Weekly Summary - QIS Blog – December 22, 2017 - December 22nd 2017
Weekly Summary - QIS Blog – December 22, 2017
We hope everyone had a very Merry Christmas and we wish all of our readers a Happy and Prosperous New Year. It's been a challenging year for QIS Capital and we appreciate the support of all of our investors. We are working to bring some new content early in the New Year and will be returning to our proven profitable, cash flow focus for new issues
During the upcoming 3 day trading week, any trades placed on Wednesday, December 27, will close in 2017. Trades placed on Thursday or Friday will settle in 2018 for tax purposes. It is important to note that the settlement period is now only 2 trading days as opposed to 3 days in years past.
We are always looking for new investment ideas and are open to researching any promising companies discussed in this forum or presented to us via email or phone call. As always, we have a preference for those stocks which are fundamentally sound, undervalued and underfollowed.
Our most recent QIS Capital email update was sent out to subscribers on Thursday, December 21, 2017. QIS Update #16 included the latest corporate updates from Fairmont Resources (FMR:TSX-V) and Newlox Gold Ventures (LUX:CSE), plus new contract announcements from NTG Clarity Networks (NCI:TSX-V).
To receive QIS Capital’s email updates directly in your inbox as they are issued, please sign up at: http://www.smallcaps.ca/investor_signup. We typically send out 15-25 email updates per year.
During the week leading up to the Christmas break, each of the indices tracked in this section of the weekly blog posted gains. The S&P TSX Venture Composite Index added 9.07 points or 1.1% to close on Friday at 810.30, its highest closing level since late May 2017. Canada’s primary stock index, the S&P TSX Composite, posted gains four out of five days this week, gaining a combined 123.29 points. The TSX Composite hit an all-time high of 16,200.81 points on Monday, and closed on Friday at 16,165.27. South of the border in the United States, the Dow Jones Industrial Average once again posted a weekly gain and recorded a new all-time high. On Dec. 18 the Dow Jones reached a new high of 24,876.07 points. For the week, the Dow Jones added 94.47 points and finished at 24,746.21 on Friday.
NAFTA, wage hikes and housing clouding Canada’s economic outlook for 2018
Fuelled by gasoline prices, annual inflation accelerates to 2.1%
2017 another year of decline for Sask. mineral exploration spending
Loonie outlook for 2018 solid despite looming U.S. and domestic risks
Despite age and doubters, bull market looks to keep running