Promising Music Stocks Worth Watching - July 15th

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 that produce, distribute or monetize music—ranging from record labels and streaming platforms to music publishers, instrument manufacturers and concert promoters. Buying these stocks gives investors exposure to the industry’s revenue streams, including streaming subscriptions, licensing fees, physical and digital sales, and live-event earnings. 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.

AMZN stock traded up $1.20 during trading hours on Tuesday, hitting $226.89. 21,549,841 shares of the stock traded hands, compared to its average volume of 42,031,556. Amazon.com has a one year low of $151.61 and a one year high of $242.52. 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 has a market cap of $2.41 trillion, a P/E ratio of 36.95, a P/E/G ratio of 1.69 and a beta of 1.33. The stock has a 50-day simple moving average of $210.69 and a 200 day simple moving average of $208.38.

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.

Shares of NASDAQ:AAPL traded up $2.74 during midday trading on Tuesday, reaching $211.36. The company had a trading volume of 22,717,179 shares, compared to its average volume of 53,172,861. The company has a fifty day simple moving average of $203.58 and a two-hundred day simple moving average of $216.50. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. Apple has a 1-year low of $169.21 and a 1-year high of $260.10.

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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 $8.67 on Tuesday, reaching $116.89. The stock had a trading volume of 24,832,495 shares, compared to its average volume of 20,015,378. The company has a market capitalization of $278.89 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.49 and a beta of 0.22. The business has a 50 day moving average price of $117.39 and a 200 day moving average price of $114.94. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.19. Alibaba Group has a 1 year low of $73.87 and a 1 year high of $148.43.

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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 $14.51 during trading hours on Tuesday, reaching $702.98. 1,132,322 shares of the company were exchanged, compared to its average volume of 2,214,047. The stock has a 50-day moving average of $691.37 and a 200 day moving average of $604.73. The firm has a market cap of $143.91 billion, a price-to-earnings ratio of 116.57, a PEG ratio of 1.88 and a beta of 1.68. Spotify Technology has a 12 month low of $288.07 and a 12 month high of $785.00.

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.

Walt Disney stock traded down $0.51 on Tuesday, hitting $119.46. The company's stock had a trading volume of 4,316,931 shares, compared to its average volume of 9,986,853. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $115.46 and a 200-day moving average price of $106.68. The firm has a market cap of $214.76 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. Walt Disney has a one year low of $80.10 and a one year high of $124.69.

Read Our Latest Research Report on DIS

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