Market

As of 1:39 PM on September 6, shares of VNG Corporation (UPCoM: VNZ) had dropped nearly 11%, with a slight recovery after hitting the floor during the morning session. Today's trading volume also reached a record high since the company’s listing on UPCoM.On September 6, VNZ shares began to plunge sharply after 11 AM, hitting the floor price of VND 437,800 per share before the midday break.In the afternoon session, a larger volume of shares began to change hands. By 2:25 PM, more than 15,200 shares had been traded, marking the highest liquidity for VNZ since its UPCoM debut. The average trading volume from the start of the year to the end of the September 5 session was under 2,000 shares per day. Data from VietstockFinance shows that the traded shares were valued at approximately VND 6.1 billion.VNZ stock hit the floor at one point before making a slight recovery.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/1_de2d0d011d.png" alt="1.png"></figure>Data as of 1:59 PM on September 6.VNZ's Performance Since Listing on UPCoM<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/2_75c76fd224.png" alt="2.png"></figure> &nbsp;

As of 1:39 PM on September 6, shares of VNG Corporation (UPCoM: VNZ) dropped nearly 11%, slightly recovering after hitting the floor during the morning session. Today's trading volume also reached a record high since the company's listing on UPCoM.

VNG Shares Plunge Sharply, Hitting the Floor at Times

Investors are playing defense ahead of the Federal Reserve’s looming interest-rate decision.They are piling into corners of the market that are considered safety plays, after a roaring first half powered by big technology stocks.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/1_5cc3d2e280.jpg" alt="1.jpg"></figure>Shares of real-estate, utilities and consumer-staples companies are among the best performers to start September. Gold prices are hitting fresh all-time highs, and government bond yields are near their lowest level of the year as prices have risen.“It’s really been something to see,” said David Bahnsen, chief investment officer at the Bahnsen Group, of the rotation into defensives.Questions about the health of the U.S. economy, the magnitude of coming interest-rate cuts and the November presidential election have given some investors pause.Wednesday’s inflation report did little to ease the concerns. Core inflation, which excludes volatile food and energy costs, came in slightly higher than expected.Markets have struggled to find their footing since early August when some of Wall Street’s most popular trades unwound and data suggested the labor market might be cooling too quickly. Major indexes have been prone to sharp one-day swings, though the S&amp;P 500 is down just 1.3% from its July record and is up 17% for the year.Some of the shine has come off the Magnificent Seven group of big tech stocks. Nvidia, for one, has tumbled about 5% since Aug. 28 when it reported quarterly earnings and sales that more than doubled—a pace of growth that slowed from the turbocharged clip over the past year.The recent reordering of the market’s winners and losers has the utilities sector neck and neck with tech as 2024’s best performing group in the S&amp;P 500. Both are up more than 20%.The Fed is widely expected to begin easing interest rates at its meeting next week. Investors say the surprise in core inflation strengthens the case for a quarter-percentage point rate cut over a more aggressive half-point reduction.&nbsp;Interest-rate futures suggest the odds of a bigger rate cut are now about 31%, according to CME Group, down from 40% a week ago.With rates set to fall, that could make the chunky dividend yields on defensive stocks look more attractive. The real-estate sector of the S&amp;P 500 boasts a 3% yield, followed by utilities at 2.9% and consumer staples at 2.2%.“If you’re going to buy something that might have upside from an equity perspective, but it’s also going give you money to sit and wait, it’s not a bad place to do it,” said Mark Hackett, chief of investment research at Nationwide. “The yield doesn’t hurt.”Bank of America strategists suggested this week that the utilities and real-estate sectors will be beneficiaries in a lower-rate environment because of their dividends and encouraged clients to boost their exposure to utilities.Shares of real-estate, utilities and consumer-staples companies are seen as defensive plays because customers give priority to meeting rent, paying gas and electric bills and buying household goods, even when they trim other spending.Gold prices have hit repeated all-time highs since March. They have been boosted by demand for safe-haven assets. Plus, lower rates make gold, which pays no income, more attractive relative to assets such as stocks and bonds that pay dividends and interest. Gold prices are up 25% this year, outpacing the S&amp;P 500.The benchmark 10-year Treasury yield settled Thursday at 3.679%, the third-lowest level of 2024.&nbsp;Bond yields fall as prices rise, and investors tend to flock to the safety of U.S. Treasurys during periods of market unrest.Meanwhile, the S&amp;P Global Investment Manager Index’s risk appetite reading has fallen to its lowest level since May 2023. The monthly survey, based on data from about 300 institutional investors, found they are fretting about valuations, along with political uncertainty and recession risks.Stocks still look expensive historically. The S&amp;P 500 is trading at 21 times its expected earnings over the next 12 months, versus its 10-year average of 18.For now, the question for markets remains whether the surge in defensive assets is a blip or the start of a new market regime.“We’ve gone through a few of these headfakes, but we think this one is real because rates are going to start coming down,” said Emerson Ham III, senior partner at Sound View Wealth Advisors. “If you get a rally where you’ve got defensive names doing well but also technology performing on a fundamental basis, that’s kind of the best of both worlds.” &nbsp;

Investors are playing defense ahead of the Federal Reserve’s looming interest-rate decision.

