Vietnam Insight

President Trump Dismisses Federal Reserve Governor Lisa Cook. US stock futures edged higher on Wednesday as investors turned their focus to Nvidia’s earnings, seen as the next major catalyst for markets. In extended trading, MongoDB surged nearly 30% and Okta gained about 6% after both beat Wall Street expectations, driven by strong demand from firms developing artificial intelligence platforms. Cracker Barrel also jumped more than 7% after announcing it will scrap its new logo following backlash from customers and President Donald Trump. In Tuesday’s regular session, the Dow rose 0.3%, the S&P 500 added 0.41% and the Nasdaq Composite climbed 0.44%. Seven of the 11 S&P sectors finished higher, led by industrials, financials and health care. The gains came even as concerns about the Fed’s independence intensified after President Trump’s unprecedented removal of Federal Reserve Governor Lisa Cook.

The uptrend continues. VNINDEX closed at 1,614.03 (-31.44 points, -1.91%) with liquidity lower than the 20-session average. The market had 100 stocks increasing and 233 stocks decreasing. The stocks contributing the most to the market's increase were VIC, SSI, GAS while VPB BID and TCB contributed to the market's decrease. Foreign investors net sold about 1,715 billion, focusing on HPG and VPB

Trading Strategy: The priority strategy is to hold positions and be ready to sell when targets are reached. If the market corrects to the 1,500–1,570 range, investors may consider partial disbursements into stocks with strong earnings and those benefiting from the market-upgrade expectation. However, if institutional inflows do not return at the 1,500–1,570 range, investors should reduce equity exposure to manage risk. 

Buy Recommendation: BSI HPG