Vietnam Insight

US stocks rebound. US stock futures edged higher on Monday as investors looked ahead to a heavy slate of economic data and earnings reports in the coming days. Markets will receive the January jobs report on Wednesday, delayed by the partial government shutdown, after a run of indicators last week pointed to cooling momentum in the labor market. The postponed January consumer price index reading is also due on Friday. On the corporate front, earnings are scheduled this week from Coca-Cola, Ford Motor, Robinhood, McDonald’s and Coinbase Global, among others. Last week, major averages initially sold off as technology stocks, cryptocurrencies and precious metals came under pressure, before rebounding on Friday as sentiment improved. The Dow rose 2.5% on the week, while the S&P 500 and Nasdaq Composite slipped 0.1% and 1.84%, respectively.

Back to the trading zone 1,700 – 1,800. VNINDEX closed at 1,755.49 (-27.07 points, -1.52%) with liquidity hovering around the 20-day moving average. The market saw 55 gainers and 292 losers.The primary laggards weighing down the index were VCB, BID, and GAS, while the stocks providing upward support were GAS, VIC, and GEL. Foreign investors were net sellers of 920 billion VND, focusing their selling pressure on VCB, VIC, and HDB.

Trading Strategy: Short-term investors should prioritize holding existing positions and be ready to sell according to plan. Temporarily refrain from new purchases and strictly limit margin usage as liquidity tends to decline ahead of the Lunar New Year. For medium-term investors, the power sector continues to show good momentum, while the real estate sector is trading at relatively low price levels.