Best Music Stocks To Add to Your Watchlist - August 31st

Key Points

• MarketBeat identifies five key music stocks to watch: Alibaba Group, Apple, Amazon.com, Spotify Technology, and Walt Disney, which have showcased significant trading volume recently.
• These music stocks represent companies engaged in various aspects of the music industry, including streaming, production, and distribution, reflecting the industry's dynamic nature driven by consumer habits and technological advancements.
• Investors can gain exposure to music industry revenues through music stocks, benefiting from trends in album sales, streaming subscriptions, and live performances.

Alibaba Group, Apple, Amazon.com, Spotify Technology, and Walt Disney are the five Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are shares of publicly traded companies whose primary business involves the creation, production, distribution or monetization of music—such as record labels, streaming services, concert promoters and music publishers. By buying music stocks, investors gain exposure to industry revenues from album and track sales, streaming subscriptions, live performances and licensing deals. The value of these stocks typically fluctuates with changes in consumer listening habits, technological innovations and the success of signed artists. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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

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

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

Walt Disney (DIS)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Read Our Latest Research Report on DIS

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