Company Overview: BRP Inc. (TSX: DOO) designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. North West Co Inc (TSX: NWC) is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.
Canada Market Round-Up
The benchmark S&P/TSX Composite Index (TSX: ^TSX) started the last week on a negative note and maintained a bearish momentum for the entire week. The S&P/TSX composite index dropped by 238.70 points (1.21%) to 19541.27 for the week ending September 29, 2023. On October 02, 2023, the index closed at 19177.18, down by 364.09 points or ~1.86%. Basic Materials, Consumer Non-Cyclicals, Utilities, Energy, Real Estate, Industrials, Consumer Cyclicals, Technology, Healthcare, and Financials were the laggards sectors on Monday. As per the data published by Statistics Canada, Canadian real gross domestic product (GDP) was essentially unchanged in July. The weekly chart indicates that the index prices are trading below the rising trendline support zone.Moreover, prices are sustaining below the 21-period & 50-period SMAs, which may act as a resistance level for the index. The immediate resistance for the index is around 19750, while the immediate support exists at 18400. On the weekly time frame, RSI is reading at ~40.86 levels.
On the macro front, the upcoming major economic events that may impact the Canadian market sentiment include CA Employment Change, U.S Unemployment Rate and U.S Unemployment Claims.
Xxxxxx Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .
Xxxxxx Xxxxxx Xxxxxx Xxxxxx & Xxxxxx
Xxxxxx Xxxxxx
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .
Xxxxxx
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .
Enter your details below and our team will help you to decide if this product is best for you.