Investors Adopt Defensive Crouch Ahead of Fed Rate Cut

Former President Donald Trump went into sales-pitch mode immediately after Tuesday night’s debate, walking into the spin room to extol his own performance, crowing on Fox News and going on a late-night posting spree to hype unscientific online polls that he said showed he had crushed Vice President Kamala Harris.<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/0e5adebc198edbd34100931ac538ee41_28d896ebdb.webp" alt="0e5adebc198edbd34100931ac538ee41.webp">“That was my best Debate, EVER, especially since it was THREE ON ONE!” Trump posted on Truth Social, minutes after the debate ended, referring to the two ABC News moderators.Trump was insisting the same things privately to advisers and allies in the hours after the debate, according to three people with direct knowledge who spoke on the condition of anonymity to describe the private conversations. Trump appeared jubilant, as if he truly believed what he was telling them, the three people said.But Trump’s actions after the debate told another story.In the lead-up to his debate with President Joe Biden in late June, Trump’s aides suggested that he might want to go into the spin room afterward. But he rejected the idea, and after his triumphant performance that night he felt no need to enter the spin room, understanding that his victory over the enfeebled president was so comprehensive that he could sit back and watch the press tear Biden apart.His aggressive spinning Tuesday night and Wednesday morning appeared to be an unspoken acknowledgment that his performance was suboptimal.The day after Trump’s debate with Harris, his aides and his allies were largely echoing his praise of his performance in public, but privately several conceded that the former president had a rough outing, in stark contrast to his more controlled appearance against Biden.An exception was the recent Trump endorser Robert F. Kennedy Jr.“Vice President Harris clearly won the debate in terms of her delivery, her polish, her organization and her preparation,” he said on Fox News on Wednesday, adding that while Trump “wins” on substance, “he didn’t tell that story.”Some of his allies chose to publicly blame his debate preppers instead of Trump himself. And yet at the same time, the supporters who are close to him were also of the hope that one bad night would ultimately not amount to much for an unpredictable, norm-busting presidential candidate who has had dozens upon dozens of bad nights over the past nine years.His advisers began to brace for a wave of negative news coverage immediately after the debate, and for this to perhaps result in a temporary, modest polling boost for Harris. Some are expecting days of bad news cycles instead of a period of momentum in which they had planned to hammer Harris for her liberal record and connection to Biden.The Harris campaign immediately embraced a second debate. Trump was more circumspect.“The reason you do a second debate is if you lose — and they lost,” Trump told Fox News’ Sean Hannity on Tuesday night after the debate. By Wednesday, Trump was lashing out at ABC News. “They ought to take away their license for the way they did that,” he said in another Fox News appearance. He mused instead about which moderators from Fox he would find acceptable to host a second debate.Few if any of Trump’s close allies and advisers share his purported view of his performance against Harris, though it is unclear how honest they have been with him so far. When Trump asks, “What do we think?” — as he did repeatedly to people he spoke to overnight and on Wednesday — the easiest response has been to tell him that he was great. And many took that path of least resistance.Trump will most likely receive some of his toughest feedback through the television, even on what would normally be friendly shows. While some Fox News opinion hosts, such as Jesse Watters, hunted for the positives in Trump’s performance, many of the commentators on the network Wednesday morning did not offer glowing reviews.“The moderators didn’t fact-check her, but there’s no reason he can’t do it,” former Rep. Trey Gowdy, R-S.C., said on Fox News.Sen. Lindsey Graham, R-S.C., praised Trump on social media after the debate for making the case that America was safer under his administration. But in the spin room afterward, according to Politico, Graham was clearly disappointed, outlining what he wished he had heard: “What I was hoping for was: ‘When I left we had the most secure border in 40 years, mortgage rates were below 3%, gas was $1.87, the Abraham Accords, energy independent, you screwed it all up.’”Several Trump allies and advisers who spoke to The New York Times on the condition of anonymity said they saw the night as a colossal missed opportunity. He had one overriding goal for the evening: to force Harris to own her liberal policy record and to attach her in voters’ minds to the most unpopular aspects of the Biden-Harris record. Instead, he found himself defending many of his decisions and past positions, while spreading unfounded claims about immigrants’ eating pets.Asked to comment, Karoline Leavitt, a Trump campaign spokesperson, said the former president went to the spin room “because he’s fearless and unafraid to take questions from reporters, unlike Kamala Harris,” and knocked her for not giving one-on-one interviews or holding news conferences.She added that Trump “strongly drove home” his message that Harris was “responsible for the problems we are facing today,” a point Trump rarely made Tuesday night. And she insisted that Trump’s advisers “could not be more proud” of Trump “for delivering a masterful debate performance in a three-on-one fight,” accusing the ABC News moderators of ganging up on the former president.Trump’s advisers and allies had hoped he would turn every question Tuesday night back to Harris’ incumbency, asking her why she hadn’t accomplished her plans in the 3 1/2 years she has served alongside Biden. His aides felt good about how he had performed in his prep sessions. One person briefed on the sessions said before the debate that he expected Trump to ask the television audience a version of the devastating question that Ronald Reagan posed in his 1980 debate with President Jimmy Carter: Were voters better off now than they were four years ago?Yet Trump waited until the end of the debate to deliver a version of that argument, seeming to recall his key objective for the night only during his closing statement. He repeatedly took Harris’ bait, getting caught up on personal grievances like the size of his crowds, the dollar amount of his family inheritance and whether he won the 2020 election that he lost.In his debate prep sessions, Trump’s advisers suggested “pivots” for many of the lines of attack that came up Tuesday night. These were typically responses that would turn the focus back to Harris’ partnership with Biden and their joint stewardship of the economy and immigration. But instead of using those pivots, Trump snagged himself on every trap that Harris laid out for him.The question now for Trump and his aides is how to move ahead with eight weeks left in the race.He went to a memorial ceremony for the 9/11 terrorist attacks in New York on Wednesday, shaking hands again with Harris and appearing to greet her cordially. He later visited a fire station, bringing along Laura Loomer, the right-wing provocateur who also traveled on his plane to the debate and who last year shared a video on social media calling 9/11 an “inside job.” Loomer, who has advanced the pet-eating story line, posted conspiratorial questions Wednesday about Harris’ earrings.In the past, when he has faced similar moments of self-inflicted peril, Trump has tried to change the subject with an outlandish gambit or a campaign shake-up. He has publicly defended his campaign leadership but his recent empowerment of Corey Lewandowski to a senior role in the campaign has already caused friction within Trump’s team. Lewandowski, who was fired as his 2016 campaign manager, is known for having sharp elbows and encouraging a “let Trump be Trump” approach.It’s unclear whether there will be any changes to the campaign’s approach — or to his own approach — after Tuesday.After a disappointing performance, Trump typically casts around for others to blame. But at no point during his debate prep sessions was Trump advised to get hung up on responding to jabs about the size of his inheritance or over wild rumors about Haitian migrants’ eating pets, a person with knowledge of the sessions said.Readied for a tough stretch, his advisers now hope he can turn his focus back to the economy, with plans to hold events to highlight the high cost of living under the Biden-Harris administration and to compare it with the much lower prices before the coronavirus pandemic when Trump was in office.Trump is following the debate with a West Coast swing that includes one of his busier fundraising stretches. He will travel to Tucson, Arizona, on Thursday afternoon for a campaign speech billed as focused on the economy and housing, will hold a news conference at his golf course near Los Angeles on Friday morning and then a rally in Las Vegas that evening. In between the campaign events are a series of fundraisers, including in Los Angeles on Thursday night and in Silicon Valley on Friday afternoon.One remaining question is whether Trump will debate Harris again. In 2020, the former president pushed his disastrous first debate with Biden out of the news in part because he contracted COVID and wound up hospitalized. But he also stabilized his standing with a stronger second debate in October.

