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Top Digital Media Stocks Worth Watching - July 29th

Alibaba Group logo with Retail/Wholesale background

Key Points

  • Digital Media Stocks: Alibaba Group, Adobe, Rocket Companies, Digital Realty Trust, Sunrun, Nexstar Media Group, and BCE are highlighted as key digital media stocks to watch, reflecting significant trading volumes recently.
  • Market Performance: Alibaba's shares are currently valued at $119.88, Adobe's at $375.39, Rocket Companies at $15.13, and Digital Realty Trust at $177.42, showcasing varied performance among these stocks.
  • Growth Prospects: Companies like Alibaba and Adobe are focusing on expanding their services and infrastructure, with Alibaba increasing its data centers across Asia, indicating potential for future growth.
  • Five stocks to consider instead of Alibaba Group.
  • Limited Time Offer: Unlock powerful research tools, advanced financial data, and expert insights to help you invest with confidence. Save 50% when you upgrade to MarketBeat All Access during the month of July. Claim your discount here.

Alibaba Group, Adobe, Rocket Companies, Digital Realty Trust, Sunrun, Nexstar Media Group, and BCE are the seven Digital Media stocks to watch today, according to MarketBeat's stock screener tool. Digital media stocks are shares of publicly traded companies that create, distribute or monetize content via digital channels like streaming platforms, social networks and online publishers. These firms typically earn revenue through digital advertising, subscription fees and licensing deals. Investors often favor digital media stocks to tap into the rapid growth of online entertainment, information and marketing. These companies had the highest dollar trading volume of any Digital Media stocks within the last several days.

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 down $2.28 during midday trading on Tuesday, hitting $119.88. The company had a trading volume of 6,484,647 shares, compared to its average volume of 22,212,637. Alibaba Group has a fifty-two week low of $73.87 and a fifty-two 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 stock has a market cap of $285.94 billion, a price-to-earnings ratio of 16.07, a P/E/G ratio of 1.77 and a beta of 0.22. The firm has a fifty day simple moving average of $115.94 and a two-hundred day simple moving average of $117.42.

Read Our Latest Research Report on BABA

Adobe (ADBE)

Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.

Shares of ADBE traded up $5.92 on Tuesday, reaching $375.39. 1,773,822 shares of the stock traded hands, compared to its average volume of 3,752,226. The firm has a market cap of $159.24 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 1.76 and a beta of 1.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.99 and a quick ratio of 0.99. The stock's 50-day moving average price is $389.99 and its 200-day moving average price is $400.32. Adobe has a 12 month low of $332.01 and a 12 month high of $587.75.

Read Our Latest Research Report on ADBE

Rocket Companies (RKT)

Rocket Companies, Inc., a fintech holding company, provides mortgage lending, title and settlement services, and other financial technology services in the United States and Canada. It operates through two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, a mortgage lender; Amrock that provides title insurance, property valuation, and settlement services; Rocket Homes, a home search platform and real estate agent referral network, which offers technology-enabled services to support the home buying and selling experience; and Rocket Loans, an online-based personal loans business.

NYSE:RKT traded up $0.09 during mid-day trading on Tuesday, hitting $15.13. The company's stock had a trading volume of 9,964,055 shares, compared to its average volume of 11,463,372. Rocket Companies has a fifty-two week low of $10.06 and a fifty-two week high of $21.38. The company has a current ratio of 12.62, a quick ratio of 12.62 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average of $13.77 and a 200-day moving average of $13.22. The company has a market capitalization of $30.25 billion, a price-to-earnings ratio of -504.17 and a beta of 2.28.

Read Our Latest Research Report on RKT

Digital Realty Trust (DLR)

Digital Realty Trust, Inc. operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

Digital Realty Trust stock traded up $1.70 during mid-day trading on Tuesday, hitting $177.42. 562,699 shares of the company were exchanged, compared to its average volume of 2,162,626. Digital Realty Trust has a 1-year low of $129.95 and a 1-year high of $198.00. The company has a market capitalization of $59.75 billion, a PE ratio of 46.56, a price-to-earnings-growth ratio of 2.62 and a beta of 0.95. The business has a fifty day moving average of $173.72 and a 200 day moving average of $163.81. The company has a quick ratio of 1.92, a current ratio of 2.22 and a debt-to-equity ratio of 0.82.

Read Our Latest Research Report on DLR

Sunrun (RUN)

Sunrun Inc. designs, develops, installs, sells, owns, and maintains residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.

Shares of NASDAQ:RUN traded down $0.26 during trading on Tuesday, reaching $10.89. The stock had a trading volume of 5,200,213 shares, compared to its average volume of 16,897,979. The business's 50-day moving average price is $8.83 and its 200 day moving average price is $8.22. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.32 and a quick ratio of 0.99. Sunrun has a 52 week low of $5.38 and a 52 week high of $22.26. The stock has a market capitalization of $2.49 billion, a PE ratio of -0.90 and a beta of 2.60.

Read Our Latest Research Report on RUN

Nexstar Media Group (NXST)

Nexstar Media Group, Inc. operates as a diversified media company that produces and distributes engaging local and national news, sports and entertainment content across the television and digital platforms in the United States. It owns, operates, programs, or provides sales and other services to various markets; and offers television programming services.

Shares of NASDAQ NXST traded down $2.05 during trading on Tuesday, reaching $189.41. The company had a trading volume of 80,284 shares, compared to its average volume of 421,828. The business's 50 day moving average price is $175.67 and its 200-day moving average price is $165.60. Nexstar Media Group has a 52 week low of $141.66 and a 52 week high of $192.36. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market cap of $5.78 billion, a PE ratio of 9.60, a PEG ratio of 1.39 and a beta of 1.04.

Read Our Latest Research Report on NXST

BCE (BCE)

BCE Inc., a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.

Shares of BCE traded down $0.15 during trading hours on Tuesday, hitting $23.69. 528,146 shares of the stock traded hands, compared to its average volume of 3,290,092. The business has a fifty day moving average of $22.66 and a 200-day moving average of $22.77. The firm has a market capitalization of $22.09 billion, a PE ratio of 91.10, a price-to-earnings-growth ratio of 3.98 and a beta of 0.61. BCE has a 1-year low of $20.28 and a 1-year high of $36.17. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 2.40.

Read Our Latest Research Report on BCE

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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