RY 178.27 -0.724% SHOP 167.55 4.6664% TD 73.51 -0.689% ENB 61.05 -0.9411% BN 84.64 0.4748% TRI 241.65 1.8546% CNQ 45.66 -2.1012% CP 106.61 -0.4854% CNR 151.37 -1.2912% BMO 146.32 4.7162% BNS 78.94 0.8302% CSU 4698.6602 -0.2014% CM 94.35 0.8659% MFC 45.81 0.2626% ATD 81.38 -0.2085% NGT 58.19 1.1472% TRP 68.29 -0.5823% SU 54.31 -1.1647% WCN 269.35 0.8688% L 191.71 -0.5499%

Stocks under $1 Report

US and Canadian markets settled this week on a negative note, Two stocks to consider - OSS, FFIE

Aug 09, 2024

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

Company Overview: OneSoft Solutions Inc. (TSXV: OSS) is a dynamic software solutions provider specializing in leveraging Microsoft's cutting-edge Cloud technologies to deliver innovative solutions across select markets. Committed to harnessing the power of cloud computing, OneSoft Solutions designs and develops state-of-the-art software tailored to meet the unique needs of its diverse client base. Faraday Future Intelligent Electric Inc. (NASDAQ: FFIE) is a leading global innovator in the intelligent electric mobility sector. Specializing in cutting-edge artificial intelligence and luxury electric vehicles, the company is at the forefront of designing and engineering advanced, connected transportation solutions. The 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 August 08, 2024, the S&P 500 index settled at 5319.31 with a week till date gain of 2.56%; however, the tech-heavy NASDAQ composite declined by ~0.69% on a WTD basis and settled at 16660.02 while, the Russell 2000 settled at 2084.42, reflecting a loss of ~1.18% on WTD basis.

Considering the Canadian market, the benchmark S&P/TSX Venture Composite Index (TSX: ^JX) started the week on a negative note and continued the momentum. On August 08, 2024, the index closed at 541.59 with an overall week-to-date (WTD) loss of 2.52%. Consumer Cyclicals, technology, Industrials, basic materials, consumer Non-cyclicals, energy,  and healthcare were the leading sectors, while real estate and financials were the laggards on Thursday.

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