4 stocks to watch on Monday: VinFast, PayPal and more
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U.S. stock index futures on Monday ticked slightly lower, as market participants geared up for a week that will see the Federal Reserve's latest monetary policy decision. Investors widely expect the central bank to hold rates stead. Here are some stocks to watch on Monday: 

VinFast (VFS) shares fluctuated in pre-market trading, after the Vietnamese electric vehicle (EV) maker reported a more than 500% increase in deliveries in Q2, ahead of its full financial results scheduled for Thursday. The firm last month debuted on Wall Street via a merger with a special purpose acquisition company, in which shares soared and gave the loss-making startup a market capitalization of $85B, which at that time was bigger than other EV makers such as Nio (NIO), Rivian (RIVN) and Lucid Group (LCID).
Apple (AAPL) stock was marginally higher ahead of the opening bell, after a few Wall Street analysts said that tracking for the tech giant's newly released iPhone 15 models was "strong out of the gate." Wedbush Securities said that pre-orders for the iPhone 15 Pro and Pro Max were up between 10% and 12% Y/Y, which was "much stronger" than expected. TF International Securities also highlighted "robust" demand for the Pro Max. The new devices are slated to go on sale on Friday.
Shares of Micron Technology (MU) rose more than 1% ahead of market open, after Deutsche Bank upgraded the stock to Buy from Hold. The brokerage cited "inflecting fundamentals" in the start of the semiconductor cycle. It noted that prices have started to improve on the back of recent strength for artificial intelligence servers. Deutsche Bank also highlighted the possibility of further appreciation in MU's shares as estimates increase and the valuation multiple expands.
PayPal (NASDAQ:PYPL) stock was under some pressure in pre-market trading, after a MoffettNathanson rating downgrade amid a number of headwinds facing incoming CEO Alex Chriss, including formidable competition from Apple Pay and Block's (SQ) Cash App and limited opportunities for further cost cuts. MoffettNathanson expects PYPL's gross profit growth to remain in the low- to mid-single digits, and sees possible further downside to estimates, particularly due to the strong momentum of Apple Pay.

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