Promising Music Stocks To Add to Your Watchlist - July 12th

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 within the music industry—this can include record labels, streaming platforms, music publishers and even concert promoters. By buying music stocks, investors gain exposure to revenues from streaming subscriptions, digital downloads, live performances and royalty payments. Their value typically rises and falls with trends in music consumption, technological innovation and shifts in consumer spending on entertainment. 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.

Shares of NASDAQ AMZN traded up $2.76 during mid-day trading on Friday, hitting $225.02. The stock had a trading volume of 50,481,094 shares, compared to its average volume of 42,089,069. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The company has a 50 day moving average of $209.90 and a two-hundred day moving average of $208.63. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The firm has a market cap of $2.39 trillion, a PE ratio of 36.65, a PEG ratio of 1.67 and a beta of 1.33.

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.

NASDAQ:AAPL traded down $1.25 during mid-day trading on Friday, hitting $211.16. The company's stock had a trading volume of 39,713,698 shares, compared to its average volume of 53,348,025. Apple has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market cap of $3.15 trillion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.38 and a beta of 1.20. The business's fifty day moving average is $203.39 and its two-hundred day moving average is $217.41.

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.

Shares of BABA stock traded up $0.08 during mid-day trading on Friday, hitting $106.72. 10,755,903 shares of the stock were exchanged, compared to its average volume of 19,997,331. Alibaba Group has a 52-week low of $73.87 and a 52-week high of $148.43. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $117.76 and a 200 day moving average of $114.38. The company has a market cap of $254.66 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 0.46 and a beta of 0.21.

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