Should You Buy Social Media ETF (SOCL) Now?

Zacks05-02

Global X Social Media ETF SOCL has added 1.3% in the past week. While a huge crash in Facebook-parent Meta META stock (down 15.4%) has weighed on the fund (because Meta has about 13.7% weight in SOCL)...

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While a huge crash in Facebook-parent Meta META stock (down 15.4%) has weighed on the fund (because Meta has about 13.7% weight in SOCL)...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-social-media-etf-socl-170000887.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should You Buy Social Media ETF (SOCL) Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould You Buy Social Media ETF (SOCL) Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 01:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/buy-social-media-etf-socl-170000887.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Global X Social Media ETF SOCL has added 1.3% in the past week. While a huge crash in Facebook-parent Meta META stock (down 15.4%) has weighed on the fund (because Meta has about 13.7% weight in SOCL)...</p>\n\n<a href=\"https://finance.yahoo.com/news/buy-social-media-etf-socl-170000887.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0079474960.USD","symbol_name":"联博美国增长基金A","start_time":0,"source_url":"https://finance.yahoo.com/news/buy-social-media-etf-socl-170000887.html","article_id":"2432638879","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/E0EitdTOgkRGVL7bs7tYhA--~B/aD02MDE7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/27e6ee60dfb0ea804168aa51ed4a30d2"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432638879","pubTimestamp":1714582800,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Global X Social Media ETF SOCL has added 1.3% in the past week. While a huge crash in Facebook-parent Meta META stock  has weighed on the fund  past week, strength in other constituents – Snap SNAP, Spotify Technology S.A. SPOT and Pinterest Inc. PINS – should drive the fund in the near term.On Apr 23, 2024, the streaming giant Spotify came out with quarterly adjusted earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. Over the last four quarters, the company has surpassed consensus EPS estimates two times.Spotify recorded revenues of $3.95 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.05%. This compares to year-ago revenues of $3.26 billion. The company has topped consensus revenue estimates two times over the last four quarters. Spotify’s MAUs rose 19% year over year and 2% compared with the prior quarter.Pinterest posted revenues of $739.98 million for the ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0079474960.USD":"联博美国增长基金A","BK4588":"碎股","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","FDN":"First Trust Dow Jones Internet I","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","META":"Meta Platforms","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4587":"ChatGPT概念","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4592":"伊斯兰概念","BK4077":"互动媒体与服务","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","BK4508":"社交媒体","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4585":"ETF&股票定投概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","BK4524":"宅经济概念","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4576":"AR","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","SOCL":"社交媒体ETF-Global X","SPOT":"Spotify Technology S.A.","SNAP":"Snap Inc","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4571":"数字音乐概念","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","PINS":"Pinterest, Inc.","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4507":"流媒体概念"},"translate_title":"你现在应该购买社交媒体ETF（SOCL）吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPOT":1,"SOCL":1,"META":1,"FDN":1,"SNAP":0.9,"PINS":0.9},"content_text":"Global X Social Media ETF SOCL has added 1.3% in the past week. While a huge crash in Facebook-parent Meta META stock (down 15.4%) has weighed on the fund (because Meta has about 13.7% weight in SOCL) past week, strength in other constituents – Snap SNAP, Spotify Technology S.A. SPOT and Pinterest Inc. PINS – should drive the fund in the near term.\nSpotify Surpasses Q1 Earnings and Revenue Estimates\nOn Apr 23, 2024, the streaming giant Spotify came out with quarterly adjusted earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to loss of $1.24 per share a year ago. Over the last four quarters, the company has surpassed consensus EPS estimates two times.\nSpotify recorded revenues of $3.95 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 2.05%. This compares to year-ago revenues of $3.26 billion. The company has topped consensus revenue estimates two times over the last four quarters. Spotify’s MAUs rose 19% year over year and 2% compared with the prior quarter.\nPrudent cost management helped the company beating on earnings. Spotify went into cost-cutting mode last year, laying off more than a quarter of its headcount, according to industry tracker Layoffs.fyi. The company also reported a record quarterly profit and strong margin improvements.\nSpotify has about 7.00% weight in SOCL.\nSnap Surges Post Q1 Earnings Beat & Upbeat Guidance\nSnapchat ownerSnap shares surged as much as 25% in after-hours on Apr 25, 2024 as the company reported upbeat first-quarter results that topped analysts' estimates for earnings and revenues. Snap’s earnings, adjusted for one-time gains and costs, were 3 cents per share in the quarter, which beat Zacks Consensus Estimate of a loss of 5 cents per share. SNAP surged 33% past week.\nRevenues for Snap's first quarter increased 21% to $1.19 billion, which also surpassed the Zacks Consensus Estimate of $1.12 billion. Snap said its revenue growth was primarily driven by improvements in the company's advertising platform.\nFor its second quarter, Snap expects to report revenue between $1.23 billion and $1.26 billion, up from the $1.22 billion expected by analysts, according to StreetAccount, as quoted on CNBC. Snap said adjusted EBITDA will fall between $15 million and $45 million, compared to Wall Street’s expectations of $15.5 million.\nSnap has about 5% weight in SOCL.\nPinterest Soars Post Earnings Release\nPinterest shares gained 18% in after hours on Apr 30, 2024. The digital advertising company have started growing again after a challenging 2022, when brands tightened their belts due to soaring inflation. The stock is up 1.9% past week.\nPinterest came out with quarterly adjusted earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.08 per share a year ago.\nPinterest posted revenues of $739.98 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 5.72%. This compares to year-ago revenues of $602.58 million. The company has topped consensus revenue estimates three times over the last four quarters.\nPinterest reported 518 global monthly active users (MAUs) for the first quarter, up 12% year over year. Wall Street was expecting MAUs 504.9 million. The company’s average revenue per user was $1.46 for the period, while the analysts’ expectation was $1.40 per user, as quoted on CNBC.\nPinterest has about 8.62% weight in SOCL.\nSOCL in Focus\nThe underlying Solactive Social Media Index is designed to reflect the performance of companies involved in the social media industry, including companies that provide social networking, file sharing, and other web-based media applications. Meta (13.69% weight), Pinterest (8.62%), Spotify (7.0%) and Snap (5.1%) hold the top four spots in the fund. The fund charges 65 bps in fees.\nInvestors should note that although Meta’s recent weakness has acted as a drag on the fund, many investors can employ the \"buy-the-dip\" strategy, which can bolster SOCL’s top holding Meta. Additionally, the three other stocks mentioned above are poised to support the fund’s performance in the near term.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nGlobal X Social Media ETF (SOCL): ETF Research Reports\nSnap Inc. (SNAP) : Free Stock Analysis Report\nSpotify Technology (SPOT) : Free Stock Analysis Report\nPinterest, Inc. (PINS) : Free Stock Analysis Report\nMeta Platforms, Inc. (META) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432638879"}