Vietnam Insight

Stable movement. US stock futures were little changed on Tuesday as investors awaited a wave of major earnings reports, with Netflix, Coca-Cola, and General Motors set to release results later in the day. Later this week, attention will turn to earnings from Tesla, Intel, and Procter & Gamble. On Monday, the Dow climbed 1.12%, the S&P 500 rose 1.07%, and the Nasdaq gained 1.37%, lifted by a 3.9% rally in Apple to a record high after reports showed iPhone 17 sales surpassed those of the iPhone 16 in both the US and China. Bank stocks also strengthened as credit market concerns eased. Adding to the upbeat mood, President Donald Trump said he expects to reach a “fair deal” with China’s President Xi Jinping during their upcoming meeting in South Korea, tempering trade tensions. Still, the ongoing government shutdown continued to cast uncertainty over the broader economic outlook.

Short-term decrease. VNINDEX closed at 1,636.43 (down 94.76 points, or -5.47%) with trading volume higher than the 20-session average. The market had 96 gainers and 236 decliners. The stocks contributing most significantly to the market's gains were VTP, VAB, and CTR; those contributing most to the market's decline were VIC, VHM, and VCB. Foreign investors were strong net sellers, with net selling reaching 1,963 billion VND.

Trading Strategy: Short-term investors should refrain from making new purchases for now and wait for the market to form a price base. If the market successfully retests the 1,600-point level, investors may consider allocating capital for medium- to long-term positions, focusing on stocks with strong catalysts — such as those benefiting from market reclassification, robust earnings growth, or valuations that remain lower than the broader market.