/2023

by Hodges Investment Team, on July 21, 2023

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

#1 SOCIAL NETWORK: On its best day, July 7, Threads had more than 49 million daily active users on Android worldwide, according to Similar web estimates. By Friday, July 14, Threads was down to 23.6 million active users. 

#2 SUPPLY CHAIN: US imports from China represent just 13.5% of all imports year to date, the lowest level since 2005, as companies are reducing their overdependence on China supply chains, according to Strategas.

#3 BACK-TO-SCHOOL: Spending per child is expected to decrease 10% this year to $597, according to Deloitte’s 16th annual back-to-school survey. The focus is replenishing necessities, such as school supplies, while holding off on nonessential purchases like tech and apparel.

#4 HOUSING: Just 14 of every 1,000 US homes have changed hands so far in 2023, marking the lowest house turnover rate in at least a decade, according to real estate firm RedFin. Overall, prospective home buyers face a market that is 28% smaller than in 2019.

#5 SHIP LENGTH: Royal Caribbean’s newest mega-ship, Icon of the Seas, is planned to make its maiden voyage in early 2024. The ship measures 1198 feet in length and is the longest cruise ship in the world by 10 feet.


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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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