Weekly Summary - QIS Blog – December 8, 2017 - December 8th 2017
Weekly Summary - QIS Blog – December 8, 2017
With the end of 2017 fast approaching, many investors use the month of December to evaluate and consider tax-loss positions which can be liquidated to create a loss that can then be used to offset the year's capital gains. For 2017, the final day to trade a stock and maintain a settlement date in 2017 is December 27 (Canadian and U.S. markets). 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 Wednesday, December 6, 2017. QIS Update #15 included the latest corporate updates from Fairmont Resources (FMR:TSX-V) and Newlox Gold Ventures (LUX:CSE), plus share consolidation news from Opawica Explorations (OPW: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.
Each of the Canadian indices tracked in this section posted small gains this past week while the Dow Jones reached another all time high and posted another weekly increase. The S&P TSX Venture Composite Index managed to add 3.96 points to close on Friday at 792.96. Canada’s benchmark index, the S&P TSX Composite, lost ground on Monday, Tuesday and Wednesday, but rallied on Thursday and Friday to post a 57.10 point weekly gain. The TSX Composite closed on Friday at 16,096.07 points. South of the border, the Dow Jones Industrial Average posted another gain for the week of 97.57 points and reached a new all-time high on Dec. 4 of 24,533.00. The Dow Jones finished at 24,329.16 points on Friday.
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