As market indexes (^DJI, ^IXIC, ^GSPC) turn higher after a mixed start, the cryptocurrency Dogecoin (DOGE-USD) is also rising on Thursday morning. Yahoo Finance's Jared Blikre takes a closer look at memecoin performance, also looking at Home Depot (HD), some ETFs, and small-cap indexes.
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Editor's note: This article was written by luke carberry morgan.
video transcript
Jared Blaik: As we build our Yahoo Finance training list, I'd be remiss if I didn't give Dogecoin a visit due to the crypto craze. And you can see. This is a year-to-date chart, and it's up 133%, so it's definitely outperforming Bitcoin here.
But let's look at the 5 year chart. It turns out it's just a shadow of what it once was. This was GameStop's entire crypto era in early 2021, when many stocks and the crypto itself peaked. So Dogecoin is kind of taking back some of its profits – excuse me.
Let's take a look at Home Depot here. This is a rising stock price. As you can see. Over the past five years he has increased by 102%. I was talking to an analyst yesterday who liked – pardon me – Lowe's compared to Home Depot. Nevertheless, Home Depot rose 11% overnight.
Well, this week I would like to check out our leaders and emotional leaders. I'm here to tell you about the past four days. I wouldn't be surprised to see cryptocurrencies leading the way.
GBTC, that's my crypto ETF. Its agency he increased by 11%. But there is solar energy. And then real estate, sorry, local banks, that's KRE. Then there's cannabis.
We haven't even touched on small-cap stocks or small-cap stocks yet. But small-cap stocks are emerging from a multi-year period of consolidation over the past few years. Therefore, there is a lot of room for improvement in many of these indexes and issues, most notably Dogecoin.
