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Music Stocks To Add to Your Watchlist - July 19th

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Key Points

  • Five music stocks are highlighted as worth watching: NetEase, Tencent Music Entertainment Group, Dolby Laboratories, Warner Music Group, and Madison Square Garden Entertainment. MarketBeat says these names had the highest dollar trading volume among music stocks over the past several days.
  • NetEase and Tencent Music stand out as China-linked entertainment platforms, with NetEase combining gaming, music streaming, and online learning, while Tencent Music focuses on streaming, karaoke, live streaming, and audio content.
  • Dolby Laboratories and Warner Music Group represent different parts of the music ecosystem, with Dolby licensing audio/imaging technologies for media devices and Warner monetizing recorded music and publishing through its major label network.
  • Interested in NetEase? Here are five stocks we like better.

NetEase, Tencent Music Entertainment Group, Dolby Laboratories, Warner Music Group, and Madison Square Garden Entertainment are the five Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are shares of publicly traded companies that earn revenue from the music industry, such as record labels, streaming platforms, concert promoters, music publishers, and music equipment makers. For stock market investors, the term refers to companies whose financial performance is tied to music consumption, licensing, live performances, and related entertainment trends. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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

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

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

Madison Square Garden Entertainment (MSGE)

Read Our Latest Research Report on MSGE

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Should You Invest $1,000 in NetEase Right Now?

Before you consider NetEase, you'll want to hear this.

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

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