Promising Music Stocks To Follow Today – May 12th

Amazon.com, Apple, 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 business revolves around the creation, distribution or monetization of music. These can include record labels, streaming platforms (for example, Spotify or Tencent Music) and music publishing firms. Investors buy music stocks to gain exposure to the growth potential and revenue streams of the global music 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 Amazon.com stock traded up $15.65 on Monday, hitting $208.71. 55,454,375 shares of the company traded hands, compared to its average volume of 41,781,295. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.22 trillion, a PE ratio of 37.74, a PEG ratio of 1.50 and a beta of 1.30. The stock’s 50 day moving average price is $188.50 and its 200-day moving average price is $208.10. Amazon.com has a 52 week low of $151.61 and a 52 week 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.

Apple stock traded up $12.56 during midday trading on Monday, hitting $210.83. 41,735,383 shares of the company’s stock were exchanged, compared to its average volume of 56,042,326. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market cap of $3.15 trillion, a PE ratio of 33.44, a P/E/G ratio of 2.44 and a beta of 1.27. The firm has a 50-day moving average of $208.09 and a two-hundred day moving average of $227.33. Apple has a 12 month low of $169.21 and a 12 month high of $260.10.

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 $8.25 during mid-day trading on Monday, reaching $133.58. 16,967,553 shares of the company were exchanged, compared to its average volume of 20,616,788. The firm has a 50-day moving average of $124.36 and a 200 day moving average of $106.28. Alibaba Group has a 1 year low of $71.80 and a 1 year high of $148.43. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.19. The stock has a market cap of $318.98 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 0.61 and a beta of 0.24.