Top Music Stocks To Watch Now - May 6th

Apple, Amazon.com, and Alibaba Group are the three Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks (often called stock or production music) are pre-recorded compositions and instrumental tracks that have been pre-cleared for licensing in film, television, advertising and online media. Rather than commissioning a custom score, producers can browse a library of these ready-made pieces and pay a one-time or subscription fee to use them royalty-free or under rights-managed terms. This approach offers an affordable, time-efficient alternative to hiring composers for bespoke music. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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.

AAPL stock traded up $0.34 during trading on Tuesday, reaching $199.23. The stock had a trading volume of 31,371,459 shares, compared to its average volume of 56,147,393. The stock's 50 day moving average is $211.32 and its two-hundred day moving average is $228.33. Apple has a 52 week low of $169.21 and a 52 week high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market cap of $2.99 trillion, a PE ratio of 31.62, a PEG ratio of 2.44 and a beta of 1.27.

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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.

Shares of AMZN traded down $0.56 during mid-day trading on Tuesday, reaching $185.79. The stock had a trading volume of 16,654,942 shares, compared to its average volume of 41,572,498. The business has a fifty day moving average of $189.92 and a 200 day moving average of $208.04. Amazon.com has a 12 month low of $151.61 and a 12 month high of $242.52. The firm has a market cap of $1.97 trillion, a price-to-earnings ratio of 33.53, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

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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 $1.23 during midday trading on Tuesday, reaching $127.80. 12,990,568 shares of the company were exchanged, compared to its average volume of 20,528,907. The business's fifty day moving average is $124.91 and its two-hundred day moving average is $105.53. Alibaba Group has a one year low of $71.80 and a one year high of $148.43. The stock has a market cap of $305.16 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19.

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