Music Stocks To Watch Now – July 16th

Apple, Amazon.com, and Alibaba Group are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are shares of publicly traded companies whose core business involves creating, distributing or monetizing music—ranging from record labels and streaming platforms to concert promoters and instrument manufacturers. By buying music stocks, investors gain exposure to the industry’s revenue streams such as streaming subscriptions, licensing royalties, live-event ticket sales and equipment sales. Examples include Spotify, Universal Music Group, Live Nation Entertainment and electronic-instrument makers like Yamaha. 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 traded up $0.81 during trading hours on Wednesday, reaching $209.92. The company’s stock had a trading volume of 28,147,843 shares, compared to its average volume of 57,127,262. Apple has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The stock has a market cap of $3.14 trillion, a PE ratio of 32.71, a P/E/G ratio of 2.33 and a beta of 1.20. The business’s 50-day moving average is $203.79 and its 200-day moving average is $216.45. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78.

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.

NASDAQ AMZN traded down $3.27 on Wednesday, reaching $223.08. The stock had a trading volume of 24,243,420 shares, compared to its average volume of 42,019,624. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a fifty day moving average price of $211.52 and a two-hundred day moving average price of $208.50. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 1.69 and a beta of 1.33.

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 $1.27 during trading hours on Wednesday, hitting $115.70. The company’s stock had a trading volume of 10,577,900 shares, compared to its average volume of 20,042,400. The stock has a market capitalization of $276.06 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.48 and a beta of 0.22. The stock has a fifty day moving average of $117.18 and a 200-day moving average of $114.96. 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 52-week low of $73.87 and a 52-week high of $148.43.