Best Music Stocks Worth Watching – January 31st

Apple, Amazon.com, and Alibaba Group are the three Music stocks to watch today, according to MarketBeat’s stock screener tool. Music stocks are publicly traded companies involved in the music industry, such as record labels, streaming services, concert promoters, and musical instrument manufacturers. Investors can buy and sell shares of these companies on stock exchanges to capitalize on the performance and growth of the 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.

NASDAQ AAPL traded down $2.68 on Friday, reaching $234.91. 53,953,834 shares of the stock traded hands, compared to its average volume of 57,601,148. The company has a market cap of $3.53 trillion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.39 and a beta of 1.20. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The firm’s fifty day simple moving average is $241.56 and its 200 day simple moving average is $230.86. Apple has a 12 month low of $164.07 and a 12 month 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.

Shares of AMZN traded up $3.60 during trading hours on Friday, hitting $238.24. 18,903,082 shares of the company were exchanged, compared to its average volume of 31,705,203. The company has a market capitalization of $2.51 trillion, a PE ratio of 51.10, a PEG ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a fifty day simple moving average of $223.02 and a 200-day simple moving average of $198.55. Amazon.com has a one year low of $151.61 and a one year 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.

Shares of BABA traded down $4.33 during trading hours on Friday, hitting $98.42. 25,062,228 shares of the company were exchanged, compared to its average volume of 19,326,174. The company has a market capitalization of $234.10 billion, a PE ratio of 20.01, a PEG ratio of 0.41 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.37. The firm has a fifty day simple moving average of $86.27 and a 200-day simple moving average of $88.62. Alibaba Group has a one year low of $68.36 and a one year high of $117.82.