Former President Donald Trump went into sales-pitch mode immediately after Tuesday night’s debate, walking into the spin room to extol his own performance, crowing on Fox News and going on a late-night posting spree to hype unscientific online polls that he said showed he had crushed Vice President Kamala Harris.

Trump Says He Had a Great Debate. His Allies Privately Say Otherwise.

<ul style="list-style-type:disc;"><li style="text-align:justify;">August inflation was cooler than expected, setting up the Federal Reserve to cut rates next week.</li><li style="text-align:justify;">Nvidia should benefit from lower interest rates, as it will help its valuation and encourage economic growth and investment in AI infrastructure.</li><li style="text-align:justify;">One news outlet said Nvidia could get permission to export its chips to Saudi Arabia.</li></ul><h2 style="margin-left:0in;text-align:justify;">Good inflation news and other factors drove Nvidia up today.</h2>Shares of Nvidia (NVDA 8.15%) were moving higher today on several news items, including a cooler-than-expected inflation report this morning, a well-received presentation at a Goldman Sachs conference this morning, and news that the federal government could allow it to export chips to Saudi Arabia. As a result, the stock closed up 8% on the news.Chip stocks largely jumped as well on the inflation report, with the iShares Semiconductor ETF up 4.6% on the news, and the Nasdaq Composite was up 2.2%.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/pic_1_1_52533da657.png" alt="pic 1"></figure>Image source: Nvidia<h2 style="text-align:justify;">Falling interest rates are good for Nvidia</h2>Investors seemed unsure if the CPI report, which showed inflation rising just 2.5% year over year in August, was good news for stocks, but by the afternoon, the Nasdaq was soaring, paced by Nvidia.The Federal Reserve is expected to cut interest rates next week, but investors are unsure if it will cut rates by 25 or 50 basis points. Ideally, interest rates will come down while the economy remains strong or even gets stronger. That would be the best scenario for Nvidia, as lower rates make growth stocks more valuable, and it should encourage borrowing for investment in artificial intelligence (AI) infrastructure, meaning spending on Nvidia components.Speaking at Goldman Sachs' Communacopia conference, Nvidia CEO Jensen Huang didn't make any major news, but touted the company's technology and the future of generative AI, noting the company's advantages, including its software libraries for applications like autonomous driving and climate tech. He also added, "Demand is so great that delivery of our components, our technology, infrastructure, and software is really emotional for people because it directly affects their revenue. It directly affects their competitiveness."Finally, according to a report from Semafor, the federal government is considering permitting Nvidia to export advanced chips to Saudi Arabia, which it would use to train advanced AI models. While Saudi Arabia isn't a huge market, the loosening of export rules would benefit Nvidia and could lead to other markets opening up.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/pic_2_1_d0a24d0524.png" alt="pic 2"></figure><h2 style="text-align:justify;">Will Nvidia keep gaining?</h2>Tailwinds seem to be forming for the company, as falling interest rates will support investment and its valuation. It's also set to release the Blackwell platform in Q4, and its top customers, including tech giants like Microsoft, Meta Platforms, and Alphabet, have all said that investing in AI infrastructure is a top priority.Even after today's gains, Nvidia stock is still down 17% from its high in June, leaving room for more gains. The stock still looks like a good bet to outperform, even after skyrocketing over the last two years.fool

August inflation was cooler than expected, setting up the Federal Reserve to cut rates next week.
Nvidia should benefit from lower interest rates, as it will help its valuation and encourage economic growth and investment in AI infrastructure.
One news outlet said Nvidia could get permission to export its chips to Saudi Arabia.



Why Nvidia Stock Popped Today

The yen surged to its highest level since the beginning of the year, driven by both domestic and international catalysts.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/avatar1726027023729_17260270245711251014582_ae15967b75.webp" alt="avatar1726027023729-17260270245711251014582.webp"></figure>The yen reached its highest level since the beginning of the year against the dollar on Wednesday (Sept. 11) as U.S. presidential candidates Kamala Harris and Donald Trump began their first debate.As a result, the yen rose 0.68% to 141.5 yen per U.S. dollar, marking its highest level since January 2.The yen's appreciation comes as traders anxiously await the release of the August Consumer Price Index (CPI) in the U.S., which is set to be published the same day. This inflation metric could serve as a key indicator of the Federal Reserve's potential interest rate cuts during its policy meeting on September 17-18.Another driving factor behind the yen's rise was comments from Bank of Japan (BOJ) official Junko Nakagawa. On Wednesday, Nakagawa emphasized that the BOJ would continue to raise interest rates if the economy and inflation perform as expected by the central bank.Shoki Omori, a strategist at Mizuho Securities, noted that Kamala Harris appeared more confident during the debate and laid out clear economic policies.“This has eased market pressure, weakening the U.S. dollar. However, it's still difficult to predict how the dollar will behave depending on which candidate wins,” Omori said.The yen also gained strength from the BOJ official’s remarks, Omori added, citing Nakagawa's statement that “real interest rates are still low, so there is plenty of room to tighten policy.”The market anticipates that the Fed may ease policy for the first time in over four years on September 18, though traders remain divided on the extent of the cut. According to LSEG's calculations, federal funds futures suggest a 69% chance of a 25-basis-point cut and a 31% chance of a 50-basis-point cut.

