COMPANY OF THE YEAR Why Walmart is Yahoo Finance's 2024 winner HKSE - Delayed Quote • HKD HighTide Therapeutics, Inc. (2511.HK) Follow Compare 0.960 0.000 (0.00%) At close: 3:59:00 PM GMT+8 Related News Walmart is the 2024 Yahoo Finance Company of the Year Walmart has secured Yahoo Finance's coveted annual Company of the Year award. Go inside its year and road ahead with CEO Doug McMillon and CFO John David Rainey. Bitcoin prices briefly break $106K level Bitcoin (BTC-USD) prices surged past $106,000 in early Monday trading, continuing its rally that gained momentum following Donald Trump's reelection in November. Morning Brief Anchors Seana Smith and Brad Smith break down the details. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Why Walmart is clobbering its rivals Walmart (WMT) has had a year for the record books. The company’s stock is up a sizzling 80% this year. Its financial performance has been beyond impressive given Walmart’s size. And Walmart continues to out-perform key retail rivals such as Target (TGT). It’s for these reasons Walmart has secured the 2024 Yahoo Finance Company of the Year award. Yahoo Finance Executive Editor Brian Sozzi sat down with Walmart CEO Doug McMillon to learn more about the company’s growth plans and what keeps the longtime CEO up at night. He says Walmart is truly firing on all cylinders. But can Walmart stay dominant in the years to come as Amazon (AMZN) gets even stronger and others in retail mount comebacks? Sozzi welcomes retail and supply chain expert Brittain Ladd on Opening Bid for an in-depth discussion on the future of the world’s largest retailer. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Learn more about why Walmart was named Yahoo Finance's Company of the Year Walmart is the 2024 Yahoo Finance Company of the Year Walmart CEO explains how big investments are now paying off Walmart CEO explains how big investments are now paying off Walmart has been named Yahoo Finance's 2024 Company of the Year. Its stock is up nearly 80% year to date, and sales are booming. Why? In an exclusive interview with Yahoo Finance Executive Editor Brian Sozzi, Walmart CEO Doug McMillon explains how pre-pandemic investments are starting to pay off. "We invested in wages for our associates. We invested in our people, things like education. We invested in lower prices, we invested in e-commerce, we invested in technology, all within a pretty tight period of time," he said. One thing that's helping to boost the bottom line is the type of customer Walmart (WMT) is drawing in. The company says it is increasingly attracting more higher-income consumers. McMillon thinks that convenience has been drawing a different customer base. He also discusses inflation, noting that the prices for general merchandise are falling faster than food items. A top-of-mind topic for many CEOs right now is the threat of a trade war, with President-elect Trump threatening to enact more tariffs. McMillon thinks Walmart is "positioned to manage" tariffs but worries that customers may see higher prices, even though the retail giant plans to "do everything we can to try and keep them low." There's one technology McMillon is excited about — generative AI. "It's going to help us be more anticipatory for customers and members ... The world will look more like personal shopping assistance than it will an old-fashioned search bar with a laundry list of results that you and I then have to work through as a customer. Just saving us time, making it more convenient, helping us solve problems," McMillon said of the tech. Watch the video above to hear what McMillon expects for Walmart over the next 10 years. For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich. Palantir, Axon Tumble Despite Nasdaq 100 News, MicroStrategy Rises; Super Micro Get The Axe Palantir, bitcoin play MicroStrategy and Axon Enterprise will join the Nasdaq 100 index. Moderna, Super Micro and Illumina will exit. Bitcoin Price Hits Record; Here's How Trump May Fund Strategic Reserve The Bitcoin price touched a new high amid clues as to how President-elect Trump may create a strategic reserve. SoundHound Called 'Underappreciated Pure Play AI Company' SoundHound AI stock scored a price-target hike as the maker of conversational AI voice technology continues its meteoric rise. MicroStrategy Buys More Bitcoin Ahead of Joining Nasdaq 100 (Bloomberg) -- MicroStrategy Inc., the dot-com-era software maker turned leveraged Bitcoin proxy, bought an additional $1.5 billion of the cryptocurrency through the sale of stock. