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

#1 Holiday Demand Indicator: “So as we look at the peak forecast, that's the best way to tell you where we are. As you know, 100 of our customers — most of them enterprise customers — make up 80% of our peak surge. What those large customers have told us is that they expect a good peak, with the surge about 60% higher than current volumes. That’s the same surge we’ve seen over the past three years.” — Carol Tomé, CEO, UPS

#2 Market Correction Catalysts: Rising interest rates, rising unemployment, and exogenous shocks were the three common catalysts identified by Piper Sandler & Co. across each of the 28 S&P 500 corrections of 10% or more over the past 60 years.

#3 Increased Corporate Confidence: Only 5% of S&P 500 companies reporting so far have cut guidance — better than the 14% rate seen in each of the prior two quarters, according to RBC Capital Markets.

#4 Hurricane Season: There have been 12 tropical storms or hurricanes so far in 2025. The average number of such storms per year over the prior decade was 18 — the highest 10-year average on record, according to the National Oceanic and Atmospheric Administration.

#5 Useless Knowledge: The first fantasy football league — the Greater Oakland Professional Pigskin Prognosticators League — held its inaugural draft in 1963. George Blanda, a quarterback and kicker, was the first overall draft pick, according to Athlon Sports.

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