Vietnam Insight

US stocks little changed ahead of Fed guidance. US stocks hovered near the flatline on Monday, as investors paused after a strong run, with the S&P 500 and the Nasdaq mostly muted, while the Dow dipped roughly by 0.1%. Market attention is shifting to a busy week ahead, featuring earnings from major retailers including Walmart, Target, Home Depot, and Lowe’s, as well as Federal Reserve Chair Jerome Powell’s closely watched speech at the Jackson Hole symposium. Powell’s remarks will be scrutinized for signals on the path of interest rates, with markets pricing in a high probability of a rate cut in September.

Waiting for trend confirmation. VNINDEX closed at 1,636.37 (+6.37 points, +0.39%) with liquidity lower than the 20-session average. The market had 199 stocks increasing and 130 stocks decreasing. The group of stocks contributing the most to the market's increase were VPB, BSR, VIX while MBB CTG and HVN contributed to the market's decrease. Foreign investors net sold about 1,946 billion, focusing on SHB and VPB.

Trading Strategy: In technical correction sessions around 1,510-1,550 points, investors can consider partial disbursement in stocks with good business results and benefiting from market upgrade expectations. In case institutional cash flow does not reappear in the 1,450-1,510 point area, investors can reduce the proportion of stocks to manage risks. We still expect that the industrial real estate and retail groups will still have good buying opportunities, and expect the correction to open up buying opportunities for the securities group