Promising Streaming Stocks To Follow Now - June 4th

NVIDIA, AppLovin, Spotify Technology, Walt Disney, Live Nation Entertainment, Comcast, and Warner Bros. Discovery are the seven Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of companies that provide upfront financing to mining operations in exchange for the right to purchase a fixed portion of future metal production (or its value) at predetermined, discounted prices. In effect, these “streamers” earn royalty-like revenues on mined metals without bearing the day-to-day costs and risks of running the mines themselves. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

NVIDIA (NVDA)

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

Shares of NVIDIA stock traded up $0.44 on Wednesday, hitting $141.66. 125,752,841 shares of the company's stock traded hands, compared to its average volume of 282,692,693. NVIDIA has a one year low of $86.62 and a one year high of $195.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.10 and a quick ratio of 3.64. The stock has a market capitalization of $3.46 trillion, a PE ratio of 55.75, a price-to-earnings-growth ratio of 1.76 and a beta of 2.12. The firm's 50-day moving average price is $116.54 and its two-hundred day moving average price is $126.31.

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AppLovin (APP)

AppLovin Corporation engages in building a software-based platform for advertisers to enhance the marketing and monetization of their content in the United States and internationally. It operates through two segments, Software Platform and Apps. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; MAX, an in-app bidding software that optimizes the value of a publisher's advertising inventory by running a real-time competitive auction; Adjust, a measurement and analytics marketing platform that provides marketers with the visibility, insights, and tools needed to grow their apps from early stage to maturity; and Wurl, a connected TV platform, which distributes streaming video for content companies and provides advertising and publishing solutions through its AdPool, ContentDiscovery, and Global FAST Pass products.

NASDAQ APP traded up $16.64 on Wednesday, reaching $415.15. The company had a trading volume of 3,600,013 shares, compared to its average volume of 6,083,531. AppLovin has a 52 week low of $60.67 and a 52 week high of $525.15. The stock's 50 day moving average is $302.59 and its 200-day moving average is $330.23. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 3.70. The stock has a market cap of $140.48 billion, a price-to-earnings ratio of 91.44, a PEG ratio of 3.02 and a beta of 2.39.

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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.

SPOT traded up $35.47 during midday trading on Wednesday, reaching $706.54. 1,912,400 shares of the company were exchanged, compared to its average volume of 2,221,938. The stock has a market capitalization of $144.63 billion, a P/E ratio of 118.75 and a beta of 1.72. Spotify Technology has a one year low of $288.07 and a one year high of $707.48. The stock's 50-day simple moving average is $603.63 and its 200 day simple moving average is $553.77.

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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.

Walt Disney stock traded up $0.14 during midday trading on Wednesday, hitting $113.74. 3,597,343 shares of the stock were exchanged, compared to its average volume of 10,024,405. Walt Disney has a 52 week low of $80.10 and a 52 week high of $118.63. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $204.48 billion, a PE ratio of 37.05, a P/E/G ratio of 1.80 and a beta of 1.49. The company has a fifty day simple moving average of $97.56 and a two-hundred day simple moving average of $105.70.

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Live Nation Entertainment (LYV)

Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

Shares of NYSE LYV traded up $3.62 during midday trading on Wednesday, reaching $140.26. 1,871,759 shares of the stock were exchanged, compared to its average volume of 2,290,310. Live Nation Entertainment has a 12 month low of $86.81 and a 12 month high of $157.75. The company has a market capitalization of $32.51 billion, a price-to-earnings ratio of 51.57, a P/E/G ratio of 1.81 and a beta of 1.44. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50-day simple moving average of $133.99 and a two-hundred day simple moving average of $135.54.

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Comcast (CMCSA)

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.

CMCSA stock traded up $0.01 during midday trading on Wednesday, hitting $34.67. 6,959,015 shares of the company's stock were exchanged, compared to its average volume of 21,965,126. Comcast has a one year low of $31.44 and a one year high of $45.31. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market cap of $129.45 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.78 and a beta of 0.97. The stock's fifty day moving average price is $34.53 and its 200-day moving average price is $36.55.

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Warner Bros. Discovery (WBD)

Warner Bros. Discovery, Inc. operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.

Shares of NASDAQ WBD traded down $0.09 during mid-day trading on Wednesday, reaching $9.85. 24,038,121 shares of the company's stock were exchanged, compared to its average volume of 33,485,803. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $24.18 billion, a price-to-earnings ratio of -2.15, a PEG ratio of 8.64 and a beta of 1.46. The business has a fifty day simple moving average of $8.90 and a 200 day simple moving average of $9.94.

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