Walmart Flipkart IPO Coming? | Best Stock Picks Today 4-7-21

Video Chapters
0:00 Profit-Taking Prediction
1:00 Optimal Trading Entry Explained
1:27 Risk/Reward and Profit Potential
1:53 Swing Trading Update
2:17 Swing Trade Mistakes
3:14 Why Win Loss Ratio is a Garbage Metric
3:34 What Winning Stock Traders Focus on to Win
4:10 The Trading Goal That Gets You Profitable
4:50 Review of Stocks in the Dow Jones Industrial Average
5:20 Warning Signs from Major ETF's for the Next 2-3 Days
5:35 Tape Reading Insights
6:55 WMT Stock & Flipkart IPO News
8:38 Buy SBUX Stock at All-Time Highs?
10:05 GM Silverado News and Swing Trade
10:30 PENN Gaming Dave Portnoy Levels to Buy
11:30 Six Other Top Stocks to Buy Now

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Wednesday April 7, 2021.

Using our tape reading strategies, the stock market appears ready for a pause. Not selling, but profit-taking.

And that's a good thing.

We'll get some great swing trade setups. The FOMC minutes are due at 2PM today.

Depending on the language that could be a fresh catalyst. Something day traders must be aware of especially.

We typically see quick volatility around the news.

A couple of trades topping my list today come from the computer hardware group: WDC and STX are resting near new breakout points.

SBUX hit new all-time highs yesterday and I make a pretty compelling case (with proof) for when to buy the stock again.

Walmart Flipkart India Unit Reportedly Progresses Toward IPO

Flipkart, Walmart's (WMT) - Get Report Indian e-commerce titan, is reportedly making progress toward an initial public offering as soon as the fourth quarter of this year.

Walmart has set up an internal IPO team for the Bengaluru, India, online retailer and is leaning toward a traditional debut in the U.S., Bloomberg said, citing people familiar with the situation Source:

Pete Renzulli
 

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