The yen surged to its highest level since the beginning of the year, driven by both domestic and international catalysts.

Former President Trump and Vice President Harris Debate, BOJ Signals Interest Rate Shift, Yen Hits 8-Month High

A senior official from Saudi Arabia, a key member of the Organization of the Petroleum Exporting Countries (OPEC), stated that the country is open to exploring new ideas in oil trade, including the use of the Chinese yuan in oil transactions. This move could pose new challenges to the U.S. dollar’s dominance in the global oil market.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/avatar1725931678754_17259316791181489157440_eae8e2185d.webp" alt="avatar1725931678754-17259316791181489157440.webp"></figure>ns dominant in oil transactions. The increasing use of the yuan is seen as a challenge to the greenback's status as the world's reserve currency.The yuan's usage has surged following Western sanctions on Russia. Moreover, in November 2023, China and Saudi Arabia signed a three-year currency swap agreement worth 50 billion yuan (equivalent to $7.1 billion), boosting trade between the two nations and increasing the yuan's presence in international transactions.The widespread use of the U.S. dollar in oil transactions has long been a pillar of the greenback's global dominance. Al-Khorayef also highlighted that Saudi Arabia's policy maintains a stable exchange rate between the riyal and the dollar, ensuring stability and providing investors with a hedge against currency risks.While the Saudi government has expressed a positive outlook on the yuan’s use, Al-Khorayef did not specify a timeline for when this might materialize. In 2023, China was Saudi Arabia’s second-largest oil importer, though its purchases fell by 1.8% from the previous year to 86 million tons. In contrast, China imported 107 million tons of oil from Russia, securing a larger market share.The cooperation between China and Saudi Arabia extends beyond oil. The two countries are strengthening ties in various economic sectors. Chinese tech giant Huawei has opened a cloud data center in Saudi Arabia and is advising the nation on automation projects. Additionally, Saudi Arabia's General Authority of Civil Aviation signed a memorandum of understanding with China’s aircraft manufacturer Comac to develop a domestic aviation supply chain.Saudi Arabia is also pushing forward with mineral exploration projects under a $182 million program to tap into significant reserves of phosphate, gold, copper, and bauxite. Expanding the mining industry is part of the Gulf nation’s efforts to diversify its economy and reduce its reliance on oil.As tensions between the U.S. and China continue, many Chinese companies have found opportunities to expand in the Middle East. Al-Khorayef predicts further collaboration between China and Saudi Arabia, particularly in areas such as renewable energy, electric vehicles, smart cities, and robotics.The use of the yuan in oil transactions could not only boost China’s economy but also lead to significant changes in the global financial system, particularly regarding the future influence of the U.S. dollar. &nbsp;

A senior official from Saudi Arabia, a key member of the Organization of the Petroleum Exporting Countries (OPEC), stated that the country is open to exploring new ideas in oil trade, including the use of the Chinese yuan in oil transactions. This move could pose new challenges to the U.S. dollar’s dominance in the global oil market.

Saudi Arabia Considers Using Yuan in Oil Transactions: A New Challenge for the U.S. Dollar

<ul style="list-style-type:disc;"><li style="text-align:justify;">The demand for Nvidia's GPUs is still increasing.</li><li style="text-align:justify;">The stock already has high expectations built into its price.</li></ul><h2 style="text-align:justify;">Nvidia's investors may have become accustomed to its incredible performance.</h2>Nvidia (NVDA 3.54%) stock has been on an unprecedented run for a company its size. In 2023, the stock rose nearly 240%. While 2024 hasn't been nearly as good, it has still been impressive, with Nvidia's stock rising around 108% so far.Investors have gotten a bit spoiled by Nvidia's performance over the past two years, and the status quo may lead some to think Nvidia could double again in the next year. Is this possible?<h2 style="text-align:justify;">AI is driving the demand for Nvidia's GPUs</h2>Nvidia's rise has been directly tied to the rise of artificial intelligence (AI) computing. Its graphics processing units (GPUs) are instrumental in training AI models, as they can process multiple calculations in parallel. Nvidia's products are pretty much undisputed as the best choice in the space, so it naturally became the top pick for any company looking to build out its AI computing infrastructure. The key here is that these companies don't buy one or two GPUs; they connect thousands of these devices to create a machine that can quickly process incredible amounts of information.As a result of this demand, Nvidia's sales have gone through the roof.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/pic_2_1_681a2af755.png" alt="pic 2"></figure>NVDA Revenue (TTM) data by YChartsIn the second quarter of fiscal year 2025 (ending July 28), its revenue rose 122% year over year to $30 billion. Its data center business had the best quarter, with revenue rising 154% year over year to $26.3 billion. One thing to note here is that it also rose 16% quarter over quarter, which shows demand is still ramping up. The performance isn't going away, either. In Q3, management expects $32.5 billion in revenue.Clearly, Nvidia's business is crushing it, and demand is still increasing. But is this enough to cause the stock to double?<h2 style="text-align:justify;">Nvidia has a lot of success already priced into the stock</h2>For Nvidia's stock to double, the company would need to be worth $5.2 trillion. For context, the world's largest company is Apple, which is worth under $3.4 trillion.That's a tall task in just a year, and it's unlikely that it could be accomplished in this time.Why? Because all of Nvidia's growth is already baked into the stock. If you take a look at Nvidia's valuation metrics, you can calculate that Wall Street has already baked in around 33% earnings growth from now until the end of its fiscal year.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/pic_3_1_813cee598d.png" alt="pic 3"></figure>NVDA PE Ratio data by YChartsWhile Nvidia's earnings per share (EPS) rose 168% in Q2, this figure is about to face tough comparisons now that it's overlapping some of fiscal 2024's strong quarters. Furthermore, a price tag of 50 times trailing earnings and 37 times forward earnings is quite expensive.It's more common for a company with a strong pedigree, like Nvidia, to trade for around 30 times forward earnings. So, not only does Nvidia's stock have a bit to go before returning to that point, it would also need to double its earnings for the stock to double.When could that be?At Nvidia's current stock price, it would need its forward EPS projections to be $7.08 to be worth 15 times forward earnings. Because we set the base valuation at 30 times forward earnings, this would result in the stock price doubling.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/pic_4_1_5eb1bae4cb.png" alt="pic 4"></figure>Finding far-out earnings projections isn't easy, and only one Wall Street analyst provides fiscal 2028 (ending January 2028) EPS projections. This analyst sees EPS of $5.45, which is still a ways away from the required $7.08.If it continues that growth trajectory, Nvidia will reach the mark around fiscal 2029, which is about four and a half years away. While that's not a double in a year, that performance would still beat the broader market, which tends to double about every seven years.Nvidia isn't doubling anytime soon, but that doesn't mean it can't be a solid investment now.

