As market indices (^DJI, ^IXIC, ^GSPC) swing into the green after a mixed opening, the cryptocurrency dogecoin (DOGE-USD) is also seeing gains Thursday morning. Yahoo Finance's Jared Blikre takes a closer look at the memecoin's performance, while also examining Home Depot (HD), select ETFs, and small-cap indexes.
For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
Editor's note: This article was written by Luke Carberry Mogan.
Video Transcript
JARED BLIRKE: Since we're doing the Yahoo Finance training taker list, I'd be remiss if I didn't hit Dogecoin just because of all the crypto frenzy. And you can see. Here's the year-to-date chart, up 133%, pretty sure that's besting Bitcoin here.
But let's take a look at the five-year chart. You can see it is but a shadow of where it had been. This was the whole GameStop early crypto 2021 era there where a lot of stocks and crypto itself peaked. So Dogecoin, kind of clawing back some of those gains-- losses, excuse me.
And also taking a look at Home Depot real quickly here, this is a stock that's up. You can see. Over the last five years, up 102%. We were talking with an analyst yesterday who liked Lowe's in-- excuse me-- in comparison to Home Depot. But nevertheless, Home Depot, up 11% overnight.
Now, I do want to check in on some of our leaders and sentiment leaders this week. And here we have over the last four days-- let me punch this up. I'm not going to be surprised to see crypto in the lead.
GBTC, that's my crypto ETF. That proxy, up 11%. But then you have solar energy. Then you have real estate-- excuse me-- regional banks that's KRE. Then you have cannabis.
Small caps, haven't even touched on small caps yet. But small caps have been trying to break out of a multi-year-- multi-year consolidation here. So there's lots of room to go it looks like for a lot of these indexes and a lot of these issues, not the least of which is apparently Dogecoin.
