Vietnam Insight

Mr. Trump could appoint a new Fed Chair as early as this week. US stock futures were little changed on Tuesday after major benchmarks posted solid gains to start a busy week dominated by the Federal Reserve’s policy decision and earnings from big technology firms. In Monday’s regular session, the Dow advanced 0.64%, the S&P 500 rose 0.5%, and the Nasdaq Composite gained 0.43%. Attention is now turning to Wednesday’s Fed announcement amid speculation that President Donald Trump could name a new Fed Chair as early as this week. On the corporate front, several mega cap technology companies are set to report results, including Apple, Microsoft, Meta Platforms, Tesla and IBM. Elsewhere, shares of major health insurers tumbled in extended trading after the Centers for Medicare & Medicaid Services proposed a modest net average 0.09% increase in payments to Medicare Advantage plans for 2027. UnitedHealth, Humana and CVS Health fell between 8% and 13%.

Correction in an uptrend. The VNINDEX closed at 1,843.72 (-27.07 points, -1.45%) with slightly improved liquidity, reaching the average level of the last 20 sessions. The market saw 73 gainers and 264 losers. The stocks contributing most to the index's rise were GAS, BID, and VCB; the stocks contributing most to the index's decline were VIC, VHM, and VJC. Foreign investors net bought VND 123 billion, focusing on BID, VNM, and VCI.

Trading Strategy: Market corrections often open up opportunities for investors to increase their positions. We recommend focusing on stocks with strong financial results and positive growth prospects for 2026 that have not yet seen a corresponding price increase, such as those in the banking, retail, and securities sectors..

Buy Recommendation: CTD