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RY 174.21 0.4845% TD 77.21 -0.3099% SHOP 113.1 0.5155% CNR 157.51 -1.1299% ENB 57.59 0.1565% CP 112.08 -0.5678% BMO 129.49 0.3332% TRI 232.87 0.7921% CNQ 49.045 1.1654% BN 76.23 1.3023% ATD 73.74 -0.6066% CSU 4426.6099 0.3812% BNS 73.69 -0.1896% CM 86.29 0.4657% SU 53.56 0.7714% TRP 65.64 0.845% NGT 78.23 1.1246% WCN 250.66 0.2239% MFC 42.08 -0.1898% BCE 46.14 0.2172%

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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Disclaimer-

The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.