Top stocks Walmart, Deckers, and GoDaddy outperforming S&P 500 in 2024

From Nasdaq: 2024-12-15 05:25:00

In 2024, the stock market saw impressive growth, with the S&P 500 up nearly 28% year to date. Top performers include Nvidia, up 180%, and Palantir Technologies, up over 300%. But other surprising winners are Walmart, up 82%, Deckers, up 85%, and GoDaddy, up 95%.

Walmart, a brick-and-mortar retail giant, has seen its stock price surge due to growth in digital capabilities and higher profitability. Despite a more expensive valuation, Walmart’s success in e-commerce and digital advertising has driven its stock price higher, with recent acquisitions contributing to its growth trajectory.

Deckers, a shoe retailer, has experienced a remarkable 85% jump in its stock price this year. With a significant increase in operating profit margin and expectations for continued sales growth, Deckers’ stock remains in high demand despite its already impressive gains in recent years.

GoDaddy, known for domain name services, has seen its stock soar 95% in 2024. The company’s focus on driving growth through ancillary products and AI-powered software has led to increased free cash flow and sustainable growth. With its valuation still reasonable and potential for strong growth in 2025, GoDaddy remains a promising investment opportunity. Walmart, Deckers, and GoDaddy are top stocks to consider due to their potential growth. GoDaddy stands out for its reasonable valuation and growth prospects, making it a strong pick among the three. Don’t miss out on this second chance for lucrative investments, as our expert analysts issue “Double Down” alerts for promising companies like Nvidia, Apple, and Netflix. Invest now before it’s too late. See 3 “Double Down” stocks recommended by experts for potential high returns. Please note that Jon Quast has no position in the mentioned stocks, and The Motley Fool has positions in and recommends Nvidia, Palantir Technologies, and Walmart. The author’s views do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: Everyone Knows About Nvidia and Palantir. But These Other 3 Stocks Are Quietly Crushing the S&P 500 in 2024 As Well.