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Music Stocks To Follow Now - August 24th

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Key Points

  • Apple, Amazon.com, and Alibaba Group are the top music stocks to watch currently, highlighting their involvement in the music industry through various revenue streams such as streaming subscriptions and live events.
  • Apple Inc. is expanding its footprint with a notable $100 billion U.S. investment plan that includes partnerships with Broadcom.
  • Amazon continues to diversify with its extensive consumer product retail and subscription services, alongside content development, which strengthens its position in the music and entertainment sectors.
  • Want stock alerts on Apple? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Apple, Amazon.com, and Alibaba Group are the three Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are shares of publicly traded companies whose core business involves the creation, distribution or monetization of music. This category encompasses record labels, music streaming services, concert promoters, music publishers and audio-equipment manufacturers. By buying music stocks, investors gain exposure to industry revenues from streaming subscriptions, rights licensing, live events and related merchandise. 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

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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