--- title: Friday Fast Five - 7/24/2026 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. 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About - [Team](https://www.hodgescapital.com/team) - [Process](https://www.hodgescapital.com/process) - [Mayor Bradford House](https://www.hodgescapital.com/mayor-bradford-house) - [Due Diligence Day](https://www.hodgescapital.com/due-diligence-day) ![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 - 7/24/2026 by [Hodges Investment Team](https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team), on July 24, 2026 Five interesting things that Hodges Capital research analysts discovered this week... **#1 ****MIND OF ITS OWN: **During a recent test of frontier AI models, OpenAI’s ChatGPT, along with an unreleased model, broke free from its test constraints and hacked AI test provider Hugging Face. The test was intended to evaluate the limits of ChatGPT’s hacking abilities without internet access. However, by exploiting vulnerabilities within its local system, it autonomously accessed the internet, bypassed Hugging Face’s internal safeguards, and essentially stole the answer key to the test it was taking. OpenAI has called the behavior unprecedented, while others believe the incident may have been staged as a publicity stunt. (OpenAI) **#2 ****TARIFF REWIND: **As previously imposed tariffs near their expiration, U.S. retailers have been loading up on imports to get ahead of the next round of tariffs expected to take effect in August. May and June imports exceeded the prior year's levels by 15% and 18%, respectively. July is expected to set a new monthly record for imports as well. Shipping rates have surged as a result and have been only partially offset by tariff refunds that are still in the process of being issued to affected companies. ** #3 ****RAISING THE BAR: **As second-quarter earnings season continues, an interesting trend has already emerged. As of Wednesday, July 22, roughly 14% of S&P 500 companies had reported earnings. Among that group, the average bottom-line beat—earnings exceeding analysts' expectations—was 15.5%. That magnitude of outperformance is more than three times the historical average for quarterly reporting. (Seaport Research) **#4 ****CAFFEINE FIEND: **New research from the American Heart Association finds that caffeine consumption—up to 400 mg per day for most adults—is linked to a lower risk of cardiovascular disease. The primary source of caffeine in the study was coffee, and researchers acknowledge that the observed benefits may stem from other compounds in coffee rather than caffeine itself. Additions such as creamers, sweeteners, and other flavor enhancers were not found to provide the same benefits. (American Heart Association) **#5 ****DOCTOR COPPER: **The continuing wave of AI infrastructure development has sparked a renaissance for the copper industry. UBS estimates that global annual copper demand will reach approximately 40 million metric tons by 2030. Current global copper supply totals just 28–29 million metric tons, and the development of new mines remains limited. (UBS)    *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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