Alphabet set to report earnings after the bell — here's what two traders are watching

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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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China oil companies could report 'significant losses' in the first quarter, Bernstein saysPetroChina and Sinopec are set to post earnings later this week, with Bernstein's Neil Beveridge expecting 'very significant losses in the first quarter' for the two firms. Completely agree, I expect that we are gonna see how Oil becomes 'rubbish' due to low demand and electric vehicles, in the middle and long term. There will be no Rebound which we are gonna see, that's just a 'breather'
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Investors have $5.1 trillion hiding out in the shares of five companies, which will be tested this week'Investors need to dig below the surface of the stock market,' TheAroraReport writes. 'When they do so, they will find that the big money is in the $5.1 trillion hideout of large-cap tech stocks, which will be tested this week.' TheAroraReport Most of them in CDO style mutual funds and ETFs :/
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Japan stocks set to rise as oil prices plunge overnight; HSBC earnings aheadWest Texas Intermediate for June delivery plunged more than 24% overnight to settle at $12.78 per barrel. International benchmark Brent crude futures also saw sharp losses as the contract fell 6.76% to $19.99 per barrel. 😷 Nothing makes sense anymore Clown market.
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