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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 - 8/25/2023

by Hodges Investment Team, on August 25, 2023

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

#1 BANKRUPTCIES: So far, in 2023, over 400 corporations have gone under. According to Visual Capitalist, corporate bankruptcies are rising at the fastest pace since 2010 (barring the pandemic) and are double the level seen this time last year.

#2 DINING OUT: Due to the popularity of delivery apps surging during the pandemic, the Wall Street Journal reported that dine-in customers represented just 14% of visits across all U.S. fast-food restaurants in the first five months of 2023.

#3 FREIGHT: The freight market downcycle is now over 19 months old, which compares to a range of 21-28 months in the past three downcycles, according to the Cass Freight Index.

#4 PANAMA CANAL: A severe drought in Panama has led to increasing restrictions on ships using its famous canal. The queue was recently over 260 ships long, which was 16% longer than this time last year, according to the Financial Times.

#5 OBESITY: Data from the Behavioral Risk Factor Surveillance System indicate the percentage of U.S. adults with obesity is over 42%.



 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. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday. 

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