Vietnam Insight

President Donald Trump nominated Kevin Warsh as the next Fed Chair. US stock futures slipped on Monday as investors prepared for a busy earnings calendar, with more than 100 S&P 500 companies set to report this week. The lineup includes closely watched results from Palantir Technologies, Disney, AMD, Alphabet and Amazon. Investors also shifted focus to Nvidia after reports that the company’s plans to invest $100 billion in OpenAI had stalled, raising fresh concerns about the artificial intelligence trade. On the macro front, attention will turn to Friday’s monthly jobs report for clues on labor market strength and the outlook for Federal Reserve policy. Wall Street came under pressure late last week after President Donald Trump nominated Kevin Warsh as the next Fed chair, a move markets saw as reinforcing a more disciplined and cautious path toward easing. Traders also continued to track cross asset moves following a historic crash in gold, silver and other metals.

Upside expected to resume post-correction.The VNINDEX closed at 1,829.04 (+14.06 points, +0.77%) with trading volume below the average of the last 20 sessions. The market saw 213 gainers and 118 losers. The stocks significantly impacting the index's correction were BID, TCB, and VCB; the stocks contributing to the index's rise were VHM, GVR, and FPT. Foreign investors net bought VND 388 billion, focusing on HPG, MSN, and BID, while net selling VIC.

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: PC1 VNM