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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 - 5/26/2023

by Hodges Investment Team, on June 6, 2023

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

#1 RISE IN BANKRUPTCY: According to the Administrative Office of U.S. Courts, the number of companies declaring Chapter 11 bankruptcy is rising, with new cases up 42.8% year-over-year in the first quarter of 2023. This trend is not surprising considering slower economic conditions in several sectors of the economy, along with higher interest rates and tighter credit conditions among regional banks.  

#2 HOUSING DATA: Data from the National Association of Home Builders indicated that new home sales increased by 4.1% in April despite a recent decline in mortgage applications.      

#3 REMOTE WORK: Barron’s published that 42% of companies in a recent survey are requiring workers to be in the office full time, down from 49% three months earlier.      

#4 SMALL CAPS VERSUS APPLE: The market capitalization of Apple Inc (AAPL), which measures the Company's total worth based on its stock price, recently reached $2.7 trillion and now exceeds the entire value of the Russell 2000 Index.        

#5 MEMORIAL DAY TRADITION: Wearing a red poppy to remember those fallen in war is a tradition that dates back to World War I. The practice was inspired by the poem "In Flanders Field, written by John McCrae, a Canadian field surgeon who treated the wounded after the Second Battle of Ypres in 1915.

 

                                                                    

 

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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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