A pair of behemoths in the retail space, both Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) have been strong winners in 2024. However, it's Walmart's stock that has been the bigger winner this year, up nearly 80% year to date as of this writing compared to about a 47% return for Amazon's stock.

Amazon (AMZN) investors, as the stock is up 48% based in the year to date. The e-commerce giant is outperforming the S&P 500 Index ($SPX) and hit record highs after Election Day. Can Amazon keep it up into the new year and beyond?