---
title: Friday Fast Five -12/17/2021
description: Five interesting things that Hodges Capital research analysts discovered this week...
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---
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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 -12/17/2021
by [Hodges Investment Team](https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team), on December 17, 2021
Five interesting things that Hodges Capital research analysts discovered this week...
**#1 ****HOTEL BOOKINGS: **Although hotel bookings are up from a year ago, the World Tourism Organization has reported that year-to-date hotel bookings through October 2021 compared to 2019 pre-pandemic levels for the same period were -26% in the Americas, -70% in Europe, and -56% in Asia Pacific.
**#2 ****HOME BUILDING: **Recent conversations with several national homebuilders have indicated that labor remains a significant challenge and will likely remain tight in 2022. Furthermore, suppliers are starting to get materials under control, but windows and garage doors are still in short supply.
**#3 ****PETRO CHEM: **There are $150 billion of new investments in U.S. petrochemical plants that are currently under construction or planned to be constructed over the next several years. Such capital investments could create future transportation demand for the inland barge business in North America, which has struggled since the industry peaked in 2015.** **
**#4 ****INTEREST RATE CYCLES: **Last week's inflation reading of 6.8% may signal that higher interest rates could be in store for 2022. According to a study published by Credit Suisse analyzing the past four interest rate cycles ('94, '99, '04,' 15), the S&P 500 gained 9.5% in the twelve months leading up to the first rate hike and increased 26% over the subsequent three years.
**#5 RAILROADS: **Last week, U.S. and Canadian rail volumes were tracking 7% below where they would normally be at this time of year, according to the Association of American Railroads. Chemicals were the only major category above pre-pandemic levels. Declines were seen in intermodal (-5%), automotive (-21%), food and ag (-2%) and energy, including coal, (-17%).
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*Hodges Private Client is a program offered through Hodges Capital Management, Inc. (“HCM”). 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.
- [Recent](https://blog.hodgescapital.com/capital-fast-five/friday-fast-five-12/17/2021#recent)
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- [Archive](https://blog.hodgescapital.com/capital-fast-five/friday-fast-five-12/17/2021#archive)
- [June 2023 (11)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/06)
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- [December 2021 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/12)
- [August 2023 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/08)
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- [February 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/02)
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- [May 2026 (4)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/05)
- [March 2023 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/03)
- [November 2023 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/11)
- [July 2024 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/07)
- [December 2024 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2024/12)
- [January 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/01)
- [February 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/02)
- [July 2025 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2025/07)
- [April 2026 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/04)
- [June 2026 (3)](https://blog.hodgescapital.com/capital-fast-five/archive/2026/06)
- [February 2023 (2)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/02)
- [April 2023 (2)](https://blog.hodgescapital.com/capital-fast-five/archive/2023/04)
- [April 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/04)
- [June 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/06)
- [November 2021 (1)](https://blog.hodgescapital.com/capital-fast-five/archive/2021/11)
[More...](https://blog.hodgescapital.com/capital-fast-five/friday-fast-five-12/17/2021#)
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