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Music Stocks To Watch Now - August 29th

Alibaba Group logo with Retail/Wholesale background

Key Points

  • Top music stocks to monitor include Alibaba Group, Apple, Amazon.com, Spotify Technology, and Walt Disney, all noted for high trading volumes recently.
  • Alibaba operates various segments including Cloud and Digital Media, focusing on technology infrastructure to help businesses engage users.
  • Spotify Technology distinguishes itself with a subscription model offering unlimited access to music and podcasts, enhancing its market presence in audio streaming.
  • Want stock alerts on Alibaba Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Alibaba Group, Apple, Amazon.com, Spotify Technology, and Walt Disney are the five Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are collections of pre-recorded songs, instrumentals and sound effects curated by production music or library music companies for licensing. Offered either royalty-free or rights-managed, these ready-made tracks let filmmakers, advertisers, podcasters and other content creators legally add professional-quality music to their projects without negotiating individual copyright agreements. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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

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

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.

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.

Read Our Latest Research Report on DIS

Further Reading

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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