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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 - 9/1/2023

by Hodges Investment Team, on September 1, 2023

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

#1 CONSUMER CONFIDENCE: The Conference Board Consumer Confidence Index declined in August to 106.1 from a downwardly revised 114.0 in July. Higher grocery and gasoline prices were key issues, according to write-in responses.

#2 ROUNDS PLAYED: According to the National Golf Foundation, July rounds of golf were up 3.2% y/y. This is the fourth straight month of in-season gains in play nationwide.

#3 COCOA: Hedgeye recently noted that cocoa futures have hit prices not seen in over twelve years as the outlook for global supplies worsens. Ghana is the second largest cocoa producer, and the country’s crop is expected to fall to a 13-year low.

#4 HERD SIZE: According to a report from the United States Department of Agriculture, small-scale cow-calf operations, defined as operations with less than 100 beef cows, account for over 90% of all farms with beef cows and over 45% of all U.S. beef cows.

#5 EVICTIONS: According to data from the Eviction Lab, a Princeton University research group that tracts more than 30 U.S. cities, most cities have reported more eviction filings this year through June than pre-pandemic averages.



 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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