Music Stocks Worth Watching - June 19th

Amazon.com, Apple, 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 operating in the music industry—think record labels, streaming services, music publishers and related technology providers. By buying these stocks, investors gain exposure to revenues from music sales, streaming royalties, licensing fees and live‐event income, with their performance tied to trends in consumer listening habits and shifts in the industry’s business models. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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.

AMZN stock traded down $2.30 during mid-day trading on Thursday, hitting $212.52. The company had a trading volume of 44,246,577 shares, compared to its average volume of 42,160,587. The firm has a market cap of $2.26 trillion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 1.63 and a beta of 1.33. 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 stock's fifty day moving average price is $197.28 and its two-hundred day moving average price is $209.32.

Read Our Latest Research Report on AMZN

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.

AAPL stock traded up $0.94 during mid-day trading on Thursday, hitting $196.58. The company had a trading volume of 45,342,877 shares, compared to its average volume of 54,338,522. The firm has a market cap of $2.94 trillion, a PE ratio of 30.62, a price-to-earnings-growth ratio of 2.18 and a beta of 1.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. Apple has a 12 month low of $169.21 and a 12 month high of $260.10. The stock's fifty day moving average price is $202.17 and its two-hundred day moving average price is $222.30.

Read Our Latest Research Report on AAPL

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.

BABA stock traded down $1.65 during mid-day trading on Thursday, hitting $113.38. The company had a trading volume of 13,953,384 shares, compared to its average volume of 19,969,197. The firm has a market cap of $270.44 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.55. Alibaba Group has a 12 month low of $71.80 and a 12 month high of $148.43. The stock's fifty day moving average price is $119.05 and its two-hundred day moving average price is $111.51.

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