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Top Music Stocks To Follow Now - September 16th

Madison Square Garden Entertainment logo with Communication Services background
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Key Points

  • MarketBeat’s screener identified five music-related stocks with the highest recent dollar trading volume: Madison Square Garden Entertainment, NetEase, Warner Music Group, Tencent Music Entertainment Group, and Dolby Laboratories.
  • The companies provide varied exposure to the music and entertainment industry, including concert promotion, music streaming, recorded music and publishing, online karaoke, gaming, and audio-imaging technology.
  • Investors gain exposure to music-consumption and entertainment trends but face risks including changing consumer preferences, royalty costs, and industry disruption.
  • Interested in Madison Square Garden Entertainment? Here are five stocks we like better.

Madison Square Garden Entertainment, NetEase, Warner Music Group, Tencent Music Entertainment Group, and Dolby Laboratories are the five Music stocks to watch today, according to MarketBeat's stock screener tool. **Music stocks** are shares of publicly traded companies involved in the music industry, such as record labels, music-streaming platforms, concert promoters, ticketing companies, and instrument manufacturers. Investors may buy these stocks to gain exposure to trends in music consumption and entertainment, while facing risks such as changing consumer preferences, royalty costs, and industry disruption. These companies had the highest dollar trading volume of any Music stocks within the last several days.

Madison Square Garden Entertainment (MSGE)

Read Our Latest Research Report on MSGE

NetEase (NTES)

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

Read Our Latest Research Report on NTES

Warner Music Group (WMG)

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.

Read Our Latest Research Report on WMG

Tencent Music Entertainment Group (TME)

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.

Read Our Latest Research Report on TME

Dolby Laboratories (DLB)

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.

Read Our Latest Research Report on DLB

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Should You Invest $1,000 in Madison Square Garden Entertainment Right Now?

Before you consider Madison Square Garden Entertainment, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Madison Square Garden Entertainment wasn't on the list.

While Madison Square Garden Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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