Halliburton (NYSE: HAL) shares have advanced from $4.25 above $22 since March 2020, and the current price stands around $20.7. The company will publish Q4 earnings results on Tuesday, January 19th, and bad results together with renewed coronavirus concerns could add pressure on the stock price. Fundamental analysis: Halliburton will publish Q4 earnings results on January 19th Halliburton is one of the world’s largest oil field service companies that operate in more than 80 countries. Halliburton shares have been moving in an uptrend last several months but renewed coronavirus concerns could add pressure on the stock price. Vaccination is progressing slower than expected, while travel restrictions and lockdowns will keep demand for oil at low levels for a while. Halliburton could be a good long-term investment, but now is not the best time to invest in shares because it could weaken below the current price levels in the upcoming weeks. Halliburton will publish Q4 earnings results on Tuesday, January 19th, before the market open. According to analysts, the EPS estimate stands around $0.14 (-56.3% Y/Y), while the consensus revenue estimate stands at $3.21B (-38.2% Y/Y). We can’t still be sure when we can see a gradual return to pre-COVID
VeChain (VET) has broken the pivotal point and pushed towards creating new all-time highs as an influx of VET buyers came into the market. While the cryptocurrency was in price discovery mode for some time, it fell just below its ATH level and struggles to break above it again. Fundamental analysis: VeChain – today’s top beneficiary of the altcoin season VeChain (VET) is a blockchain-powered supply chain platform that got created in 2015 and launched in mid-2016. VeChain’s goal is to use distributed governance and Internet of Things technology to create an ecosystem that solves some of the problems in the supply chain management sector. The idea is to boost its efficiency, traceability, as well as transparency, all while reducing costs and giving more control to individual users. VeChain is created and co-founded by Sunny Lu, an IT executive that formerly worked as CIO of Louis Vuitton China. VeChain’s outlook is extremely bullish, especially after entering price discovery territory today. While the cryptocurrency did introduce a couple of updates to its protocol in the past week, its upside trajectory is mostly caused by the up-and-coming altcoin season. Looking at its weekly performance, VET has posted gains 16.64%, outperforming
Bitcoin.
KTSDESIGN/SCIENCE PHOTO LIBRARY/Getty ImagesCoinShares launched an exchange-traded bitcoin product on January 19 to be listed in Switzerland.
Each unit of the product will be physically backed by 0.001 Bitcoin.
Bitcoin seems to have entered some form of consolidation following a period of high volatility.
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CoinShares, one of the earliest digital asset investing firms, said on Tuesday it had launched an exchange-traded Bitcoin product.
The CoinShares Physical Bitcoin Product is set to be listed on Switzerland's main stock exchange under the ticker symbol BITC. The dollar serves as its base currency.
Each unit will be physically backed with 0.001 bitcoin, offering investors exposure to the cryptocurrency and the benefits of exchange-traded products.
The issuer is Europe's largest digital asset manager with more than $2.9 billion assets under management. It was among the first to kickstart investments in crypto products. US-based rival Grayscale Investments manages more than $20 billion in digital assets.
"Over the last 12 months, we have seen a steady increase in interest and demand for digital assets from our institutional clients, and this platform has been built with their feedback in mind," Frank Spiteri, chief revenue officer at CoinShares, said in a statement.
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"The physically backed structure is familiar to institutions who have extensive experience in trading similar commodity-based investment vehicles," he said.
Last week, Germany-based ETC Group listed a similar physically-backed bitcoin exchange-traded product on Switzerland's SIX stock exchange last week. The exchange now holds 35 such crypto products.
Bitcoin rose 1.3% to $37,095 on Tuesday, although it was trading upwards of $40,000 only last week. Meanwhile, Ethereum topped its previous all-time high to reach $1,439. The crypto-verse is surging again, but analysts say many cryptocurrency traders are now diversifying into other coins for fear that bitcoin could see another collapse if $41,500 is not reached soon.
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