Promising Digital Media Stocks To Watch - March 29

As of March 29, seven digital media stocks are attracting attention from investors. These stocks include Alibaba Group, Adobe, Digital Realty Trust, Nexstar Media Group, Sunrun, Rocket Companies, and BCE. MarketBeat's stock screener highlights these companies as top picks in the digital media sector, which involves creating and distributing online content like streaming services and digital advertising. These stocks are currently leading in trading volume, making them notable contenders in the market.

Alibaba Group (BABA)

Alibaba Group Holding Limited manages a range of operations through various subsidiaries, providing essential technology infrastructure and marketing capabilities. The company is active both in China and internationally, operating across segments such as China Commerce, International Commerce, Local Consumer Services, and Digital Media and Entertainment.

Recently, Alibaba's shares experienced a decline, trading at $132.49 with a trading volume of over 13 million shares. The company holds a stable market capitalization of $314.80 billion and a price-to-earnings (P/E) ratio of 19.15.

Adobe (ADBE)

Adobe, a global leader in software solutions, operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. Its Digital Media segment provides tools and services to foster content creation and publication.

The stock faced a drop, closing at $385.71 with a trading volume of nearly 3.8 million shares. Adobe has a market cap of around $167.94 billion and maintains a P/E ratio of 31.11.

Digital Realty Trust (DLR)

Digital Realty Trust, Inc. specializes in real estate investment with a focus on data center, colocation, and interconnection solutions. It serves a variety of sectors including artificial intelligence and digital media.

The stock traded at $142.10 recently, with trading volume exceeding 2.7 million. The company’s market capitalization is $47.84 billion, with a P/E ratio of 87.71.

Nexstar Media Group (NXST)

Nexstar Media Group, Inc. is recognized for producing and distributing local and national content across various platforms. Its operations include engaging in television programming.

Nexstar's shares reached $176.45, with 410,199 shares traded during the day. The company holds a market cap of $5.38 billion and a P/E ratio of 10.21.

Sunrun (RUN)

Sunrun Inc. focuses on designing and installing residential solar energy systems throughout the U.S. The company also offers solar products and battery storage solutions.

Recently, shares closed at $5.94, with a significant trading volume of almost 10 million shares. Sunrun's market capitalization stands at $1.34 billion.

Rocket Companies (RKT)

Rocket Companies, Inc. operates as a fintech holding firm, offering mortgage lending and related services in the U.S. and Canada.

The stock's recent price was $13.03, with a trading volume of over 4.3 million shares. Rocket Companies has a market cap of $26.00 billion.

BCE (BCE)

BCE Inc. delivers a wide range of communication services including wireless, internet, and television in Canada.

The stock traded at $22.96, with more than 2 million shares exchanged. BCE's market cap is roughly $21.16 billion with a P/E ratio of 191.29.

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