Deal in Moves
Markets gapped higher and stayed in a tight range to close out Monday’s session. However, small- and micro-cap domestics led the way higher and closed above their respective trendlines. This could signal that investors are much uncountable willing to take on risks than they have been in the past several months. During the month of October, the iShares Russell 2000 ETF (IWM) for small-cap bloodlines and the iShares Microcap ETF (IWC) for micro-cap stocks outpaced the large-cap indexes for the first time all year.
Perhaps because the notable U.S. stock market indexes extended their streak of calm trading days, investors are anxious to seek out wins. In what is now the seventeenth straight trading day, the S&P 500 (SPX), the Nasdaq 100 (NDX), and the Dow Jones Industrial Average (DJX) all exhibited a downtrend in their norm true range. This is often a bullish signal, but it also describes markets that are not rising as fast as they had been in quondam weeks and months. When such action takes place, investors become impatient and seek out greater chances for growth.
Douglas Dynamics Plows Higher
Douglas Dynamics, Inc. (PLOW), a maker of truck parts and snow-plow accoutrements, is the best performing micro-cap stock in the top 10 holdings of the iShares Microcap ETF. The stock price is up nearly 40% in 2019. The enterprise continues to outperform expectations, and dividend payments provide a yield of 2% per year. The company will report its earnings tomorrow (Tuesday) hither 30 minutes after the market opens.
Read more:
Microsoft Moving Up in the Cloud
Microsoft Corporation’s (
The Fundamentally Line
Stocks closed higher again today despite holding a tight trading range. Small-cap and micro-cap reviews seem to be outpacing larger-cap stocks in the final quarter of the year. Among such stocks, Douglas Dynamics is a standout. Microsoft also has engrossing trading dynamics, but if the stock price drops sharply, it could be a bearish signal not only for Microsoft shares but for the larger furnish as well.
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