Music Stocks To Keep An Eye On – July 1st

Apple, Amazon.com, Spotify Technology, Walt Disney, Alibaba Group, Best Buy, and Etsy are the seven Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are shares of publicly traded companies whose primary business is in the music industry—everything from record labels and music publishers to streaming platforms and concert promoters. By buying these stocks, investors gain partial ownership and can profit from the company’s growth through share‐price appreciation or dividends. Their performance typically reflects trends in streaming revenues, touring activity, artist signings and broader consumer tastes. 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.

AAPL stock traded up $3.14 during mid-day trading on Tuesday, hitting $208.31. The stock had a trading volume of 58,473,185 shares, compared to its average volume of 53,540,403. The stock has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 32.43, a PEG ratio of 2.25 and a beta of 1.22. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. Apple has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a fifty day moving average of $202.85 and a 200 day moving average of $219.53.

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 up $1.60 during midday trading on Tuesday, hitting $220.99. 23,154,070 shares of the company’s stock traded hands, compared to its average volume of 45,089,762. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The company has a market cap of $2.35 trillion, a PE ratio of 35.98, a price-to-earnings-growth ratio of 1.68 and a beta of 1.34. Amazon.com has a one year low of $151.61 and a one year high of $242.52. The stock’s fifty day simple moving average is $203.30 and its 200-day simple moving average is $208.67.

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.

NYSE SPOT traded down $41.75 during trading on Tuesday, hitting $725.59. 1,780,526 shares of the company traded hands, compared to its average volume of 2,313,573. The company has a market capitalization of $148.53 billion, a P/E ratio of 120.33, a PEG ratio of 2.03 and a beta of 1.68. The business has a fifty day simple moving average of $669.15 and a 200 day simple moving average of $586.72. Spotify Technology has a 12 month low of $288.07 and a 12 month high of $785.00.

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 DIS traded down $0.57 during mid-day trading on Tuesday, hitting $123.44. The company’s stock had a trading volume of 5,487,285 shares, compared to its average volume of 10,208,046. The stock’s 50-day moving average is $109.06 and its two-hundred day moving average is $105.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.67. Walt Disney has a one year low of $80.10 and a one year high of $124.69. The firm has a market capitalization of $221.91 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.54.

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.

NYSE BABA traded up $0.78 during trading on Tuesday, reaching $114.19. 5,322,574 shares of the company traded hands, compared to its average volume of 23,291,311. The stock’s 50 day moving average price is $119.83 and its two-hundred day moving average price is $113.33. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.55 and a current ratio of 1.55. Alibaba Group has a 1-year low of $71.97 and a 1-year high of $148.43. The company has a market cap of $272.48 billion, a price-to-earnings ratio of 15.33, a P/E/G ratio of 0.48 and a beta of 0.22.

Best Buy (BBY)

Best Buy Co., Inc. engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.

BBY traded up $3.10 during mid-day trading on Tuesday, reaching $70.23. The stock had a trading volume of 3,006,951 shares, compared to its average volume of 3,709,202. The firm’s fifty day simple moving average is $69.38 and its two-hundred day simple moving average is $75.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 1.02. The stock has a market capitalization of $14.84 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.80 and a beta of 1.25. Best Buy has a 52 week low of $54.99 and a 52 week high of $103.71.

Etsy (ETSY)

Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, Germany, Canada, Australia, and France. Its primary marketplace is Etsy.com that connects artisans and entrepreneurs with various consumers. The company also offers Reverb, a musical instrument marketplace; Depop, a fashion resale marketplace; and Elo7, a Brazil-based marketplace for handmade and unique items.

ETSY stock traded up $1.46 during mid-day trading on Tuesday, hitting $51.62. 3,511,892 shares of the company were exchanged, compared to its average volume of 4,263,177. The firm has a market cap of $5.38 billion, a P/E ratio of 36.95, a P/E/G ratio of 2.79 and a beta of 1.80. Etsy has a 1-year low of $40.05 and a 1-year high of $66.81. The firm’s 50 day simple moving average is $51.21 and its 200 day simple moving average is $50.89.