Music Stocks To Add to Your Watchlist – February 01st

Apple, Amazon.com, and Alibaba Group are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks refer to stocks of companies involved in the music industry, such as music streaming services, record labels, music equipment manufacturers, and concert promotion companies. Investors may purchase music stocks to profit from the growth and success of the music industry. 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 Apple stock traded down $1.59 during trading hours on Friday, reaching $236.00. The company’s stock had a trading volume of 100,927,959 shares, compared to its average volume of 52,177,912. The firm has a 50 day moving average price of $241.68 and a 200-day moving average price of $230.87. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market cap of $3.55 trillion, a P/E ratio of 38.82, a P/E/G ratio of 2.39 and a beta of 1.20. Apple has a one year low of $164.07 and a one year high of $260.10.

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 $3.04 during trading on Friday, reaching $237.68. The company had a trading volume of 36,098,305 shares, compared to its average volume of 29,222,300. The business has a 50 day simple moving average of $223.83 and a 200-day simple moving average of $198.87. The stock has a market cap of $2.50 trillion, a P/E ratio of 50.90, a PEG ratio of 1.35 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. Amazon.com has a 52 week low of $151.61 and a 52 week high of $241.77.

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 down $4.09 during trading on Friday, hitting $98.65. The stock had a trading volume of 36,378,141 shares, compared to its average volume of 16,013,848. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a 50 day simple moving average of $86.58 and a 200 day simple moving average of $88.76. Alibaba Group has a one year low of $68.36 and a one year high of $117.82. The stock has a market capitalization of $234.66 billion, a price-to-earnings ratio of 20.01, a P/E/G ratio of 0.41 and a beta of 0.30.