RY 174.39 2.4016% SHOP 149.115 2.5974% TD-PFM 24.63 -0.0811% TD-PFL 24.7 0.2028% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954%

Stocks under $1 Report

US and Canadian markets settled this week on a mixed note, Two stocks to consider - NICU, NKLA

May 31, 2024

NICU:TSX-V
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (CA$)
NKLA:NASDAQ
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

Company Overview: Magna Mining Inc. (TSXV: NICU) engages in the acquisition, exploration, and development of mineral properties in Canada. The company primarily explores for nickel, copper, and platinum group metal deposits. Nikola Corporation (NASDAQ: NKLA) is an innovative company that focuses on providing integrated solutions in the areas of trucking and energy. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.

Global Markets Wrap-Up

On May 30, 2024, the S&P 500 index settled at 5235.48 with a week till date loss of 1.33%; moreover, the tech-heavy NASDAQ composite decreased by ~1.09 % on a WTD basis and settled at 16737.08 while, the Russell 2000 settled at 2056.59, reflecting a loss of ~0.63% on WTD basis.

Considering the Canadian market, the benchmark S&P/TSX Venture Composite Index (TSX: ^JX) started the week on a positive note and continued the momentum. On May 30, 2024, the index closed at 614.96 with an overall week-to-date (WTD) gain of 1.15%. Energy, healthcare, financials, basic materials, technology, industrials, real estate, and consumer cyclical were the leading sectors, while consumer non-cyclical was the laggard on Thursday.

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