Stock Market Soars: Walmart, Deckers, GoDaddy Lead the Pack

The stock market has seen remarkable gains in 2024, with the S&P 500 up nearly 28% year-to-date. Walmart, Deckers, and GoDaddy have emerged as significant outperformers, highlighting the strength of these companies amidst broader market trends, according to a recent report.

Date: 15-12-2024

AI Rating: 7

The report highlights the impressive performance of the stock market in 2024, with the S&P 500 index up nearly 28%. Among the frontrunners in this rally are Walmart, Deckers, and GoDaddy, each showcasing substantial year-to-date stock price increases.

Walmart

Walmart's stock has surged 82% this year, attributed to improved profitability despite modest sales growth. The increase in its digital capabilities has allowed Walmart to benefit from higher-margin opportunities, contributing to its impressive performance. While the stock's rapid rise may elevate its valuation risks, the company's ongoing digital transformation presents a positive outlook for investor sentiment.

Deckers

Deckers Brands has shown exceptional growth, with its stock climbing 85% in 2024 and an operating profit margin exceeding 20%. This drastic increase from below 10% several years ago indicates a significant improvement in profitability, which may attract additional investor interest. With sales expected to continue growing at a double-digit rate, Deckers remains a strong candidate for long-term investment.

GoDaddy

GoDaddy's stock has seen a 95% increase this year, driven by the effective launch of its AI-powered software that enhances adoption of ancillary products. The growth in free cash flow is noteworthy, growing faster than revenue. This trend may suggest that GoDaddy is positioned for sustained growth in 2025 as more customers adopt its offerings.

Overall, the report suggests a favorable investment outlook for all three companies, arguing that they could experience continued success in the evolving market landscape.

Stocks: WMT DECK GDDY