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Weekly Summary - QIS Blog - November 2, 2018 - November 2nd 2018



Weekly Summary - QIS Blog - November 2, 2018

 

 

Upcoming Events

 

To say that the markets have been unsettled during October 2018 would be a major understatement. Needless to say, with the TSX Venture Index down over 25% year-to-date, it has not been a great year for small-cap investors. To do well in this market you pretty much need to hit a home run. While we are comfortable with the underlying value and long term prospects for most of the stocks we hold, our two latest Feature Companies, Deer Horn Capital and International Frontier Resources have the home run factor which has already resulted in great gains for those who picked up Deer Horn when we first featured the company (up 200% to subsequent high). Best of luck to all of our readers as we trudge through challenging markets!

 

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.

 

 

Recent Events

 

The most recent email update issued by QIS Capital was sent out to subscribers on October 30, 2018. QIS Update #17 included the latest news from Deer Horn Capital and announced the official release of the new QIS Feature Company Profile on International Frontier Resources (IFR:TSX-V).

 

QIS Update #17: http://www.smallcaps.ca/updates/qis-update-17-2018-new-company-profile-posted-and-deer-horn-capital-signs-loi

 

The official QIS Capital Feature Company Profile for International Frontier Resources (IFR:TSX-V) has now been uploaded to the QIS Capital website.

 

Profile link: http://www.smallcaps.ca/feature-companies/international-frontier-resources-corporation-ifr-tsx-v

Direct to PDF: http://www.smallcaps.ca/documents/CgcQdMTm/IFR1810.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.

 

Market News

 

The Dow Jones hit an all-time high in early October 2018 of 26,951.81 points, but fell almost 7% from that level by the end of the month. The TSX started the month of October above 16,000 and had declined 6.7% by Halloween. And of course the small-cap stocks continue to be the hardest hit with losses of about 10% for the month. The Venture index started 2018 above 850 points and is now off an incredible 25% in the last 10 months.

 

This past week, each of the three indices tracked in the blog gained back some ground after a rough October. The S&P TSX Venture Composite Index increased by 7.77 points on the week, despite reaching a new 52-week low on October 30. On Friday, the TSX Venture Composite closed at 651.35 points. Canada's benchmark index, the S&P TSX Composite Index, reached a new 52-week low on Oct. 29, but posted a gain of 231.02 points on the week. Friday's close was 15,119.28 points. In the United States, the Dow Jones Industrial Average also recovered on the week, adding a combined 582.52 points to close on Friday at 25,270.83.

 

Stocks slide as trade tensions weigh on investors

https://www.bnnbloomberg.ca/stocks-slide-as-trade-tensions-weigh-on-investors-1.1162092

 

Canada adds 11,000 jobs in October, jobless rate ticks down to 5.8%

https://www.cbc.ca/news/business/canada-jobs-october-1.4888884

 

Oilsands companies pull back on production as 'crisis' hits sector

https://www.cbc.ca/news/business/oilsands-wcs-wti-cenovus-cnrl-1.4887830

 

Canadians' debt could be issue in next downturn: Former CMHC chair

https://www.bnnbloomberg.ca/canadians-debt-could-be-issue-in-next-downturn-former-cmhc-chair-1.1162496

 

The Week Ahead: U.S. midterms, Fed decision, Canadian housing data

https://www.bnnbloomberg.ca/the-week-ahead-u-s-midterms-fed-decision-canadian-housing-data-1.1162548

Canadian Small Caps

 
Canadian Small Caps

CLICK HERE to view the presentations from the Spring 2016 Small-Cap Conferences.

We are pleased to publish the PowerPoint presentations from The Small-Cap Conferences that were held in Calgary on March 30, 2016 and in Vancouver on May 3, 2016.

We encourage investors to review the presentations and contact the companies with any further questions.

www.smallcapconference.ca/presentations.php
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