Apple, Amazon.com, Alibaba Group, Spotify Technology, Walt Disney, Western Digital, and Best Buy are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are publicly traded shares of companies whose core business involves creating, distributing or monetizing music—ranging from record labels and streaming platforms to concert promoters and music-technology firms. Investing in these stocks lets shareholders tap into revenue streams like streaming subscriptions, licensing royalties, live-event ticket sales and merchandise, making their performance sensitive to shifts in consumer tastes, licensing deals and industry innovation. 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.
NASDAQ AAPL traded up $1.16 on Friday, reaching $211.18. The company had a trading volume of 48,647,642 shares, compared to its average volume of 53,129,766. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $3.15 trillion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20. The firm's 50 day moving average price is $204.57 and its 200 day moving average price is $215.85. Apple has a 12 month low of $169.21 and a 12 month high of $260.10.
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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 NASDAQ AMZN traded up $2.25 during mid-day trading on Friday, hitting $226.13. 37,691,170 shares of the company's stock traded hands, compared to its average volume of 41,991,273. The company's 50-day moving average is $213.50 and its two-hundred day moving average is $208.67. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market capitalization of $2.40 trillion, a P/E ratio of 36.83, a PEG ratio of 1.67 and a beta of 1.33. Amazon.com has a 1 year low of $151.61 and a 1 year high of $242.52.
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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.
NYSE:BABA traded up $2.92 during mid-day trading on Friday, hitting $120.22. 26,729,940 shares of the stock traded hands, compared to its average volume of 20,165,837. The stock has a market capitalization of $286.85 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.73 and a beta of 0.21. Alibaba Group has a 52 week low of $73.87 and a 52 week high of $148.43. The firm's 50 day moving average is $116.76 and its two-hundred day moving average is $115.44. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.19.
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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.
Spotify Technology stock traded down $26.01 during trading hours on Friday, hitting $694.90. The company had a trading volume of 2,148,692 shares, compared to its average volume of 2,220,527. The firm has a market cap of $142.25 billion, a P/E ratio of 115.24, a P/E/G ratio of 1.92 and a beta of 1.68. Spotify Technology has a 1 year low of $290.13 and a 1 year high of $785.00. The company has a 50-day moving average price of $696.06 and a two-hundred day moving average price of $609.71.
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.
Shares of DIS traded down $0.85 during mid-day trading on Friday, hitting $121.36. The company's stock had a trading volume of 9,472,100 shares, compared to its average volume of 10,005,428. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $218.17 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.79 and a beta of 1.56. The company's 50-day moving average is $117.00 and its 200-day moving average is $107.00. Walt Disney has a 52-week low of $80.10 and a 52-week high of $124.69.
Read Our Latest Research Report on DIS
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.
Shares of NASDAQ WDC traded up $0.98 during trading hours on Friday, hitting $68.00. 4,275,135 shares of the stock were exchanged, compared to its average volume of 6,585,055. The company has a quick ratio of 1.31, a current ratio of 1.56 and a debt-to-equity ratio of 0.95. Western Digital has a 12 month low of $28.83 and a 12 month high of $74.37. The company has a market cap of $23.72 billion, a PE ratio of 12.88 and a beta of 1.54. The firm has a fifty day moving average price of $57.94 and a 200-day moving average price of $53.37.
Read Our Latest Research Report on WDC
Best Buy (BBY)
Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.
Best Buy stock traded down $0.16 during mid-day trading on Friday, reaching $67.51. 3,540,238 shares of the company traded hands, compared to its average volume of 3,350,351. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 0.32. Best Buy has a fifty-two week low of $54.99 and a fifty-two week high of $103.71. The company has a market capitalization of $14.27 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.79 and a beta of 1.24. The firm's fifty day moving average is $70.41 and its two-hundred day moving average is $74.55.
Read Our Latest Research Report on BBY
See Also
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