Music Stocks Worth Watching – February 05th

Amazon.com, Apple, Spotify Technology, Walt Disney, Alibaba Group, Live Nation Entertainment, and Synchrony Financial are the seven Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks refer to publically traded companies that are involved in various aspects of the music industry, such as music streaming, record labels, concert promotion, and musical instrument manufacturing. Investors can buy shares of these companies on the stock market in order to potentially profit from the success and growth of the music business. 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.

AMZN stock traded down $5.46 during mid-day trading on Wednesday, hitting $236.60. 24,140,250 shares of the stock were exchanged, compared to its average volume of 32,270,076. The stock has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 50.70, a PEG ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com has a 12 month low of $151.61 and a 12 month high of $242.52. The business has a fifty day moving average price of $225.24 and a 200 day moving average price of $199.78.

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 $1.85 during trading on Wednesday, hitting $230.95. 19,486,816 shares of the company’s stock traded hands, compared to its average volume of 58,120,121. The stock has a fifty day moving average of $241.54 and a two-hundred day moving average of $230.95. Apple has a 12-month low of $164.07 and a 12-month high of $260.10. The firm has a market cap of $3.47 trillion, a P/E ratio of 36.59, a PEG ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

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.

Spotify Technology stock traded down $0.27 during trading hours on Wednesday, reaching $621.50. The company had a trading volume of 2,872,394 shares, compared to its average volume of 2,052,558. Spotify Technology has a 12-month low of $227.52 and a 12-month high of $630.77. The firm has a market cap of $123.71 billion, a price-to-earnings ratio of 168.82 and a beta of 1.63. The company has a 50-day moving average price of $485.02 and a 200 day moving average price of $409.38.

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 Walt Disney stock traded down $1.18 during trading on Wednesday, reaching $112.12. 14,180,861 shares of the stock were exchanged, compared to its average volume of 7,947,938. The stock’s fifty day moving average is $112.26 and its 200 day moving average is $100.89. The firm has a market cap of $202.76 billion, a price-to-earnings ratio of 41.37, a price-to-earnings-growth ratio of 2.02 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.73 and a debt-to-equity ratio of 0.37. Walt Disney has a 1 year low of $83.91 and a 1 year high of $123.74.

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 BABA traded down $2.54 during mid-day trading on Wednesday, hitting $99.81. 12,180,905 shares of the company’s stock traded hands, compared to its average volume of 20,583,127. The firm has a market capitalization of $237.41 billion, a P/E ratio of 20.26, a PEG ratio of 0.42 and a beta of 0.31. The business’s 50-day moving average price is $87.19 and its 200-day moving average price is $89.26. Alibaba Group has a 1 year low of $68.36 and a 1 year high of $117.82. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

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.

LYV stock traded up $1.09 during trading on Wednesday, reaching $149.15. The company had a trading volume of 1,264,060 shares, compared to its average volume of 1,716,071. The company has a debt-to-equity ratio of 6.10, a current ratio of 1.01 and a quick ratio of 1.01. Live Nation Entertainment has a 52 week low of $86.67 and a 52 week high of $150.30. The company has a market cap of $34.66 billion, a P/E ratio of 158.66, a PEG ratio of 1.67 and a beta of 1.38. The business has a 50 day moving average of $135.53 and a 200 day moving average of $117.45.

Synchrony Financial (SYF)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products, and consumer installment loans. The company also offers private label credit cards, dual co-brand and general purpose credit cards, short- and long-term installment loans, and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts, and sweep and affinity deposits, as well as accepts deposits through third-party securities brokerage firms.

Synchrony Financial stock traded up $1.69 on Wednesday, hitting $67.61. 2,273,336 shares of the stock traded hands, compared to its average volume of 3,549,460. The business’s fifty day simple moving average is $67.14 and its 200 day simple moving average is $57.74. The firm has a market cap of $26.32 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.76 and a beta of 1.63. The company has a current ratio of 1.24, a quick ratio of 1.25 and a debt-to-equity ratio of 1.01. Synchrony Financial has a 1 year low of $38.03 and a 1 year high of $70.93.