Best Streaming Stocks To Research - July 29th

Key Points

• NVIDIA, Spotify, and AppLovin are among the top streaming stocks to watch, reflecting the growing demand for on-demand digital content despite high acquisition costs and intense competition.
• NVIDIA's stock traded down to $175.66, with a market cap of $4.29 trillion and potential growth in the gaming and metaverse sectors.
• Spotify's stock reached $621.63, showcasing its dominance in audio streaming subscriptions, while AppLovin grew its platform for enhancing advertising and monetization.

NVIDIA, Spotify Technology, AppLovin, Comcast, Warner Bros. Discovery, Trade Desk, and Western Digital are the seven Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of publicly traded companies whose main business is delivering digital content—such as video, music or live gaming—over the internet on a subscription or ad-supported basis. Investors buy these stocks to tap into the growth of on-demand streaming, though such firms often carry high content acquisition costs and face intense competition. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

NASDAQ NVDA traded down $1.09 during trading on Tuesday, reaching $175.66. The company's stock had a trading volume of 126,087,037 shares, compared to its average volume of 249,644,000. The stock has a market capitalization of $4.29 trillion, a PE ratio of 56.69, a P/E/G ratio of 1.53 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.39 and a quick ratio of 2.96. The firm has a fifty day moving average of $151.77 and a 200 day moving average of $131.09. NVIDIA has a one year low of $86.62 and a one year high of $179.38.

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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.

NYSE SPOT traded down $79.35 during trading on Tuesday, reaching $621.63. The company's stock had a trading volume of 10,310,215 shares, compared to its average volume of 2,297,762. The stock has a market capitalization of $127.25 billion, a PE ratio of 103.11, a P/E/G ratio of 1.87 and a beta of 1.68. The firm has a fifty day moving average of $702.10 and a 200 day moving average of $621.08. Spotify Technology has a one year low of $300.57 and a one year high of $785.00.

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AppLovin (APP)

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.

NASDAQ APP traded down $9.06 during trading on Tuesday, reaching $361.90. The company's stock had a trading volume of 2,674,549 shares, compared to its average volume of 7,134,267. The stock has a market capitalization of $122.46 billion, a PE ratio of 65.29, a P/E/G ratio of 2.17 and a beta of 2.42. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a fifty day moving average of $362.10 and a 200 day moving average of $336.25. AppLovin has a one year low of $60.67 and a one year high of $525.15.

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Comcast (CMCSA)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

CMCSA stock traded down $0.82 during mid-day trading on Tuesday, hitting $32.72. 21,939,604 shares of the stock were exchanged, compared to its average volume of 24,267,338. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day moving average price of $34.97 and a 200 day moving average price of $35.20. Comcast has a 12 month low of $31.44 and a 12 month high of $45.31. The stock has a market capitalization of $122.15 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.63 and a beta of 0.95.

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Warner Bros. Discovery (WBD)

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.

WBD stock traded down $0.59 during mid-day trading on Tuesday, hitting $13.12. 52,404,901 shares of the stock were exchanged, compared to its average volume of 46,441,453. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $10.94 and a 200 day moving average price of $10.15. Warner Bros. Discovery has a 12 month low of $6.64 and a 12 month high of $13.86. The stock has a market capitalization of $32.19 billion, a price-to-earnings ratio of -2.98 and a beta of 1.54.

Read Our Latest Research Report on WBD

Trade Desk (TTD)

The Trade Desk, Inc. operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.

TTD stock traded down $4.20 during mid-day trading on Tuesday, hitting $84.26. 8,130,054 shares of the stock were exchanged, compared to its average volume of 10,148,209. The business has a fifty day moving average price of $74.74 and a 200 day moving average price of $75.04. Trade Desk has a 12 month low of $42.96 and a 12 month high of $141.53. The stock has a market capitalization of $41.41 billion, a price-to-earnings ratio of 102.72, a PEG ratio of 3.92 and a beta of 1.36.

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Western Digital (WDC)

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.

Shares of WDC stock traded up $1.76 on Tuesday, hitting $70.75. 6,360,776 shares of the company's stock traded hands, compared to its average volume of 7,906,476. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.31 and a current ratio of 1.56. Western Digital has a one year low of $28.83 and a one year high of $71.31. The company's fifty day simple moving average is $60.27 and its 200 day simple moving average is $53.45. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 13.41 and a beta of 1.54.

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