Weekly Summary - QIS Blog - November 23, 2018 - November 23rd 2018
Weekly Summary - QIS Blog - November 23, 2018
It was another rough week for small-cap stocks as the TSX Venture hit a fresh two and a half year low at 598 points. Oil stocks have been hit particularly hard as global oil prices plunged back to the mid $50s while Canadian producers are still struggling with record differentials due mainly to delivery constraints. With interest rates continuing to rise we don't see much relief for small-cap manufacturers and capital intensive businesses. However, the more we move into global uncertainty and higher inflation, the chance of a highly anticipated rise in small-cap mining issues continues to strengthen.
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 19, 2018. QIS Update #18 included the latest news and updates about Deer Horn Capital (DHC:CSE), International Frontier Resources (IFR:TSX-V), and Newlox Gold Ventures (LUX:CSE).
An updated QIS Capital Feature Company Profile dated Nov. 15th for NTG Clarity Networks (NCI:TSX-V) has now been uploaded to the QIS Capital website.
Direct to PDF: http://www.smallcaps.ca/documents/mTZkR32z/NCI1811.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.
This past week, each of the three primary indices tracked in this section one again posted a loss. The S&P TSX Venture Composite Index fell to another new 52-week low on Tuesday, reaching 598.09 points. In all for the week, the TSX Venture dropped by 22.35 points or 3.6% on the week, finishing at 602.15. Canada's most tracked index, the S&P TSX Composite Index, declined on the week by a combined 144.77 points. Friday's close was 15,010.73 points. Down in the United States during a Thanksgiving holiday shortened trading week, the Dow Jones Industrial Average lost over 940 points between Monday and Wednesday trading, before the markets closed on Thursday. Friday resulted in another loss of nearly 180 points. In all, the Dow Jones lost a combined 1,127.27 points or 4.4% to close on Friday at 24,285.95.
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