更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha June 4, 2025 03:00 PM GMT Internet | North America Where Are We Trading Now: Will the Early Summer Rally Continue? Internet names rose +2% last week (SPX/NDX +2%/+2%) led by AMZN/GOOGL/META +2%/+2%/+3%. RDDT +12% (Russell 2000 addition), APP +11%, U +26% (positive sentiment), and ETSY +16% (positive 3P checks). AMZN/GOOGL/META 29X/17X/24X '26 EPS (-7%/-9%/+7% vs TTM avg). M Update Morgan Stanley & Co. LLC Brian Nowak, CFA Equity Analyst Brian.Nowak@morganstanley.com +1 212 76 ...