Weekly Summary - QIS Blog - December 14, 2018 - December 14th 2018
Weekly Summary - QIS Blog - December 14, 2018
Like a broken record, it was another week of falling off for Canadian small-caps. The TSX Venture hit a fresh two and a half year low at 554.70 points. We'll continue to monitor for stocks getting oversold and will be ready to buy on the dips as investors look to convert shares to cash. Some of the stocks we have been picking up recently on weakness include LTE, IFR, and PHO.
It is important to note that some important year-end dates are fast approaching. For 2018, the final day to trade a stock and maintain a settlement date in 2018 is December 27 (Canadian and U.S. markets). The settlement period is 2 trading days, so trades need to occur by the 27th of December to settle in 2018. For tax-loss selling purposes, this date is important to remember - just 7 trading days remain.
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.
The most recent email update issued by QIS Capital was sent out to subscribers on November 26, 2018. QIS Update #19 included the latest news from Deer Horn Capital (DHC:CSE), and Q3 results from NTG Clarity Networks (NCI:TSX-V).
An updated QIS Capital Feature Company Profile dated Nov. 23rd for Deer Horn Capital (DHC:CSE) has recently been uploaded to the QIS Capital website.
Direct to PDF: http://www.smallcaps.ca/documents/mfVKRtGv/DHC1811.pdf
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 10-15 email updates per year.
The second week of trading in December once again resulted in losses for each of the three indexes tracked in the weekly QIS blog. For the fifth week in a row, the S&P TSX Venture Composite Index fell to a fresh 52-week low, this time reaching 554.70 points on Friday. In total for the week, the TSX Venture dropped by 17 points, finishing at 555.38. Canada's most watched stock index, the S&P TSX Composite Index, decreased on the week by a combined 200.06 points, reaching a 52-week low on Friday. Friday's close was 14,595.07 points, its lowest close since November 2016. South of the border in the United States, the Dow Jones Industrial Average lost more ground as well. In all for the week, the Dow Jones shed a combined 288.44 points to close on Friday at 24,100.51 - its lowest close since early May 2018.
Debt to income ratio inches up to almost 178% in third quarter
Western oil price rally unlikely to last after curtailments begin: expert panel
Here's how much you'll probably spend this Christmas
North American stocks slip on global growth concerns
The Week Ahead: Bank of Canada business outlook; Fed decision