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Walmart, GM, Nvidia, Robinhood: All had an award-winning 2024

Yahoo Finance shook things up this year, not just naming a Company of the Year but also Surprise of the Year, Product of the Year, and Comeback of the Year. Walmart (WMT) was named Yahoo Finance's 2024 Comeback of the Year on the strength of its stock and earnings performance. Yahoo Finance Executive Editor Brian Sozzi spoke with CEO Doug McMillon about how the retailer's big investments have been paying off, while CFO John David Rainey explained that the company's recent success didn't happen by accident. Yahoo Finance's Surprise of the Year was General Motors (GM). CEO Mary Barra credits the automaker's diverse portfolio for its big success. Bank of America auto analyst John Murphy also weighed in to give his take on what could be next for the stock. Nvidia's (NVDA) AI-focused Blackwell platform was named Product of the Year. Comeback of the Year went to Robinhood (HOOD). Its stock has surged and it made big headway in diversifying its product offerings. CEO Vlad Tenev discusses what's next for the company while Mizuho senior analyst Dan Dolev argues Robinhood is a stock to own under the incoming Trump administration. Watch more Yahoo Finance Awards coverage here: Why Walmart is clobbering its rivals Walmart rolled back DEI efforts & others may too. Here's why. The 'exciting' part of Robinhood's growth is still ahead: Analyst

More Men Are Addicted to the ‘Crack Cocaine’ of the Stock Market

A new type of addict is showing up at Gamblers Anonymous meetings across the country: investors hooked on the market’s riskiest trades. At Gamblers Anonymous in the Murray Hill neighborhood of Manhattan, one man called options “the crack cocaine” of the stock market. Another said he faced hundreds of thousands of dollars in trading losses after borrowing from a loan shark to double down on stocks.

The 'exciting' part of Robinhood's growth is still ahead: Analyst

Yahoo Finance has named Robinhood Markets (HOOD) its comeback stock of the year. The trading platform's shares have surged over 190% as the company achieved profitability and expanded its product offerings. Piper Sandler Companies senior research analyst Patrick Moley joins Market Domination to analyze Robinhood's growth trajectory. "The most exciting part of this growth story is ahead of us," Moley states, highlighting the company's success in attracting customers and enhancing its product lineup. He points to Robinhood's new web-based trading platform, which opens access to 50% of the retail market that "they never really had access to before," positioning the company for continued expansion in 2025. Moley notes that 75% of Robinhood's customer base consists of millennials or younger users, making products like cryptocurrency and mobile trading particularly appealing because "the customers are much more open to trying new products if introduced on the platform." "One in 10 Americans have a Robinhood account, yet they only have a quarter percent of ... the total retail assets in the United States," he explains, adding, "It's a very small market share, but they have a very strong brand and we expect them to grow their assets under custody and grow earnings significantly in the coming year." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith

Accenture, Robinhood and Coinbase, Vertex: Market Minute

Yahoo Finance host Rachelle Akuffo dives into three stories from several of the top trending stock tickers on the Yahoo Finance platform. Accenture (ACN) shares are popping after topping its fiscal first quarter earnings estimates. Brokerage site Robinhood Markets (HOOD) and crypto exchange Coinbase Global (COIN) see their stocks move higher amid bitcoin's recent volatility (BTC-USD). Lastly, Vertex Pharmaceuticals (VRTX) shares are dropping Thursday morning in response to its Phase 2 trial results for its new non-opioid painkiller. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

Robinhood is the perfect Trump stock: Analyst

Robinhood has come a long way financially since it burst onto the scene during the meme stock frenzy. Amid a tighter control on costs and new product introductions, Robinhood (HOOD) has become a profitable business with its eyes set on taking on legacy financial platforms. The stock has surged this year as the business has pivoted to growth mode. Hence, the company has won Yahoo Finance’s ‘Comeback of the Year’ award. Yahoo Finance Executive Editor Brian Sozzi talks with Mizuho senior analyst Dan Dolev about the future of the stock trading platform Robinhood. The company is becoming more than just a place to buy and sell stocks; think more of a wealth management player — and perhaps sports betting. Dolev is a bull on the stock and makes a compelling case for more upside after a big run-up this year. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.

Robinhood had a big 2024. Here's what's driving its turnaround.

2024 was a big year for Robinhood (HOOD). The stock is up more than 220% over the past year as the company has expanded both its offerings and customer base. The company has yet to reach the all-time highs it saw during the meme-trading frenzy, but it's huge growth in 2024 was enough to earn it the title of Yahoo Finance's Comeback of the year. Looking back, Robinhood CEO Vlad Tenev describes 2022 as a "challenging" year for the company, but now the business is "much stronger, across pretty much all dimensions." Looking ahead, Tenev sees several tailwinds for Robinhood as the world grows wealthier, the internet makes it easier for people to transact, and AI and crypto drawing investors into the market. Tenev tells Yahoo Finance Executive Editor Brian Sozzi that he is "excited" about President-elect Donald Trump picking crypto-friendly Paul Atkins to lead the Securities and Exchange Commission (SEC). "We're looking forward to the end of the regulation-by-enforcement approach that has been bad for the industry, frankly, and bad for the public in the US," he says. Regarding comments Tenev made about potentially entering the sports betting world, he clarifies that he is referring to expanding an election-related product the company offered. "We're going to broaden that. We're going to have a more expansive, regulated events offering and these are CFTC derivatives [Commodity Futures Trading Commission], so federally regulated. There's all kinds of contracts and events that are permissible that we would want to allow people to trade." Watch the video above to hear why Robinhood is so focused on desktop traders. For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich.
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