The demand for Nvidia's GPUs is still increasing.
The stock already has high expectations built into its price.

Could Nvidia Stock Double in the Next Year?

Bitcoin and crypto institutional product outflows underscore what is becoming a standard September for BTC price performance.Bitcoin (BTC) starts a new week fighting to preserve key support as markets prepare for a deluge of macroeconomic volatility triggers.<h2 style="margin-left:0in;text-align:justify;">BTC price losses echo standard "Rektember"</h2>Bitcoin managed to avoid a significant sell-off around the latest weekly close, setting it apart from the past few weeks.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_2_9f49209ac9.jpg" alt="image 2"></figure>BTC/USD 1-hour chart. Source: TradingViewData from Cointelegraph Markets Pro and TradingView instead shows $55,000 as the level currently on bulls’ radar for a reclaim.“If price can stay above $54.5k, I'm looking for a break above this green zone to see if Bitcoin can regain some upward momentum,” popular analyst Caleb Franzen commented in one of his latest posts on X alongside a chart.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_3_cf1d3084bd.jpg" alt="image 3"></figure>BTC/USD 1-hour chart. Source: Caleb Franzen/XData from monitoring resource CoinGlass reveals a band of ask liquidity being added to the area around $55,500. In its own X post, CoinGlass itself said that it hoped for upward continuation.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_4_b09d4df964.jpg" alt="image 4"></figure>Binance BTC/USDT perp order book data. Source: CoinGlass/X“$52,500 must hold for continuation in the short term,” popular trader Crypto Tony meanwhile concluded about support levels.&nbsp;<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_5_9e137cff9c.jpg" alt="image 5"></figure>BTC/USD 1-week chart. Source: Crypto Tony/XBTC/USD nonetheless remains down 7% in September, roughly in line with historical norms.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_6_86faeb9740.jpg" alt="image 6"></figure>BTC/USD monthly returns (screenshot). Source: CoinGlass"Bitcoin is in a Halving year. So it makes most sense to compare 2024 with previous Halving years," popular trader and analyst Rekt Capital argued while discussing the performance numbers. "In the previous Halving years (2016 &amp; 2020), Bitcoin enjoyed three straight months of upside across October, November and December."<h2 style="margin-left:0in;text-align:justify;">CPI precedes key Fed rate cut decision</h2>A bumper week of US macroeconomic data precedes the all-important Federal Reserve interest rates decision on Sept. 18.The coming days will see both the Consumer Price Index (CPI) and Producer Price Index (PPI) numbers for August, along with more unemployment figures.Whereas the latter saw the bulk of risk-asset reactions last week, now, markets are looking for any last-minute surprises which could change bets on what the Fed will do next.“This is the final week of inflation data before the long anticipated September Fed meeting,” trading resource The Kobeissi Letter wrote in part of its latest X posts on the topic.Kobeissi noted that US stocks had suffered since the month began, making Bitcoin and altcoins no outliers in their lackluster performance.“September 2024 has still not seem a single green day in the S&amp;P 500, a great trading setup,” it added.The latest estimates from CME Group’s FedWatch Tool show markets still favoring an interest rate cut on the more modest side of the scale — 25 basis points rather than 50. This could change, however, as the macro data rolls in.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_7_76d443bc08.jpg" alt="image 7"></figure>&nbsp;Fed target rate probabilities. Source: CME GroupKobeissi, meanwhile, is among those arguing that the Fed is unlikely to surprise to the upside.“As we have been saying for weeks now, both 50 bps rate cuts and emergency rate cuts are NOT needed,” it wrote last week after the unemployment data. “While the labor market is cracking, the Fed needs to avoid moving too quickly again. The Fed has a bumpy road ahead.”<h2 style="margin-left:0in;text-align:justify;">Crypto institutional investment sees a "red" week</h2>The past week has not been kind to crypto institutional investment products as capital flees the sector.In a particularly bearish market appraisal, Bank of America (BoA) revealed the worst slew of crypto fund outflows since the 2022 bear market.At around $600 million last week alone, this, Kobeissi notes, thus represents the second-largest such outflow in the history of the industry.“Over the last several weeks, crypto funds have regularly seen outflows unlike in Q1 when weekly inflows were as much as $3.3 billion,” part of an X post reported. “Risk appetite in crypto seems to have disappeared despite expectations that the Fed will cut rates this month.”<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_8_ad7b2ae25b.jpg" alt="image 8"></figure>Crypto fund flows. Source: The Kobeissi Letter/XThe picture is similarly grim for the US spot Bitcoin exchange-traded funds (ETFs), which recorded net outflows every day last week.Data from UK-based investment firm Farside Investors reveals that two out of the four trading days recorded net outflows above $200 million.“Bitcoin is down~15% over the last two weeks and is trading ~25% below its all-time high,” Kobeissi concluded. “Are crypto markets entering a bear market?”<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/20240909_infofx_cointelegrahp_Do_Hien_image_9_3d402bb14e.jpg" alt="image 9"></figure>US spot Bitcoin ETF flows (screenshot). Source: Farside Investors cointelegraph

Bitcoin and crypto institutional product outflows underscore what is becoming a standard September for BTC price performance.



