Top Music Stocks To Follow Now – April 6th

Apple, Amazon.com, Alibaba Group, Spotify Technology, Walt Disney, Western Digital, and Best Buy 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 services, and music technology firms. Their performance is influenced by trends in consumer engagement, copyright revenues, and the broader shifts in how music is produced, distributed, and monetized. 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 down $14.81 during mid-day trading on Friday, hitting $188.38. 125,530,035 shares of the stock were exchanged, compared to its average volume of 55,363,953. Apple has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a fifty day moving average price of $229.45 and a 200 day moving average price of $233.07. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.44 and a beta 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 AMZN stock traded down $7.41 on Friday, hitting $171.00. 122,919,361 shares of the company’s stock traded hands, compared to its average volume of 40,634,140. 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 stock has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. The company’s fifty day simple moving average is $212.18 and its 200 day simple moving average is $209.06. Amazon.com has a one year low of $151.61 and a one 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 $12.78 on Friday, reaching $116.56. 56,989,438 shares of the company traded hands, compared to its average volume of 19,720,317. Alibaba Group has a 52 week low of $68.36 and a 52 week high of $148.43. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.19. The business’s 50-day simple moving average is $125.77 and its 200 day simple moving average is $104.10. The stock has a market capitalization of $276.85 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 0.61 and a beta of 0.24.

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.

SPOT traded down $55.52 on Friday, hitting $502.90. 4,146,568 shares of the company were exchanged, compared to its average volume of 2,155,577. The firm has a fifty day simple moving average of $583.28 and a two-hundred day simple moving average of $485.42. The stock has a market capitalization of $102.95 billion, a PE ratio of 84.52 and a beta of 1.75. Spotify Technology has a 12 month low of $267.76 and a 12 month 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 down $5.32 during mid-day trading on Friday, hitting $83.52. The stock had a trading volume of 22,563,462 shares, compared to its average volume of 9,804,259. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.62 and a current ratio of 0.68. Walt Disney has a 1 year low of $83.08 and a 1 year high of $118.63. The business has a 50 day moving average price of $105.68 and a two-hundred day moving average price of $105.20. The firm has a market cap of $150.99 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.80 and a beta of 1.44.

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 WDC stock traded down $3.61 during mid-day trading on Friday, reaching $30.54. The stock had a trading volume of 22,935,796 shares, compared to its average volume of 6,164,432. The firm has a market capitalization of $10.62 billion, a PE ratio of 7.27 and a beta of 1.39. The stock’s 50-day moving average price is $52.70 and its two-hundred day moving average price is $61.48. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 0.60. Western Digital has a 52-week low of $29.76 and a 52-week high of $81.55.

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.

NYSE BBY traded down $1.94 on Friday, hitting $60.28. The company’s stock had a trading volume of 8,428,641 shares, compared to its average volume of 3,120,081. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. Best Buy has a 52-week low of $57.34 and a 52-week high of $103.71. The firm has a market cap of $12.74 billion, a P/E ratio of 10.30, a PEG ratio of 2.10 and a beta of 1.42. The company’s 50-day simple moving average is $81.02 and its 200 day simple moving average is $87.23.