Vietnam Insight

Positive developments across all markets. US stock futures edged higher on Friday after the major averages ended mixed in the previous session. On Thursday, the S&P 500 and Nasdaq Composite gained 0.07% and 0.18%, respectively, both setting fresh record highs. Meanwhile, the Dow slipped 0.7% but remains higher for the week overall. Markets have been buoyed by strong corporate earnings and positive trade developments. Alphabet rose 1% after surpassing Q2 expectations and raising its 2025 capital spending guidance by $10 billion, reinforcing investor confidence in its AI strategy. In contrast, Tesla tumbled 8.2% as CEO Elon Musk warned of tougher quarters ahead. On the policy front, the Federal Reserve is widely expected to hold interest rates steady at next week’s meeting. President Trump, following a historic visit to the Fed’s headquarters, softened his tone on Chair Jerome Powell, stating he has no plans to dismiss him.

The growth momentum slow down. VNINDEX closed at 1,521.02 (+8.71 points, +0.58%) with liquidity around the 20-session average. The market had 184 stocks increasing and 131 stocks decreasing. The group of stocks contributing the most to the market's increase were MBB, VNM, HDB while HPG HVN MSN contributed to the market's decrease. Foreign investors net sold about 200 billion, mainly focusing on HPG MSN, VHM

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.