Top Music Stocks To Watch Today – August 18th

Apple, Amazon.com, Alibaba Group, Spotify Technology, and Walt Disney are the five Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are shares of publicly traded companies whose primary business centers on the creation, distribution or monetization of music—ranging from streaming platforms and record labels to live-event promoters and music-rights holders. Investors buy these equities to gain exposure to revenue streams such as digital subscriptions, licensing royalties, concert ticket sales and merchandise, with industry growth driven by streaming adoption, touring rebounds and evolving royalty?collection technologies. 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.

Apple stock traded down $0.40 during midday trading on Monday, hitting $231.20. 22,836,834 shares of the company were exchanged, compared to its average volume of 57,789,090. Apple has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The firm has a market capitalization of $3.43 trillion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. The business has a fifty day simple moving average of $209.69 and a two-hundred day simple moving average of $212.97. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

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 NASDAQ:AMZN traded down $0.19 during trading on Monday, hitting $230.84. 15,462,905 shares of the stock traded hands, compared to its average volume of 44,756,598. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $221.41 and a two-hundred day moving average price of $208.26. Amazon.com has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market cap of $2.46 trillion, a price-to-earnings ratio of 35.19, a P/E/G ratio of 1.56 and a beta of 1.31.

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.

BABA stock traded up $0.18 during midday trading on Monday, hitting $121.44. 6,022,715 shares of the stock traded hands, compared to its average volume of 21,286,033. The stock’s fifty day simple moving average is $116.23 and its 200-day simple moving average is $120.59. The firm has a market cap of $289.62 billion, a P/E ratio of 16.30, a PEG ratio of 1.78 and a beta of 0.17. Alibaba Group has a 1-year low of $79.21 and a 1-year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.55 and a quick ratio of 1.55.

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.

Shares of NYSE:SPOT traded down $3.33 during trading on Monday, reaching $729.48. 800,494 shares of the company’s stock traded hands, compared to its average volume of 2,318,602. Spotify Technology has a fifty-two week low of $319.07 and a fifty-two week high of $785.00. The company has a 50-day simple moving average of $703.27 and a 200-day simple moving average of $637.83. The firm has a market cap of $149.33 billion, a PE ratio of 176.95, a P/E/G ratio of 3.17 and a beta of 1.69.

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.

DIS stock traded up $1.36 during mid-day trading on Monday, reaching $116.75. 3,350,994 shares of the company’s stock were exchanged, compared to its average volume of 9,776,074. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.72 and a quick ratio of 0.66. Walt Disney has a 12-month low of $80.10 and a 12-month high of $124.69. The stock’s 50 day moving average is $119.33 and its 200 day moving average is $108.06. The company has a market cap of $209.91 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.67 and a beta of 1.56.