It has been two weeks since we last updated the Bowser Microcap Stock Index. At the time, the Index closed Friday, May 10 at 508.45. Last Friday (May 24), however, the Index closed at 516.68--up 8.23 points in the last two weeks. This 1.6% gain shows a continued strong showing for microcaps in the month of May. Since April 24, the Microcap Stock Index is up a total of 16.34 points, or 3.3%. Over that same time period, the NASDAQ Composite leads the way, up 5.5%.
Along those lines, other indexes performed well over the past two weeks. The Bowser Microcap Stock Index led the way followed by the bigger indexes (DJIA and S&P 500). The Russell 2000 posted the smallest gain over the past two weeks with a still respectable 0.7% gain.
The other major indexes were as follows:
- Dow Jones Industrial Average (^DJI)–UP 1.2%
- S&P 500 (^GSPC)–UP 1.0%
- Russell 2000 (^RUT)–UP 0.9%
- NASDAQ Composite (^IXIC)–UP 0.7%
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.