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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 - 10/14/2022

by Hodges Investment Team, on Oct 14, 2022 7:00:00 AM

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

#1 Let’s rock and roll! - According to Live Nation Entertainment, the largest concert producer in the US, 2022 attendance is over +20% higher than in 2019. Moreover, Pollstar data shows that among the top 100 tours in the first half of 2022, the average number of tickets sold was +6% higher than the same period in 2019.

#2 Defense spending boom leading to an empty chamber - According to the Wall Street Journal, the United States and Europe are running out of ammunition and weapons to send to Ukraine. As production could take months or even years to ramp up for some systems, a new $625 million security assistance package for Ukraine has been recently authorized to bring the United States' total assistance to more than $17.5 billion.

#3 JP Morgan CEO on American leadership in energy - After weeks of consistent drops, gas prices in the US are on the rise again. “We should have gotten that right starting in March,” according to JP Morgan’s CEO, Jamie Dimon. “In my view, America should have been pumping more oil and gas and it should have been supported. Obviously, American needs to play a real leadership role. America is the swing producer, not Saudi Arabia.

#4 Table for??? - According to the National Restaurant Association, 63% of restaurant revenue came from takeout prior to the pandemic. During lockdowns, that soared to 90%. And today, its’s roughly 80%.

#5 Huffing and puffing to the last 1.2 miles - Marathons traditionally mirrored the 25 miles between Marathon and Athens, Greece, until the 1908 London Olympics when Queen Alexandra requested it be lengthened to 26.2 miles so that the youngest members of the royal family could see the race from their nursery in Windsor Castle. Any runners struggling through that final home stretch should know exactly who to curse.


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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 Private Client 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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