Carnegie Market Blog


Blockchain, the Four and Brick and Mortar Retailers

Posted by Brent Luce on Nov 27, 2017 3:46:55 PM


The bitcoin craze continues.  As of today, bitcoin is valued at almost $10,000.   This is up from about $800 at the beginning of the year and $20 in 2013.  There are many of people who believe this is a great investment, others who think it is a massive speculative bubble, and more who have no idea what the deal is with Bitcoin or blockchain.  Last month a publicly traded biotech company decided to change its name to include the word “blockchain” change their focus to “buying cryptocurrency and blockchain businesses”.  That change alone caused the stock price to quintuple in a short time.  While Bitcoin itself may or may not be in a speculative bubble, the technology it is built on, blockchain, is quite promising.  Blockchain technology has wide implications and may turn out to be an integral piece of the technology revolution we have entered.  Here is an interesting and non-technical TED Talk explaining How The Blockchain Will Radically Transform The Economy  

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Topics: Retail, $GOOGL, $AAPL, $AMZN, The Four, $WMT, Scott Galloway, Bitcoin, Blockchain, $FB

Big Data in Ohio and Energy Divergence

Posted by Brent Luce on Aug 24, 2017 4:15:00 PM

Energy Stock Divergence

The energy sector has been weak all year, and is now down about 17% year-to-date.  As one would expect, energy stocks generally move with the underlying price in oil.  Recently, this relationship has diverged.  Since June, oil has recovered from $42 to $48 a barrel.  Meanwhile, energy stocks have continued to fall to new lows. To me, this reflects a somewhat bearish sentiment in these stocks as investors have given up on them and pursued other opportunities.  The lower prices have, of course, driven up dividend yields.  Exxon Mobil, for example, is now paying a 4% dividend yield, which is at the high end of its 20-year range.  Divergences like this usually correct themselves, so it will be interesting to see how this plays out.  WATCH:  Time To Buy Energy Stocks? 

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Topics: Retail, Big Data,, $FL, Energy Stocks, $BA

Retail Debacle

Posted by Brent Luce on Nov 18, 2015 4:00:00 PM

Fact Du Jour

One-third of the Fed district banks are run by Goldman Sachs alumni.  

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Topics: Stocks, Retail

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