Bull’s Eye Report: Live Nation Entertainment (LYV)

Try LYV for a short term pop

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Live Nation Entertainment LYV Movies & Entertainment 9.8 +77.50% $16.24

Why We Like The Stock:

Live Nation Entertainment (LYV) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. Entertainment stocks have been near the top of our sub-industry rankings for quite some time, and you can see the broad technical strength through charts like Madison Square Garden (MSG), Regal Entertainment Group ( RGC), DreamWorks Animation (DWA), and LYV. Though LYV is already up over +75% on the year, we still think it is an attractive low-risk, high-reward short-term trading opportunity. LYV recently hit highs just below $19 in the second week of August, which is +10.45% from current prices. There is considerable support at the $16.60 level, but it looks like LYV is already turning around again at $17.20. We would use the 50-day moving average ($16.24) as our tight stop, and buy LYV here for a run back to mid-August highs.

We Would Be Buyers:

At the current price (~$17.22).

Company Profile:

Live Nation Entertainment, Inc. (Live Nation), is a live entertainment company connecting more than 250 million fans across all of our platforms to over 180,000 events in approximately 47 countries. It is a producer of live music concerts connecting nearly 49 million fans to 22,000 events for over 2,300 artists, during the year ended December 31, 2012. Globally, Live Nation owns, operates, has booking rights for and/or has an equity interest in 139 venues, including House of Blues music venues and locations, such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and the O2 Dublin. The Company’s segments include Concerts, Ticketing, Artist Nation and Sponsorship & Advertising. In June 2013, Nation Entertainment Inc acquired an undisclosed majority interest in BDG Music Group.

Stock Rating: 9.8

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Live Nation Entertainment – Last Three Months

lyv 1 Bull's Eye Report: Live Nation Entertainment (LYV)

Live Nation Entertainment – Last 12  Months

lyv 2 Bull's Eye Report: Live Nation Entertainment (LYV)

Live Nation Entertainment – Last Five Years

lyv 3 Bull's Eye Report: Live Nation Entertainment (LYV)
At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.

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