Is crypto entering a bear market? — 5 Things to know in Bitcoin this week

Exchanges

Super Micro Computer stock (NASDAQ: SMCI) has seen a big sell-off in recent months, falling from highs of nearly $1,200 per share in March to about $445 presently. There have been a couple of trends driving the sell-off including concerns about gross margins, some supply chain issues, and the company’s delay in filing its Form 10-K with the SEC, after short-seller, Hindenburg Research accused the company of irregularities with its accounting. Despite these setbacks, the stock remains up by about 7x from 2022, driven by surging demand for server systems fueled by the generative artificial intelligence wave. However, with these challenges, the stock could decline further, possibly touching around $200 per share.<figure class="image image_resized" style="width:100%;"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/960x0_8_eed079d9cd.webp" alt="960x0 (8).webp"></figure>Super Micro stock trades at just about 18x trailing earnings and 12x forward earnings at the current price level. Although this isn’t a very high multiple, there’s a very real possibility that Super Micro’s earnings could decline after a couple of years of stellar growth. Moreover, the uncertainty relating to compliance-related matters could weigh on the stock. This analysis outlines how the stock could decline by about 50% in the next few years by looking at the company’s potential revenue growth, net margins, and price-to-earnings multiple. While this article spotlights the downside case for the stock, the upside case can be seen here: Can Super Micro stock fare better than AI bellwether Nvidia?SMCI Rallied Big But Witnessed Considerable VolatilitySMCI stock has generated better returns than the broader market in each of the last 3 years. Returns for the stock were 39% in 2021, 87% in 2022, and 246% in 2023. However, the stock has also declined by roughly 60% since March 2024 making it a relatively volatile bet. In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, is considerably less volatile. And it has outperformed the S&amp;P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics. Given the current uncertain macroeconomic environment around rate cuts and multiple wars, could SMCI see a strong jump?Revenues Could Fall As Server Investment Cycle TurnsSuper Micro Computer is a data center solutions provider, which sells server systems, server boards, storage, networking solutions, management software, and installation and maintenance services. SMCI is projected to grow its revenue by close to 90% in FY’25 (the current fiscal year) to levels of about $28 billion, per consensus estimates, as data center-related spending remains strong, with tech companies continuing to invest in AI and accelerated computing capacity. However, the current euphoria might be masking the fact that the server market can, in fact, be cyclical and things could take a turn for the worse.The underlying economics of the end market for the broader AI ecosystem remain weak, and most of AI customers remain loss-making. Large language models are also very expensive to build and train. We could very well be in a phase where companies are seeing so-called FOMO, compelling them to invest in AI just because their rivals are doing so, without a thought about the return on investments. As shareholders seek better returns, we could see capital spending cool off, impacting the likes of Super Micro. Moreover, most AI companies are going through the compute-intensive training phase at the moment, and there’s a real possibility that demand for computing power and servers could cool off once these companies move to the less compute-intensive deployment phase. The server market is also very commoditized. While Super Micro does have some competitive advantages, given that its products are seen as being more customizable, the company’s lead in these areas is hardly insurmountable and competition could mount considerably. Considering a potential cooling of demand and higher competition, if SMCI’s revenues decline by about 15% each year over FY’26 and FY’27 revenues could stand at $20 billion by FY’27. Looking for more companies that can benefit from increased digitization and AI deployment?Combine this weaker-than-expected revenue growth with the possibility that Super Micro’s adjusted net margins (net income, or profits after all expenses and taxes, calculated as a percent of revenues) can decline a bit. Although margins expanded from 6% in FY’22 to about 9% in FY’24, driven by higher economies of scale, they could decline meaningfully if sales drop and competition mounts reducing the company’s volumes and pricing power. Moreover, SMCI has seen its gross margins face some pressure in recent quarters as it sells a higher mix of liquid-cooling systems, which are proving expensive to produce and this trend could also continue. Considering this, it may be reasonable to assume that Super Micro’s adjusted net margins could decline from an estimated 9% this year to about 6.5% by FY’27, or about 0.72x current levels.Valuation Multiple Could ContractIf revenues decline by about 0.7x between FY’25 and FY’27, with margins contracting by about 0.72x over the same period, this would imply that earnings could fall by about 0.5x. Now if earnings fall by 50%, the P/E multiple is bound to take a hit as investors re-assess SMCI’s overall long-term earnings growth prospects. If SMCI’s P/E multiple gradually shrinks from a multiple of about 12x based on FY’25 earnings presently to about 10x, this could translate into a decline in SMCI stock to levels of under $200 per share by 2027. What about the time horizon for this negative-return scenario? In practice, it won’t make much difference whether it takes 2 years or 5 - if the competitive threat plays out and SMCI sees the demand cycle turn, we could see a correction. And a sizable one at that.&nbsp;

Super Micro Computer stock (NASDAQ: SMCI) has seen a big sell-off in recent months, falling from highs of nearly $1,200 per share in March to about $445 presently. 

