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Music Stocks To Follow Today - July 3rd

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Apple, Amazon.com, Alibaba Group, Spotify Technology, Walt Disney, Western Digital, and Etsy are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are pre-recorded, royalty-free music tracks offered by online libraries under standardized licenses. They let creators legally incorporate background music into videos, podcasts, advertisements and other projects without negotiating individual usage rights. 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.

Shares of AAPL stock traded up $0.84 during trading on Thursday, hitting $213.28. The company's stock had a trading volume of 34,779,276 shares, compared to its average volume of 53,552,952. Apple has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a market cap of $3.19 trillion, a PE ratio of 33.22, a P/E/G ratio of 2.32 and a beta of 1.20. The business has a fifty day moving average of $203.16 and a 200-day moving average of $219.40. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

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.

Amazon.com stock traded up $3.43 during mid-day trading on Thursday, reaching $223.35. The company's stock had a trading volume of 29,404,469 shares, compared to its average volume of 41,972,679. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.37 trillion, a P/E ratio of 36.38, a PEG ratio of 1.66 and a beta of 1.33. The firm's fifty day moving average price is $205.03 and its two-hundred day moving average price is $208.83.

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.

Shares of BABA traded down $2.14 during mid-day trading on Thursday, reaching $108.58. 11,775,513 shares of the stock traded hands, compared to its average volume of 19,939,249. The company has a market cap of $259.09 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 0.49 and a beta of 0.22. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average price of $119.63 and a 200 day moving average price of $113.32. Alibaba Group has a 1 year low of $72.95 and a 1 year high of $148.43.

Read Our Latest Research Report on BABA

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.

SPOT traded up $14.48 during trading on Thursday, reaching $723.98. The stock had a trading volume of 1,076,118 shares, compared to its average volume of 2,217,224. The business has a 50-day moving average of $674.07 and a 200-day moving average of $588.49. The stock has a market cap of $148.21 billion, a PE ratio of 120.06, a PEG ratio of 1.90 and a beta of 1.68. Spotify Technology has a one year low of $288.07 and a one year high of $785.00.

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.

Shares of NYSE:DIS traded up $0.80 on Thursday, reaching $123.78. 4,240,047 shares of the company traded hands, compared to its average volume of 10,017,801. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The business's 50-day simple moving average is $110.52 and its 200 day simple moving average is $106.21. The stock has a market capitalization of $222.52 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. Walt Disney has a 52 week low of $80.10 and a 52 week high of $124.69.

Read Our Latest Research Report on DIS

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 NASDAQ WDC traded up $0.35 during mid-day trading on Thursday, hitting $66.13. 5,160,609 shares of the stock traded hands, compared to its average volume of 6,535,775. Western Digital has a 52 week low of $28.83 and a 52 week high of $80.38. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 12.52 and a beta of 1.54. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.31 and a current ratio of 1.56. The stock has a fifty day moving average price of $52.42 and a 200-day moving average price of $53.01.

Read Our Latest Research Report on WDC

Etsy (ETSY)

Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

ETSY stock traded up $1.46 during midday trading on Thursday, hitting $54.42. The company's stock had a trading volume of 4,298,036 shares, compared to its average volume of 4,295,890. Etsy has a 12 month low of $40.05 and a 12 month high of $66.81. The company has a market cap of $5.67 billion, a PE ratio of 38.87, a P/E/G ratio of 2.82 and a beta of 1.74. The firm's 50-day moving average is $51.46 and its 200-day moving average is $50.90.

Read Our Latest Research Report on ETSY

Further Reading

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