Friday Fast Five - 7/31/2026
by Hodges Investment Team, on July 31, 2026
Five interesting things that Hodges Capital research analysts discovered this week...
#1 LOSING STEAM: Goldman's U.S. High Beta Momentum basket is on track for its worst monthly performance since 1999, currently posting a 37.07% drawdown. The downturn follows a second quarter in which high-momentum AI stocks such as Micron and SK Hynix experienced explosive gains. Time will tell whether these AI powerhouses can regain their momentum. (Hedgeye)
#2 AN APPLE A DAY: According to a national poll conducted by the Wexner Medical Center, only 71% of adults ages 18–29 have a primary care physician (PCP), compared to 97% of adults age 65 and older. Furthermore, one-third of young adults visit urgent care centers for non-emergency medical issues instead of seeing their PCP. Despite this trend, new-patient appointment wait times have increased 28% compared to last year.
#3 POWER FOR ALL: It is no secret that data center infrastructure is rapidly consuming available power supplies. To reduce the strain on public grids, two new agreements have been signed that allow data centers to receive electricity directly from natural gas-powered generation facilities. This arrangement enables the data centers to bypass the public grid.
#4 DESERT OASIS: Last week, the Texas Water Development Board adopted the initial version of the 2027 State Water Plan. Rapidly growing industrial water demand has made water conservation a priority for the Lone Star State, and a more detailed outline of the state's conservation efforts is expected later this year. The plan includes the implementation of 3,000 projects and 6,700 strategies, totaling $174 billion, in an effort to help avert a water crisis over the next 50 years.
#5 START YOUR BATTERIES: As gas prices rise amid renewed tensions in the Middle East, electric vehicle prices remain elevated. Data from iSeeCars illustrates this trend, showing that used electric vehicle prices have risen 7.4% since last June, led by the Tesla Model X, which saw a $9,066 year-over-year increase.
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.