A Scenario Where Super Micro Stock Could Fall 50%

In their bids to win the 2024 election, former President Donald Trump has promised to "drill, baby, drill" to lower energy prices, while Vice President Kamala Harris has assured she won’t ban fracking.Those promises may not matter much in the near term. Energy prices are poised to drop, regardless of who wins, says one industry watcher.“Whoever gets elected in November is going to be very fortunate in that they are going to be dealing with some of the most serious energy deflation ... since 2020,” Tom Kloza, OPIS Global head of energy analysis, told Yahoo Finance, referring to the start of the pandemic lockdowns four years ago when US crude prices slumped as travel demand collapsed.<img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Screenshot_2024_09_16_at_20_05_55_34435265de.png" alt="Screenshot 2024-09-16 at 20.05.55.png">The past week was one of the year's most volatile for the energy markets as oil touched its lowest level since 2021 before ticking higher on Wednesday. Year to date, West Texas Intermediate (CL=F) is down about 2%, while Brent (BZ=F), the international benchmark, is down more than 4%.Gasoline prices have also fallen to their lowest level since February, with the national average at $3.24 per gallon, according to AAA.Prices are expected to go lower as the industry soon switches to a cheaper winter-grade gasoline. Analysts predict the national average will dip below $3 per gallon in the coming weeks barring an unforeseen event."These sub-$3 prices are sure to boost consumer sentiment going into the fall,” GasBuddy head of petroleum analysis Patrick De Haan told Yahoo Finance.Weak demand out of China, the biggest importer of oil, has been the main driver of declining crude prices. The country has been battling a housing crisis while shifting toward electric vehicles and more natural gas consumption.Cracks in the US economy and in Europe have also weighed on the markets, keeping some speculators notably at bay.“What happened this summer and what continues to happen is that you do not have speculators buying futures and options contracts anymore,” said Kloza. “The fact that we didn’t see more speculative money coming into the market … that might represent a real sea change for oil.”"Right now, financial participation in oil markets is probably as low as it’s been since oil became an asset class,” said Kloza.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/b9ecfe70_6e8f_11ef_abf8_cdbd79f1bae3_39d997ec3b.webp" alt="b9ecfe70-6e8f-11ef-abf8-cdbd79f1bae3.webp"></figure>The fall in oil prices has been so rapid that Wall Street analysts have been forced to revise down their forecasts. On Monday, Morgan Stanley cut its Brent price target for the second time in a matter of weeks, citing risks of "considerable demand weakness."The analysts forecast Brent will average $75 per barrel in the fourth quarter of this year, $5 lower than the prior downwardly revised outlook of $80 issued in late August.Oil demand growth forecasts have also come down. The International Energy Agency cut its outlook for 2024, citing Chinese oil demand "firmly in contraction."The revision came the same week oil alliance OPEC slightly trimmed its own oil demand forecast. Despite the revision, OPEC's expectations are still near double other industry estimates.The oil alliance spearheaded by Saudi Arabia has been eager to bring back more of its supply by unwinding some of its production cuts, which have helped keep a floor on prices.However, the cartel recently delayed the reintroduction of barrels initially slated for October given the slump in oil. The postponement didn’t do much to boost prices.“OPEC+ still has a significant amount of oil that is just waiting to return to the market. And I think that’s the concern — is there really that demand to really satisfy and absorb that increased oil that is going to come back to the market sometime soon?” Tortoise senior portfolio manager Rob Thummel told Yahoo Finance on Wednesday.In a nod to centrists, during Tuesday's event Harris underscored record production in the US, the largest oil and gas producer in the world."We have invested a trillion dollars in a clean energy economy while we have also increased domestic gas production to historic levels," said Harris.Meanwhile, at rallies, Trump has promised to produce even more oil in order to cut energy prices in half and bring gasoline below $2 per gallon, though analysts expect producers to keep his "drill, baby, drill" vow in check if prices go too low.On average, companies need the price of US crude to be at least $64 per barrel in order to profitably drill a new well, and $39 for existing ones, according to the Dallas Federal Reserve survey.With WTI trading near $69, production is expected to continue growing amid technological breakthroughs. The US reached peak production last year despite declining US drilling activity because new wells are more efficient, according to government data. US oil production next year is expected to reach another record level, given advances in horizontal drilling and fracking."Ukraine war, the COVID lockdowns, those are the things that shaped oil prices in the last four years," said OPIS's Kloza."The more likely thing is that we’re going to see much more modest prices next year, and we'll see oil trade in [on] a lot quieter terms than we have for the last three years," he added.

In their bids to win the 2024 election, former President Donald Trump has promised to "drill, baby, drill" to lower energy prices, while Vice President Kamala Harris has assured she won’t ban fracking.

‘Serious energy deflation’ is coming whether Trump or Harris wins, says analyst

Warning

Recently, MCC Markets has stirred up the investment community in Vietnam. Despite having appeared just over a month ago, this platform has been involved in multiple scams, causing significant concern among investors. While MCC Markets claims to be "based in Dubai," its actual origin is from China, raising doubts about its transparency and credibility. Below are essential details you should know to avoid becoming a victim, along with a guide on how Info Finance can support you in filing complaints.<h1>Warning: Is MCC Markets Truly Trustworthy?</h1><figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/screenshot_1726218209896_e2e056e5e0.png" alt="screenshot-1726218209896.png"><figcaption>https://www.facebook.com/groups/bocphotsanforexluadao/posts/2226398184230073</figcaption></figure>MCC Markets presents itself with a flashy image, claiming to originate from Dubai – one of the world’s major financial hubs. However, according to several investors, the platform is actually based in China and lacks a valid operating license. Another reason MCC Markets is under suspicion is the involvement of a Vietnamese woman known as Rosie Doan, who is reportedly behind the platform’s operations. Many victims believe MCC Markets is nothing but a "junk" platform that specializes in scamming Vietnamese investors.Even more concerning is that when investors request to withdraw funds or ask for proof of legitimacy, MCC Markets fails to respond. This silence only strengthens suspicions that the platform is a scam, designed to seize investors' funds without any intention of returning them. Many have lost significant sums of money, causing severe personal financial losses.<h1>The Consequences of Investing in MCC Markets</h1><figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/screenshot_1726218158865_c679e3f1c4.png" alt="screenshot-1726218158865.png"></figure>Victims who have reached out to Info Finance reported that they were unable to withdraw funds from their trading accounts and received no support from MCC Markets. Some individuals have invested tens of millions of VND, but to date, they have not been able to recover their funds. Furthermore, MCC Markets has failed to provide any verifiable proof of transparent transactions, leading many investors to believe that this is a sophisticated scam.Several victims are urging the community to spread the word about MCC Markets to reclaim the rights and justice for Vietnamese traders while warning others about the risks of investing in this platform.<h1>Info Finance: Supporting Investors in Filing Complaints Against MCC Markets</h1>At Info Finance, we gather and analyze complaints from investors to protect your rights. If you or anyone you know has fallen victim to MCC Markets, we recommend the following steps to file a complaint and demand a refund for the scammed funds:Step 1: Visit the official InfoFinance website:<a href="https://infofinance.com/">&nbsp;https://infofinance.com/</a> Step 2: Click on "Report Broker/ Khiếu nại sàn" on the homepage. Step 3: Select "Send Report/ Gửi khiếu nại" to start filing your complaint.Thank you for staying updated with InfoFinance. Don't forget to follow our fanpage to get the latest news. If you need assistance with transactions or dealings with platforms, please contact InfoFinance via the following channels:Support: CS@infofx.vn Hotline: 0904 096 829 / 0931 085 659

Recently, MCC Markets has stirred up the investment community in Vietnam. Despite having appeared just over a month ago, this platform has been involved in multiple scams, causing significant concern among investors. While MCC Markets claims to be "based in Dubai," its actual origin is from China, raising doubts about its transparency and credibility. Below are essential details you should know to avoid becoming a victim, along with a guide on how Info Finance can support you in filing complaints.

