Another up week, this time a slight 0.4%
For the second straight week, the Bowser Microcap Stock Index closed up. The Index climbed slowly throughout the week, after a 0.1% step back on Monday. Then, on Friday, the Index checked back again, this time just another 0.1%. From Monday's close to Thursday's close, the Index gained 0.7% for a weekly closing high of 515.07. Thursday alone, the microcap stock index rose 0.5%. There was an error reporting Tuesday's results, so we have omitted them from the chart below. See the chart below for a visual representation of last week's microcap stock index.
The Bowser Microcap Stock Index was second from the bottom amongst the major indexes last week. The Russell 2000 led the way with a 1.1% gain, while the Dow Jones and S&P 500 posted modest 0.8% and 0.6% gains, respectively. The NASDAQ Composite was the only major index that we report on to post a loss for the week. It lost a very slight 0.05%
- Russell 2000 (^RUT)--UP 1.1%
- Dow Jones Industrial Average (^DJI)--UP 0.8%
- S&P 500 (^GSPC)--UP 0.6%
- NASDAQ Composite (^IXIC)--DOWN 0.0%
There were no changes to the Index's companies this week.
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.