Best Music Stocks To Follow Now – May 16th

Apple, Amazon.com, Alibaba Group, Spotify Technology, Walt Disney, Live Nation Entertainment, and NetEase are the seven Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are pre-recorded music tracks made available by specialized libraries for licensing in films, commercials, videos, videogames and other media. Typically offered royalty-free or under defined usage terms, they let content creators legally access high-quality music without commissioning custom compositions. 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.

Shares of NASDAQ AAPL traded up $0.16 during midday trading on Friday, hitting $211.61. 32,106,804 shares of the company’s stock were exchanged, compared to its average volume of 55,839,107. The company’s 50 day moving average price is $206.28 and its 200 day moving average price is $226.84. The firm has a market capitalization of $3.16 trillion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27. Apple has a 12 month low of $169.21 and a 12 month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

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 traded down $0.05 during trading on Friday, hitting $205.12. The stock had a trading volume of 24,320,007 shares, compared to its average volume of 41,869,865. The company has a 50 day moving average price of $189.15 and a 200-day moving average price of $208.40. The firm has a market cap of $2.18 trillion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 1.50 and a beta of 1.30. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87.

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 traded up $0.77 during trading on Friday, hitting $124.67. The stock had a trading volume of 11,635,384 shares, compared to its average volume of 20,505,212. The company has a 50 day moving average price of $123.70 and a 200-day moving average price of $107.05. The firm has a market cap of $297.69 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 0.61 and a beta of 0.24. Alibaba Group has a one year low of $71.80 and a one year high of $148.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.48 and a quick ratio of 1.48.

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 up $13.67 during trading on Friday, reaching $653.85. 1,307,983 shares of the company traded hands, compared to its average volume of 2,184,858. The company’s 50 day moving average is $582.66 and its two-hundred day moving average is $530.69. The firm has a market capitalization of $133.85 billion, a PE ratio of 109.78 and a beta of 1.72. Spotify Technology has a 52 week low of $288.07 and a 52 week high of $663.55.

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 up $1.02 during trading on Friday, reaching $113.24. 4,592,115 shares of the company traded hands, compared to its average volume of 10,002,511. The company’s 50 day moving average is $94.32 and its two-hundred day moving average is $104.54. The firm has a market capitalization of $203.57 billion, a PE ratio of 36.89, a PEG ratio of 1.80 and a beta of 1.49. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.36. Walt Disney has a 52 week low of $80.10 and a 52 week high of $118.63.

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 Live Nation Entertainment stock traded up $1.93 during trading on Friday, reaching $147.35. 1,737,939 shares of the company’s stock were exchanged, compared to its average volume of 2,235,351. The company has a debt-to-equity ratio of 6.10, a quick ratio of 1.01 and a current ratio of 1.01. Live Nation Entertainment has a 1-year low of $86.81 and a 1-year high of $157.75. The company has a market cap of $34.15 billion, a P/E ratio of 54.17, a PEG ratio of 1.81 and a beta of 1.47. The firm’s 50-day moving average price is $128.88 and its 200 day moving average price is $133.67.

NetEase (NTES)

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

Shares of NetEase stock traded down $2.56 during trading on Friday, reaching $120.20. 1,384,267 shares of the company’s stock were exchanged, compared to its average volume of 1,599,217. NetEase has a 1-year low of $75.85 and a 1-year high of $123.56. The firm’s 50-day moving average price is $102.36 and its 200 day moving average price is $96.84. The company has a market cap of $76.16 billion, a P/E ratio of 18.90, a PEG ratio of 3.37 and a beta of 0.66.