Weekly Update #1 - Week Ending Dec 7, 2025
The most promising stocks in our Microcap Quality Index
As this Substack’s Microcap Quality Index Platform (MSMqi) has significantly grown in size to 126 stocks, we’ve entered a new phase in the evolution of the Substack’s original intent👉 to provide the most comprehensive list of microcap stocks worth tracking in North America.
Now, we’ve begun using the Movers and New Highs/Lows Menu tab on our Substack as one way to help both you and us navigate the index more effectively.
We like using these lists to identify stocks that are rising due to reaching legitimate catalyst inflection points and to find companies that are on the loser list that investors might be selling for the wrong reasons.
From my personal experience, I’ve religiously used the new high lists throughout my career to find great MultiBagger opportunities like $KRMD when it was around 10 cents. The small MultiBagger clue in that scenario was a positive change in the reimbursement codes that would benefit this medical device company. It took time to play out, but it was well worth the wait, with the stock eventually hitting $12.84 years later.
If you are a William O’Neill and Investor’s Business Daily follower, you understand the power in combining momentum with fundamentals with a reasonable valuation analysis. Eventually, I bolted on a contrarian strategy to my momentum strategy by tracking the underperformers.
This past week, we took a look at some momentum stocks we think are worth your attention. We’ll actually be adding one of these stocks to our MSMqi, accompanied with a Cliff note (#127), where we see an upside of at least 100%.
First, here are a few of the companies already in our MSMqi that recently stood out from the movers dashboard, accompanied by their high returns and current returns since being added to the 2022 Index. We’ll go over each one later in this post.
AEGXF/TSE:ARE: A Canadian infrastructure play targeting different markets, including industrial, utilities, civil, and nuclear markets.
High Return: 103%
Current Return: 72%
FEIM: A U.S. company providing precise time and frequency devices for satellites, communications, and defense applications.
High Return: 282%
Current Return: 191%
CWLPF/TSE:CWL: A Canadian talent‑acquisition firm specializing in executive and board‑level search, helping companies find top leadership and senior management.
High Return: 1%
Current Return: -64%
QBAK: A U.S. company that makes tape storage systems and power supplies for data backup and archiving.
High Return: 184%
Current Return: 148%
ITRN: An Israel‑based firm providing vehicle tracking, stolen‑vehicle recovery, and fleet‑management services.
High Return: 17%*
Current Return: -12%*
REOP: Manufacturer of custom plastic injection‑molded parts, offering decoration, assembly, and finishing services for industrial clients.
High Return: 22%*
Current Return: 22%*
Note: ITRN and REOP were not part of the 2022 index, so we took into account their stats since being added to the 2025 index.
Now, we’ll give you a snapshot of each company, as well as a first look at the newest stock that will be added to MSMqi on Monday morning.