COMPANY OF THE YEAR Why Walmart is Yahoo Finance's 2024 winner Frankfurt - Delayed Quote • EUR TOYA S.A. (6PJ.F) Follow Compare 1.8000 +0.0700 (+4.05%) As of 9:42:43 AM GMT+1. Market Open. Related News Bitcoin surpasses $107,000 to hit new high amid 'relentless' ETF demand Bitcoin climbed as high as $107,000 on Monday as the Trump trade soared to new heights. Walmart CFO: 'We're a company that wins in any type of economic environment' Walmart CFO John David Rainey takes Yahoo Finance behind the numbers of our Company of the Year award winner. Trump, SoftBank CEO announces $100B AI investment in US SoftBank (9984.T, SFTBY) CEO Masayoshi Son confirmed the company's $100 billion investment in the United States at a press conference alongside US President-elect Donald Trump at the Mar-a-Lago resort on Monday. This venture is expected to generate 100,000 new jobs. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith and updated by Luke Carberry Mogan. Tesla price target bumped up to $515 by Wedbush Wedbush analyst Dan Ives has turned increasingly bullish on Tesla (TSLA), raising the price target on the EV maker to $515 per share. Ives went on to extend his bull case to $650 per share, with a total potential valuation of $2.1 trillion. Ives cites two key drivers for his optimistic outlook: Tesla's significant progress in full self-driving technology and the potentially supportive policy environment under the incoming Trump administration. Catalysts anchors Seana Smith and Madison Mills break down the details. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Netflix, Ford, Biogen: Trending tickers Morning Brief anchors Seana Smith and Brad Smith discuss Wall Street's latest stock analyst recommendations. Loop Capital downgraded Netflix (NFLX) stock to Hold from Buy while raising the price target to $950 per share, arguing the stock is approaching fair value. Meanwhile, Oppenheimer analysts raised their price target to $1,065 per share, highlighting the company's expansion into live events. Ford (F) shares declined after Jefferies downgraded the automaker to Underperform from Hold. The firm cited several challenges, including inventory overhang and strategic complexities surrounding its European business operations. Additionally, Stifel analysts reduced Biogen's (BIIB) rating to Hold from Buy, noting an absence of clinical catalysts for the upcoming year. 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 MicroStrategy, Palantir, Axon to join the Nasdaq 100 next week Bitcoin bull MicroStrategy (MSTR), Palantir Technologies (PLTR), and Axon Enterprise (AXON) will be joining the Nasdaq 100 (^NDX) next Monday, December 23. These three companies will be replacing Illumina (ILMN), Super Micro Computer (SMCI), and Moderna (MRNA) in the index. The Morning Brief's Seana Smith and Brad Smith report more on this. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. 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. Why BlackBerry Stock Soared 16% Today Shares of one-time smartphone leader BlackBerry (NYSE: BB) stock soared 16% through 11:40 a.m. ET Monday morning after the company announced it will sell its Cylance endpoint security assets to private cybersecurity operator Arctic Wolf. With its smartphone business out of the picture, BlackBerry has morphed into a specialist in software for cyber and Internet of Things (IoT) applications. It's the former business that interests Arctic Wolf, which will pay effectively $160 million to acquire it. Bitcoin Tops $107K, MicroStrategy Buys More Bitcoin broke another price record, rising above $107,000 Monday, after crossing $106,000 in late trading Sunday. Meanwhile, MicroStrategy, which calls itself a bitcoin treasury company, announced yet another $1.5 billion bitcoin purchase. Palantir Stock, Which Was Just Added To Nasdaq 100, Sheds 4% Palantir, which is preparing to join the Nasdaq 100, is down Monday. Palantir stock shed more than 4% to 72.67 in midday trade after Nasdaq Inc. said the shares will be added to the Nasdaq 100 before the market opens Dec. 23. Palantir has been on a roll this year, propelled by its strong position in the defense market and AI. Palantir Falls Despite Nasdaq 100 News, MicroStrategy Rises; Super Micro Gets The Axe Palantir, bitcoin play MicroStrategy and Axon Enterprise will join the Nasdaq 100 index. Moderna, Super Micro and Illumina will exit. Stock Market Today: Dow Jones Slips As Nvidia Skids; Cathie Wood Loads Up On This AI Stock Amid 48% Plunge The Dow Jones was steady on the stock market today. A Bitcoin play rose on a Nasdaq move. Cathie Wood bought a plunging AI stock. Magnificent Seven Stocks: Nvidia Stock Sells Off; Google, Tesla Rally To New Highs Nvidia stock sold off Monday, while Tesla rallied to more record highs. Amazon and Google also hit new highs. Top Stock Movers Now: Broadcom, Micron Technology, Supermicro, Ford, and More The Nasdaq climbed to a fresh high Monday as tech stocks gained ahead of an expected decision on interest rates from the Federal Reserve later this week. Investors are bullish on a national bitcoin reserve under Trump, but there's a crypto bonanza brewing at the state level, too While markets eagerly await Trump's potential move on a national bitcoin reserve, several states are already making moves to start holding the crypto. Softbank is wooing Trump with a plan to invest $100 billion in AI Japanese investment giant Softbank (SFTBY) plans to invest $100 billion in the U.S. over the next four years, with its CEO attributing the move to hope for President-elect Donald Trump’s incoming administration. Quantum Stocks on Fire: Rigetti's 21% Jump Caps a Month of Triple-Digit Gains Rigetti Computing surges 21%, leading a quantum stock rally fueled by investor confidence and rising sector momentum SoftBank Pledges $100 Billion US Investment at Trump Event (Bloomberg) -- President-elect Donald Trump announced that SoftBank Group Corp. planned to invest $100 billion in the US over the next four years during an event alongside Chief Executive Officer Masayoshi Son on Monday.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfLondon’s Tube Fares Are Set to Rise by 4.6% Next YearAmerican Institute of Architects CEO Resigns“He’s doing this because he feels very optimistic about our coun These Stocks Are Moving the Most Today: Super Micro, MicroStrategy, Palantir, Tesla, Broadcom, Micron, Ford, and More Super Micro stock will be removed from the Nasdaq 100 index while a report says the server maker is seeking to raise capital, Palantir and MicroStrategy will join the Nasdaq 100 and MicroStrategy gets a further boost from Bitcoin’s jump past $107,000. Tesla Poised for $2 Trillion Market Cap by 2025, Say Analysts Tesla Stock Soars 4% on Price Target Boost from Wedbush and Truist Performance Overview Trailing total returns as of 12/16/2024, which may include dividends or other distributions. Benchmark is MSCI WORLD Return 6PJ.F MSCI WORLD YTD -5.46% +20.90% 1-Year +1.47% +22.56% 3-Year +10.97% +20.67%