Weekly Summary - QIS Blog - December 21, 2018 - December 21st 2018
Weekly Summary - QIS Blog - December 21, 2018
At a time of year when markets often are in the midst of a year-end rally, stocks continue to be sold off, reaching fresh 52-week lows. Markets aside for now, we'd like to wish all of our subscribers and readers a very Merry Christmas and all the best to everyone in 2019!!
As mentioned last week, it should be noted that 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 third week of December trading resulted in new 52-week lows for each of the indices tracked in this second of the QIS blog. For the sixth week in a row, the S&P TSX Venture Composite Index fell to a fresh 52-week low, reaching 529.36 points on Friday. In total for the week, the TSX Venture dropped by 25.18 points, finishing at 530.20. Canada's most followed stock index, the S&P TSX Composite Index, declined on the week by a combined 659.63 points, reaching another 52-week low on Friday. Friday's close was 13,935.44 points, its lowest closing level since mid-2016. Down in the United States, stocks also weakened as the Dow Jones Industrial Average posted its worst week in 10 years. In all for the week, the Dow Jones fell by a combined 1,655.14 points or 6.9% to close on Friday at 22,445.37 - its lowest close since Q3 2017.
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