Walmart Sells Entire JD.com Stake for $3.6 Billion, Shifts Focus to Sam’s Club in China

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Walmart Sells Entire JD.com Stake for $3.6 Billion, Shifts Focus to Sam’s Club in China. 🛒 The company has sold its entire stake in JD.com for $3.6 billion, marking an 11% discount on the Chinese e-commerce giant's share price. The U.S. retailer plans to focus on expanding its Sam’s Club operations in China, with 45 locations already established across the country. MarketWatch reports.

🎯 ElliottWin: Elliott jumps to front of creditors line in debt deal with ex-McAfee unit. Yahoo Finance reports.

🚗 Stellay: Stellantis delays investment plans for Illinois. Reuters reports.

🔝 PlayPlus: Netflix stock hits record high as company touts ad sales ahead of NFL, WWE debuts. Yahoo Finance reports.

🤝 V-Jointure: J&J to buy medical device maker V-Wave for up to $1.7 billion. Reuters reports.

🛑 JetPause: Boeing pauses tests of 777X aircraft after finding damage to one of the jets’ structures. CNBC reports.

🛠️ MetaMend: UK competition watchdog accepts Meta's changes to ad data rules. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $REVB: Revelation Biosciences
Total gain: +141.71%

2. $SDIG: Stronghold Digital Mining
Total gain: +60.4%

3. $WENA: Anew Medical
Total gain: +37.86%

4. $BBAI: BigBear.ai Hldgs
Total gain: +27.06%

5. $BHAT: Blue Hat Interactive
Total gain: +19.99%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our Risk Management educator.

Trending Price Action and Moving Average Rotation Zones

Moving average rotation zones are significant when the market is trending. The stronger the trend, the more significant the rotation zone on shorter-term charts. A very strong trending market might respect the rotation zone on the 5 or the 15-minute chart and not pullback enough to enter a rotation zone on a 60-minute chart. So, when you're in these trends, you want to scalp in the direction of the trends, not the opposite direction and you could use R-Zones on shorter-term charts for the same reason.

When a market enters an extended period of consolidation or congestion, moving averages will converge and go flat, centered around the middle of the congestion. During this phase, the rotation zone loses its relevance, and we wait for the market to exit the congestion before it becomes significant again.

The closing price of the top three market percent gainers trading near or above $3 on August 20.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $TTNP: Titan Pharmaceuticals
Total gain: +94.82%
The company announced that it has entered into a Merger, Contribution, and Share Exchange Agreement for a business combination with KE Sdn. Bhd. The Merger Agreement has been approved by Titan's Board of Directors. Benzinga reports.

2. $GTI: Graphjet Tech
Total gain: +49.21%
The stock appeared to be moving on no notable news.

3. $BYU: Baiyu Holdings
Total gain: +42.86%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

ZM: Zoom Video Communications
2Q 2025
After Market Close
Estimate: 1.210
Actual: N/A

NDSN: Nordson
3Q 2024
After Market Close
Estimate: 2.330
Actual: N/A

A: Agilent Technologies
3Q 2024
After Market Close
Estimate: 1.260
Actual: N/A

Time (ET) / Report / Period

2:00 pm - Minutes of Fed's July FOMC meeting

“You don’t need to be a financial expert to pick good stocks. You just need to be observant and diligent about the companies you know and understand.”

― Peter LynchSourced in:
“One up on Wall Street: How to use what you already know to make money in the market”, by Peter Lynch, published in 1989