Our Microcap Stock Index up 1.3% in the past week
After not performing too well last week, the Bowser Microcap Stock Index rose 4 consecutive days to end the week. The Index closed last week at 501.50 then closed at 499.69 on Monday--a 0.4% slide. Following that dip, however, the Index slowly climbed to Friday's close of 507.85, which represents a 1.3% gain over last week's close. See the chart below for a visual representation of the Microcap Stock Index's week.
In comparison to other major indexes, the Bowser Microcap Stock Index had a great week. It not only led the fourlisted below in gains, but also consecutive days with gains (4). The major indexes finished the week as follows:
- NASDAQ Composite (^IXIC)--UP 0.9%
- Dow Jones Industrial Average (^DJI)--UP 0.8%
- S&P 500 (^GSPC)--UP 0.7%
- Russell 2000 (^RUT)--UP 0.7%
There were no changes to the Index's companies this week after the replacement of LML Payment Systems (LMLP)--acquired--with Joe's Jeans (JOEZ).
For more information on the Bowser Microcap Stock Index, purchase our Bowser Database, which is updated monthly and includes details on the weighting of each company. Also, we have a sheet that shows all the changes that we have ever made to the Index available upon request.
The Bowser Report is a monthly financial newsletter that specializes in small stocks trading for $3/share or less. Our goal is to provide the individual investor with relevant information on microcap stocks. Each month, we recommend a new company, provide information on past recommendations and report news surrounding the microcap marketplace.
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Information in this blog post contains references to past Bowser recommendations. This blog post contains no recommendations, and instead relies on data gathered on past recommendations from sources thought to be reliable.