Music Stocks To Watch Now – March 1st

Apple, Amazon.com, Alibaba Group, Spotify Technology, Walt Disney, Western Digital, and Live Nation Entertainment are the seven Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are shares of companies that operate within the music industry, such as record labels, streaming platforms, and other entities involved in music production and distribution. Investors buy these stocks to gain exposure to the revenue and growth potential of the evolving music market. 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 $4.46 on Friday, reaching $241.76. 56,752,369 shares of the company’s stock were exchanged, compared to its average volume of 52,881,559. The company has a fifty day moving average of $239.60 and a 200-day moving average of $233.58. Apple has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a market capitalization of $3.63 trillion, a price-to-earnings ratio of 38.37, a PEG ratio of 2.44 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 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.

Shares of NASDAQ AMZN traded up $3.58 during trading hours on Friday, hitting $212.32. 51,708,069 shares of the stock were exchanged, compared to its average volume of 36,827,215. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a market cap of $2.25 trillion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 1.50 and a beta of 1.15. The company’s fifty day simple moving average is $226.44 and its two-hundred day simple moving average is $205.61. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52.

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 down $4.10 during trading hours on Friday, hitting $132.45. 24,773,325 shares of the stock were exchanged, compared to its average volume of 31,593,822. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.48 and a current ratio of 1.48. The company has a market cap of $314.70 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 0.61 and a beta of 0.31. The company’s fifty day simple moving average is $100.36 and its two-hundred day simple moving average is $94.79. Alibaba Group has a 1-year low of $68.36 and a 1-year high of $145.30.

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 $17.40 during trading hours on Friday, hitting $608.16. 4,530,884 shares of the stock were exchanged, compared to its average volume of 2,138,952. The company has a market cap of $121.06 billion, a PE ratio of 102.21 and a beta of 1.63. The company’s fifty day simple moving average is $536.90 and its two-hundred day simple moving average is $444.91. Spotify Technology has a 1-year low of $249.58 and a 1-year high of $652.63.

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 up $2.51 during trading hours on Friday, hitting $113.82. 14,604,373 shares of the stock were exchanged, compared to its average volume of 8,337,681. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. The company has a market cap of $205.77 billion, a PE ratio of 37.08, a price-to-earnings-growth ratio of 1.80 and a beta of 1.42. The company’s fifty day simple moving average is $110.68 and its two-hundred day simple moving average is $103.23. Walt Disney has a 1-year low of $83.91 and a 1-year high of $123.74.

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 up $0.73 during trading hours on Friday, hitting $48.93. 9,268,517 shares of the stock were exchanged, compared to its average volume of 9,224,096. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.26 and a current ratio of 1.99. The company has a market cap of $17.02 billion, a PE ratio of 11.65 and a beta of 1.44. The company’s fifty day simple moving average is $63.42 and its two-hundred day simple moving average is $65.21. Western Digital has a 1-year low of $39.58 and a 1-year high of $61.16.

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.

NYSE:LYV traded up $2.39 on Friday, hitting $143.35. The company had a trading volume of 2,904,894 shares, compared to its average volume of 2,112,376. The stock has a market capitalization of $33.46 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 1.81 and a beta of 1.38. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 6.10. The firm has a 50 day moving average of $140.25 and a two-hundred day moving average of $124.17. Live Nation Entertainment has a 52 week low of $86.81 and a 52 week high of $157.75.