Best Music Stocks To Add to Your Watchlist - August 28th

Key Points

• The five key music stocks recommended to watch are Apple, Amazon.com, Alibaba Group, Spotify Technology, and Best Buy, based on their recent trading volumes.
• These companies offer various music licensing options, providing content creators with ready-made music solutions for media projects without the need for complicated negotiations.
• Apple, Amazon, and Spotify, among others, play significant roles in the multimedia market, engaging in diverse segments from electronics to subscription services.

Apple, Amazon.com, Alibaba Group, Spotify Technology, and Best Buy are the five Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks (also called stock or production music) are pre-composed, pre-cleared tracks that music libraries offer for licensing under royalty-free or rights-managed agreements. Content creators, advertisers, filmmakers and game developers can browse these catalogs and acquire a license to use the music without negotiating individual rights. By providing ready-made, affordable background scores, music stocks streamline the process of legally adding music to any media project. These companies had the highest dollar trading volume of any Music stocks within the last several days.

Apple (AAPL)

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Read Our Latest Research Report on AAPL

Amazon.com (AMZN)

Amazon.com, Inc. engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.

Read Our Latest Research Report on AMZN

Alibaba Group (BABA)

Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People's Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others.

Read Our Latest Research Report on BABA

Spotify Technology (SPOT)

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.

Read Our Latest Research Report on SPOT

Best Buy (BBY)

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.

Read Our Latest Research Report on BBY

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