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US and Canadian markets settled this week on a negative note. Two stocks to consider – NILI, SES

Oct 23, 2026

  • NILI:TSX-V
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (CA$)
  • SES:NYSE
  • Investment Type
    Small-Cap
  • Risk Level
  • Action
  • Rec. Price (US$)

Company Overview: Surge Battery Metals Inc. (TSXV: NILI) is a mineral exploration company focused on strengthening the domestic lithium supply chain through the development of its flagship Nevada North Lithium Project in the United States. SES AI Corporation (NYSE: SES) is a technology company focused on developing and commercialising high-performance lithium-metal rechargeable battery technologies for electric vehicles (EVs) and other advanced energy storage applications. 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

U.S. equity markets ended the week on a mixed but broadly cautious note, with the S&P 500 and Nasdaq Composite recording modest losses, while the Russell 2000 outperformed with a strong gain. The S&P 500 Index declined 0.40% to close at 7,663.43, while the Nasdaq Composite fell 0.50% to finish at 26,008.86. In contrast, the Russell 2000 Index advanced 2.30% to 2,784.03, reflecting relative strength in small-cap stocks amid weakness across the broader market.

In Canada, the S&P/TSX Venture Composite Index declined 2.76% on a week-to-date basis to close at 821.96, reflecting persistent weakness across the broader market. Gains in the consumer cyclicals, financials, and technology sectors offered selective support, indicating pockets of buying interest. However, losses across the energy, basic materials, consumer non-cyclicals, and industrials sectors weighed on overall performance and limited the index’s recovery potential. The uneven sectoral performance highlights a cautious investment environment, with market sentiment influenced by macroeconomic uncertainty, evolving economic expectations, and fluctuations in investor risk appetite.


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.

Past performance is not a reliable indicator of future performance.

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