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsIt was the sixth consecutive Monday that the Tysons Corner, Virginia-based firm anno Honeywell Weighs Aerospace Split After Elliott Breakup Call (Bloomberg) -- Honeywell International Inc. said it’s considering strategic options, including the possible separation of its aerospace business, a month after Elliott Investment Management called for a breakup of the industrial group.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfCity Hall Is HiringLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO ResignsHoneywell is “well-positioned Watch These MicroStrategy Levels as Bitcoin Hits Record, Stock Added to Nasdaq 100 MicroStrategy shares rose in premarket trading Monday after Bitcoin set a new record high and the company's stock was added to the Nasdaq 100 index. Monitor these important chart levels. Viridian Therapeutics Skyrockets After Besting Amgen In Thyroid Eye Disease Viridian Therapeutics stock popped Monday after the company scored a win in thyroid eye disease, a condition that causes the eyes to swell. Nvidia Partner Super Micro Faces Stock Decline Amid Nasdaq-100 Exclusion and Auditor Changes Despite recent setbacks, Super Micro's stock gained early this year due to strong demand for AI-optimized servers. MicroStrategy Additional Big Bets: $1.5 Billion Bitcoin Purchase Last Week Michael Saylor's Bitcoin obsession hits new heights as MicroStrategy doubles down on its record-breaking crypto strategy. FDA Approves Checkpoint Therapeutics' Skin Cancer Drug One Year After Rejection On Friday, the FDA approved Checkpoint Therapeutics, Inc.’s (NASDAQ:CKPT) Unloxcyt (cosibelimab-ipdl) for metastatic cutaneous squamous cell carcinoma (cSCC) or locally advanced cSCC who are not candidates for curative surgery or curative radiation. Unloxcyt is the first and only programmed death ligand-1 (PD-L1) blocking antibody to receive FDA marketing approval for this indication. The recommended commercial dosage of Unloxcyt is 1,200 mg administered as an intravenous infusion over 60 minute MicroStrategy Buys Even More Bitcoin. Here’s How Much It Owns Now. What company is buying Bitcoin at above $100,000? It’s MicroStrategy, the the largest corporate holder of the cryptocurrency. Honeywell weighs jettisoning aerospace division, following the breakup of other US conglomerates Honeywell said that it may calve its aerospace division from the conglomerate, sending shares up more than 2% before the opening bell Monday. The announcement arrives about one month after Elliott Investment Management revealed a stake of more than $5 billion in the aerospace, automation and materials company. In a letter sent to Honeywell’s board, Elliott said that the company needed to simplify its structure as it deals with uneven execution, inconsistent financial results and an underperforming stock price. Super Micro's Shocking Fall: Nasdaq Exit, Stock Plunge, and Capital Raise Chaos Once a tech darling, Super Micro now faces a steep decline and uncertain future Honeywell Considers Separation of Aerospace Business as Part of Portfolio Optimization Efforts Honeywell International (HON) on Monday said it is evaluating a potential separation of its aerospac Honeywell Stock Rises. It Mulls Spin-Off Weeks After Activist Called for Breakup. Honeywell is considering spinning off its aerospace business and the development comes about a month after an activist investor had called on the industrial conglomerate to do so. “Since aligning our business this past January to three compelling megatrends—Automation, the Future of Aviation and Energy Transition—we have been moving swiftly and decisively to optimize the Honeywell portfolio to deliver superior growth and drive incremental shareholder value,” said CEO Vimal Kapur in a statement. “At the same time, we have been evaluating more transformational changes.” Ford down after Jefferies downgrade stock to ‘underperform’ Investing.com -- Ford Motor Company (NYSE:F) shares were down more than 3% before the opening bell on Monday, after Jefferies downgraded the American carmaker to "underperform" from "hold" on concerns over inventory build-up, strategic uncertainty in Europe, and a widening gap between warranty provisions and cash outflows. Performance Overview Trailing total returns as of 12/16/2024, which may include dividends or other distributions. Benchmark is HANG SENG INDEX Return 2511.HK HANG SENG INDEX YTD -92.59% +16.12% 1-Year -91.95% +17.89% 3-Year -91.95% -15.48%