Apple, Amazon.com, Alibaba Group, Walt Disney, Spotify Technology, Western Digital, and Live Nation Entertainment are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are shares of publicly traded companies whose core business operations lie in the music industry—this includes record labels, streaming platforms, live-event promoters and music-gear manufacturers. By buying music stocks, investors gain exposure to revenue streams such as subscription fees, licensing deals, merchandise sales and concert ticket income. 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.
AAPL stock traded up $1.08 during midday trading on Friday, reaching $198.57. The stock had a trading volume of 21,204,745 shares, compared to its average volume of 55,986,600. The company has a market cap of $2.98 trillion, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. The company's fifty day simple moving average is $208.83 and its 200 day simple moving average is $227.64. Apple has a 52-week low of $169.21 and a 52-week high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.
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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.
Shares of AMZN traded up $0.73 during midday trading on Friday, reaching $192.81. The company had a trading volume of 18,438,307 shares, compared to its average volume of 41,655,908. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.05 trillion, a PE ratio of 34.87, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm has a 50 day simple moving average of $188.71 and a 200-day simple moving average of $207.77. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52.
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 NYSE:BABA traded up $0.08 during midday trading on Friday, reaching $125.87. 6,621,208 shares of the company's stock were exchanged, compared to its average volume of 20,528,966. The firm's 50 day simple moving average is $124.45 and its two-hundred day simple moving average is $105.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48. Alibaba Group has a fifty-two week low of $71.80 and a fifty-two week high of $148.43. The stock has a market cap of $300.56 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 0.61 and a beta of 0.24.
Read Our Latest Research Report on BABA
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 $0.74 during trading on Friday, reaching $105.86. The stock had a trading volume of 5,876,610 shares, compared to its average volume of 10,031,794. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market cap of $191.37 billion, a P/E ratio of 34.48, a PEG ratio of 1.80 and a beta of 1.49. Walt Disney has a fifty-two week low of $80.10 and a fifty-two week high of $118.63. The business's 50-day moving average price is $93.92 and its 200-day moving average price is $104.05.
Read Our Latest Research Report on DIS
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.
NYSE SPOT traded down $3.35 during trading on Friday, hitting $651.91. The stock had a trading volume of 745,351 shares, compared to its average volume of 2,160,650. The company has a market capitalization of $133.45 billion, a PE ratio of 109.56 and a beta of 1.72. Spotify Technology has a twelve month low of $286.21 and a twelve month high of $663.55. The firm has a 50 day moving average price of $574.12 and a 200 day moving average price of $522.09.
Read Our Latest Research Report on SPOT
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.
WDC stock traded down $0.20 during midday trading on Friday, hitting $44.10. The company's stock had a trading volume of 2,293,284 shares, compared to its average volume of 6,334,187. Western Digital has a 52-week low of $28.83 and a 52-week high of $81.55. The firm has a 50-day simple moving average of $40.13 and a 200-day simple moving average of $56.49. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $15.34 billion, a P/E ratio of 10.50 and a beta of 1.42.
Read Our Latest Research Report on WDC
Live Nation Entertainment (LYV)
Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.
NYSE:LYV traded up $1.52 during midday trading on Friday, reaching $136.21. The company had a trading volume of 570,990 shares, compared to its average volume of 2,230,321. The stock's fifty day simple moving average is $127.84 and its 200-day simple moving average is $132.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment has a 12-month low of $86.81 and a 12-month high of $157.75. The firm has a market capitalization of $31.57 billion, a price-to-earnings ratio of 50.08, a PEG ratio of 1.81 and a beta of 1.47.
Read Our Latest Research Report on LYV
Further Reading
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