Alphabet earnings on deck — here's what two traders are watching $GOOGL (via TradingNation)
"Eighty percent of revenues are still coming from advertising, and the lockdown has hurt a ton of businesses, both small businesses and large, like travel," Mark Tepper, president and CEO of Strategic Wealth Partners, said ahead of the report Tuesday on CNBC'sAnd while digital marketing as an industry is likely to endure through the"They're going to see ad spend drop and then it's going to take a few months for this stuff to ramp up before the ad spend follows,"...
"However, it's the shorter-term setup that, technically, I'm a little worried about," he said in the same "Trading Nation" interview, citing Alphabet's chart. The $1,300 is "the exact level" where Alphabet met resistance and began to fall earlier this week, O'Hara said.
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