--- title: Friday Fast Five - 8/23/2024 description: 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. image: https://blog.hodgescapital.com/hubfs/Hodges-FridayFastFive.jpg --- [![Hodges-Logo-1](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=215&height=98&name=Hodges-Logo-1.png "Hodges-Logo-1")](https://www.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** [![](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=521&height=237&name=Hodges-Logo-1.png)](https://blog.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** **Menu** ** ** ![Outside 1-1-2](https://blog.hodgescapital.com/hs-fs/hubfs/Outside%201-1-2.jpeg?width=4106&name=Outside%201-1-2.jpeg "Outside 1-1-2") # Hodges Friday Fast Five *"In the investment business, you go to school every day, but never graduate." - Don Hodges*   # Friday Fast Five - 8/23/2024 by [Hodges Investment Team](https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team), on August 23, 2024 Five interesting things that Hodges Capital research analysts discovered this week... **#1 ****CU SUPPLY:** According to the International Energy Agency, with the world copper market estimated at $183B, existing mines and projects under construction are only expected to meet 80% of copper needs by 2030. The potential metal shortage could impact the growth of electrical infrastructure investments, green energy, E.V. adoption, and A.I. data centers. **#2** **GROWTH EXPECTATIONS: **With the 2Q24 earnings season largely behind us, topline growth for the S&P500 was north of 5% in the recent quarter. However, revenue growth expectations for 3Q24 have come down meaningfully from 7.3% to 4.4% in just the past six weeks, according to Strategas.  Energy remains the weakest, with an expected 3Q24 year-over-year decline of -14.4%. **#3 ****EGG PRICES: **The impact of the highly pathogenic avian bird flu has increased egg prices as producers shrink their laying flocks. Although egg prices had moderated in the spring, prices in July spiked 19.1%, according to CPI data. **#4 ****CONSUMER CREDIT: **A combination of above-average credit balances and +20% interest rates have moderated consumer credit card balances, which have come down two out of the past three months. Piper Sandler forecasts that delinquencies will continue to rise due to a softer labor market and cooling wage gains.     **#5 ****WEST COAST PORT DATA: **Goldman Sachs reported this week that the “Big Three” west coast ports (L.A., Long Beach, and Oakland) saw above trends in July of +20% year-over-year growth compared to the five-year average of +1%.    *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 Capital research analysts list the five most interesting things they discovered that week. 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