Scam alert from MCC Markets broker

NEW DELHI: The Nifty Auto index traded negative around 10:08AM(IST)on Friday in a weak market.Bosch Ltd.(up 2.23 per cent), Tata Motors Ltd.(up 1.2 per cent), MRF Ltd.(up 0.62 per cent), Apollo Tyres Ltd.(up 0.38 per cent) and TVS Motor Company Ltd.(up 0.35 per cent) were among the top gainers.<figure class="image image_resized" style="width:100%;"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/AA_1qu_Atz_f13ab4fa2f.jpg" alt="AA1quAtz.jpg"></figure>Samvardhana Motherson International Ltd.(down 2.29 per cent), Mahindra &amp; Mahindra Ltd.(down 0.65 per cent), Maruti Suzuki India Ltd.(down 0.49 per cent), Eicher Motors Ltd.(down 0.44 per cent) and Hero MotoCorp Ltd.(down 0.18 per cent) were the top losers on the index.The Nifty Auto index was down 0.02 per cent at 25774.8 at the time of writing this report.Benchmark NSE Nifty50 index was down 51.91 points at 25337.0, while the BSE Sensex was down 164.54 points at 82798.17. Among the 50 stocks in the Nifty index, 19 were trading in the green, while 31 were in the red.Shares of Vodafone Idea, YES Bank, IDBI Bank, Tata Steel and Suzlon Energy were among the most traded shares on the NSE.Shares of KDDL Ltd, Edelweiss Financial, Servotech Power Syst, Bharti Hexacom and Campus Activewear hit their fresh 52-week highs in today's trade, while Stampede Cap(DVR), Viji Finance, Alps Industries, Rollatainers Ltd and Nila Spaces hit fresh 52-week lows in trade.

Bosch Ltd.(up 2.23 per cent), Tata Motors Ltd.(up 1.2 per cent), MRF Ltd.(up 0.62 per cent), Apollo Tyres Ltd.(up 0.38 per cent) and TVS Motor Company Ltd.(up 0.35 per cent) were among the top gainers.

Stock market update: Nifty Auto index falls 0.02% in a weak market

In the booming era of online financial trading, choosing a reputable platform is always a top concern for investors. However, not everyone is lucky enough to avoid the sophisticated traps set by fraudulent trading platforms. Basel Market is a prime example of manipulative tactics designed to seize investors' assets. Many have been deceived, losing thousands of dollars after engaging with this platform. InfoFinance has exposed Basel Market’s dubious trading activities.<h1 style="text-align:justify;">Investor Exposes Basel Market's Deceptive Traps</h1>"I traded with Basel Market through a person named Bảo Ngọc. Initially, she frequently engaged in conversations, offered advice, and gradually led me into investing. Once everything was in place, I was introduced to another broker, who provided market trends and suggested major corporations' dividend-sharing deals.<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Thiet_ke_chua_co_ten_4_a893e10bf1.png" alt="Thiết kế chưa có tên (4).png"></figure>At first, the trading process went smoothly. I deposited money according to their instructions, placed orders on my own, and even made profits. However, everything changed when I discovered that the platform had placed large orders without my consent. This resulted in severe losses, leaving my account with a deficit of up to $7,000.I realized I had trusted strangers too easily and had been taken advantage of. They spent a lot of time building trust, from daily conversations to providing cleverly guided advice. It was all part of a plan to lure me into investing, only to ultimately withdraw my funds.I am sharing my story not only to warn others about Basel Market but also to hope that investors become more informed about the consultants at this platform. Together, we can track down and prevent similar fraudulent activities in the future."<h1 style="text-align:justify;">Critical Warning for Investors</h1>This case serves as a wake-up call for all investors. InfoFinance has been collecting evidence and working with the platform to clarify suspicions of fraud and asset appropriation.From this situation, there are several important lessons every investor should take note of:<ol><li>Be wary of attractive offers: Scammers often use tactics to build trust before luring investors into seemingly promising "opportunities." Don’t easily believe offers without thorough verification from reputable financial institutions.</li><li>Research the platform thoroughly before investing: Take the time to investigate the trading platform you intend to join, including reading the terms, withdrawal policies, and other important regulations. This can help you avoid unnecessary risks.</li><li>Keep detailed records: Always document transactions, contracts, and all communications related to your investments. These documents will serve as vital evidence should you encounter any legal issues or need to file a complaint.</li></ol>If you detect signs of fraud, immediately report it to the relevant authorities for support and protection of your rights.<h1 style="text-align:justify;">InfoFinance - Standing with Investors</h1>When encountering issues with a trading platform, investors can receive help from InfoFinance by following these simple steps:<figure class="image"><img src="https://infofinance-prod.s3.ap-southeast-1.amazonaws.com/Screenshot_2024_09_12_at_23_10_06_1be0114e83.png" alt="Screenshot 2024-09-12 at 23.10.06.png"></figure><ul><li>Visit the official InfoFinance website at infofinance.com</li><li>Select the "Report a Trading Platform" section on the homepage.</li><li>Complete the form and submit the report so InfoFinance can assist in resolving your issue.</li></ul>Thank you for standing with InfoFinance. To stay updated with the latest news and receive support during your trading journey, follow us on the InfoFinance Official fan page.

In the booming era of online financial trading, choosing a reputable platform is always a top concern for investors. However, not everyone is lucky enough to avoid the sophisticated traps set by fraudulent trading platforms. Basel Market is a prime example of manipulative tactics designed to seize investors' assets. Many have been deceived, losing thousands of dollars after engaging with this platform. InfoFinance has exposed Basel Market’s dubious trading activities.

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