Vietnam Insight

Diverging movements. US stock futures held steady on Tuesday following a volatile session to start the week. On Monday, the S&P 500 and Nasdaq Composite hit fresh record highs, driven by strength in technology stocks, before paring gains late in the day. The Dow underperformed, closing slightly lower. Among individual movers, Alphabet rose 2.7% ahead of its earnings report on Wednesday, while other megacap tech names also advanced: Amazon gained 1.4%, Netflix 2%, and Meta 1.2%. So far, more than 85% of S&P 500 companies reporting have topped expectations, with Big Tech expected to drive much of the projected 6–7% earnings growth for the quarter. Investors now turn their attention to upcoming earnings from Philip Morris, Coca-Cola, and Lockheed Martin on Tuesday, as well as comments from Federal Reserve Chair Jerome Powell at an event in Washington.

Healthy pullback. VNINDEX closed at 1,485.05 (-12.23 points, -0.82%) with liquidity above the 20-session average. The market had 118 stocks increasing and 203 stocks decreasing. The stocks contributing the most to the market's increase were VPB, HVN, LPB while VIC VHM TCB contributed to the market's decrease. Foreign investors net bought about 181 billion, the value mainly concentrated in VPB and VIC stocks.

Trading Strategy: In technical correction sessions, investors can consider disbursing part of the investment in stocks with good business results expectations and benefiting from market upgrade expectations. Investors can consider investing in stocks that have attracted foreign investors recently, such as banking and real estate.