Promising Music Stocks To Keep An Eye On - July 8th

Amazon.com, Apple, Alibaba Group, Spotify Technology, and Walt Disney are the five 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—this includes record labels, streaming platforms, concert promoters and music‐technology firms. By buying music stocks, investors gain exposure to industry revenues from streaming subscriptions, licensing fees, live events and merchandise sales. 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.

NASDAQ AMZN traded down $2.97 on Tuesday, reaching $220.50. 30,469,760 shares of the stock were exchanged, compared to its average volume of 41,967,496. The firm has a market capitalization of $2.34 trillion, a PE ratio of 35.91, a PEG ratio of 1.68 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company's 50-day simple moving average is $207.16 and its two-hundred day simple moving average is $208.51. Amazon.com has a one year low of $151.61 and a one year high of $242.52.

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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.

Shares of NASDAQ:AAPL traded down $0.02 during mid-day trading on Tuesday, reaching $209.93. The stock had a trading volume of 25,333,654 shares, compared to its average volume of 53,471,337. The business's 50 day moving average price is $203.34 and its 200 day moving average price is $218.13. Apple has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a market cap of $3.14 trillion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.38 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18.

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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.

Shares of NYSE BABA traded up $2.27 during midday trading on Tuesday, hitting $108.54. The company's stock had a trading volume of 8,018,107 shares, compared to its average volume of 19,935,783. The firm has a market cap of $259.00 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 0.47 and a beta of 0.22. Alibaba Group has a 12-month low of $72.95 and a 12-month high of $148.43. The business's 50 day moving average is $118.95 and its two-hundred day moving average is $114.20. 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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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.

Shares of SPOT traded down $13.16 during mid-day trading on Tuesday, hitting $723.13. The company's stock had a trading volume of 924,921 shares, compared to its average volume of 2,220,854. The firm has a market capitalization of $148.03 billion, a price-to-earnings ratio of 119.92, a PEG ratio of 1.91 and a beta of 1.68. The company's 50-day moving average is $681.30 and its 200-day moving average is $595.75. Spotify Technology has a 52-week low of $288.07 and a 52-week high of $785.00.

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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 down $0.96 on Tuesday, hitting $122.20. 3,308,248 shares of the company were exchanged, compared to its average volume of 10,005,622. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.34. Walt Disney has a 1-year low of $80.10 and a 1-year high of $124.69. The firm has a market capitalization of $219.69 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 1.81 and a beta of 1.56. The stock's 50 day moving average price is $112.53 and its 200 day moving average price is $106.38.

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