Free Trial

Top Music Stocks To Follow Now - April 24th

NetEase logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • NetEase (NTES), Tencent Music (TME), and Madison Square Garden Entertainment (MSGE) are MarketBeat's three music stocks to watch today, selected because they had the highest dollar trading volume among music-sector names recently and offer exposure to royalties, subscriptions and ticket sales.
  • NetEase and Tencent Music are highlighted for their streaming and audio ecosystems—NetEase via Cloud Music plus games and online services, and Tencent Music via QQ Music, Kugou, Kuwo and WeSing with streaming, podcasts and live/karaoke features.
  • Madison Square Garden Entertainment represents the live-events/ticket-revenue play in the group, and MarketBeat provides linked research reports for each ticker for investors seeking more detail.
  • Five stocks we like better than NetEase.

NetEase, Tencent Music Entertainment Group, and Madison Square Garden Entertainment are the three Music stocks to watch today, according to MarketBeat's stock screener tool. "Music stocks" are shares of publicly traded companies whose primary business is in the music industry—such as record labels, music publishers, streaming platforms, concert promoters, and audio-equipment manufacturers—or firms that derive significant revenue from music rights and services. Investors buy music stocks to gain exposure to music-related revenue streams (royalties, subscriptions, ticket sales, licensing) and typically evaluate factors like catalog value, user growth, intellectual property holdings, and sensitivity to changing consumer tastes and technology. These companies had the highest dollar trading volume of any Music stocks within the last several days.

NetEase (NTES)

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

Read Our Latest Research Report on NTES

Tencent Music Entertainment Group (TME)

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.

Read Our Latest Research Report on TME

Madison Square Garden Entertainment (MSGE)

Read Our Latest Research Report on MSGE

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NetEase Right Now?

Before you consider NetEase, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NetEase wasn't on the list.

While NetEase currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

5G Stocks: The Path Forward is Profitable Cover

Click the link to see MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines