Canada is now one step closer to legalising weed. Today, the House of Commons has passed bill C-45, the bill that’s set to make marijuana legal in the country.
The price of tungsten has jumped 52% since early July, It has beaten all 22 major materials in the Bloomberg Commodities Index. Tungsten has gained for six straight months. The longest rally since 2012.
Even though ANZ’s share price fell 2%, it's not cheap. The company has a price-to-earnings ratio of 16.6-times earnings, which is in line with their peers.
Australia’s big four banks all climbed this morning. In dollar terms, the big four Aussie banks collectively added $4.17 billion to their market cap.
After releasing its quarterly update today — an impressive 31% increase in profit — ANZ shares are trading at $30.70. That’s a 35% jump in just over six months.
Investors have bought up all the big-cap stocks as world markets recovered. Meanwhile, they’ve so far ignored the market’s tiny stocks.
Investing in these stocks is not without risk. But in today’s strange market conditions, the biggest risk by far is failing to take any risk at all.
Sometimes it pays to remember why microcaps are so much more exciting and full of potential than the ‘safe’ companies most people refer to as ‘blue chips’.
Last week’s edition had some fascinating research. The focus was on the performance of small-cap stocks versus large ones.
It’s time Aussie investors take the leap, ditching the bricks and mortar and paper trades for the shiny gold stuff.