July 1, 2025 03:00 PM GMT Internet names rose +7% last week (SPX/NDX +3%/+4%) led by META/GOOGL/AMZN +8%/+7%/+6%. Markets reached all-time highs amid trade negotiation progress as we enter 2Q preview season. Fundamental focus ahead. AMZN/GOOGL/META 31X/18X/27X '26 EPS (+1%/-4%/+20% vs TTM avg). | M | | | | --- | --- | --- | | | | Update | | July 1, 2025 03:00 PM GMT Internet North America | Morgan Stanley & Co. LLC | | | | Brian Nowak, CFA | | | | Equity Analyst | | | Where Are We Trading Now: | Brian.Nowak ...