Top Music Stocks To Watch Now – February 08th

Amazon.com, Apple, Alibaba Group, Spotify Technology, Walt Disney, Live Nation Entertainment, and Western Digital are the seven Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks refer to publicly traded companies that are involved in the music industry, such as record labels, streaming services, musical instrument manufacturers, or concert promoters. These stocks can fluctuate in value based on industry trends, artist popularity, and changes in consumer behavior related to music consumption. Investors may choose to invest in music stocks to potentially benefit from the growth and success of the industry. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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 $9.68 during midday trading on Friday, hitting $229.15. 77,420,680 shares of the company’s stock were exchanged, compared to its average volume of 33,645,924. The business’s fifty day moving average price is $226.93 and its two-hundred day moving average price is $200.62. The company has a market cap of $2.41 trillion, a price-to-earnings ratio of 41.44, a PEG ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52.

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.

NASDAQ AAPL traded down $5.59 on Friday, reaching $227.63. 39,626,060 shares of the company’s stock traded hands, compared to its average volume of 58,424,872. The stock has a 50-day simple moving average of $241.26 and a 200 day simple moving average of $231.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple has a 12 month low of $164.07 and a 12 month high of $260.10. The stock has a market cap of $3.42 trillion, a PE ratio of 36.13, a P/E/G ratio of 2.32 and a beta of 1.20.

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.

Alibaba Group stock traded up $3.33 during trading hours on Friday, reaching $103.71. The company had a trading volume of 39,472,659 shares, compared to its average volume of 21,722,708. The firm has a market cap of $246.69 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 0.42 and a beta of 0.31. Alibaba Group has a 12-month low of $68.36 and a 12-month high of $117.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50-day moving average price of $88.04 and a 200 day moving average price of $89.60.

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.

SPOT traded down $2.33 during trading on Friday, hitting $623.54. 2,317,533 shares of the stock traded hands, compared to its average volume of 2,176,745. The firm has a 50-day moving average of $493.96 and a 200 day moving average of $414.66. Spotify Technology has a 12-month low of $228.07 and a 12-month high of $632.45. The firm has a market capitalization of $124.12 billion, a P/E ratio of 104.80 and a beta of 1.63.

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.

Shares of NYSE DIS traded down $1.26 during trading hours on Friday, hitting $110.83. The company’s stock had a trading volume of 8,665,849 shares, compared to its average volume of 8,609,331. The business has a 50-day simple moving average of $111.87 and a 200-day simple moving average of $101.14. The stock has a market cap of $200.36 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68. Walt Disney has a 12 month low of $83.91 and a 12 month high of $123.74.

Live Nation Entertainment (LYV)

Live Nation Entertainment, Inc. operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.

Shares of LYV traded down $1.61 during mid-day trading on Friday, hitting $148.38. 2,540,495 shares of the company’s stock traded hands, compared to its average volume of 1,732,927. The firm has a market capitalization of $34.48 billion, a P/E ratio of 157.85, a PEG ratio of 1.73 and a beta of 1.38. The business’s 50-day moving average price is $136.12 and its 200-day moving average price is $118.26. Live Nation Entertainment has a 1 year low of $86.81 and a 1 year high of $152.11. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10.

Western Digital (WDC)

Western Digital Corporation develops, manufactures, and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, rest of Asia, and internationally. It offers client devices, including hard disk drives (HDDs) and solid state drives (SSDs) for desktop and notebook personal computers (PCs), gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones, tablets, notebook PCs, and other portable and wearable devices, as well as automotive, Internet of Things, industrial, and connected home applications.

Shares of NASDAQ WDC traded down $0.02 during midday trading on Friday, hitting $64.46. 3,817,372 shares of the company traded hands, compared to its average volume of 6,516,352. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. Western Digital has a 12-month low of $52.77 and a 12-month high of $81.55. The stock has a 50-day moving average price of $64.94 and a 200 day moving average price of $65.24. The firm has a market cap of $22.42 billion, a P/E ratio of 15.35 and a beta of 1.44.