Promising Digital Media Stocks To Follow Today - July 21st

Alibaba Group, Adobe, and Rocket Companies are the three Digital Media stocks to watch today, according to MarketBeat's stock screener tool. Digital media stocks are shares of publicly traded companies whose primary business involves creating, distributing or monetizing content through digital platforms—such as streaming services, social‐media networks, online publishers and ad‐tech firms. Investors in these stocks are essentially backing the growth and monetization of digital content, advertising technology and internet‐based consumer engagement, all of which are driven by shifts in how audiences consume and interact with media. These companies had the highest dollar trading volume of any Digital Media 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.

BABA traded up $0.43 during trading hours on Monday, hitting $120.66. The company's stock had a trading volume of 10,761,584 shares, compared to its average volume of 20,180,394. Alibaba Group has a 12 month low of $73.87 and a 12 month high of $148.43. The business's 50-day moving average price is $116.76 and its 200-day moving average price is $115.86. The stock has a market cap of $287.90 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.77 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.

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Adobe (ADBE)

Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

Shares of NASDAQ ADBE traded up $0.68 during trading on Monday, hitting $366.47. 1,142,894 shares of the company were exchanged, compared to its average volume of 3,468,476. The company has a fifty day moving average price of $394.20 and a 200-day moving average price of $402.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $155.46 billion, a PE ratio of 23.44, a P/E/G ratio of 1.73 and a beta of 1.51. Adobe has a 12-month low of $332.01 and a 12-month high of $587.75.

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Rocket Companies (RKT)

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

RKT traded up $0.82 during midday trading on Monday, hitting $14.81. The company's stock had a trading volume of 11,664,704 shares, compared to its average volume of 7,251,281. The firm has a market cap of $29.61 billion, a P/E ratio of -490.17 and a beta of 2.28. The company has a current ratio of 12.62, a quick ratio of 12.62 and a debt-to-equity ratio of 1.37. The firm has a 50-day moving average price of $13.44 and a two-hundred day moving average price of $13.02. Rocket Companies has a 52-week low of $10.06 and a 52-week high of $21.38.

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