Trade of the Day: Live Nation Entertainment (LYV)

Find out why this entertainment stock has investors cheering

It’s been quite a mixed month for the market. After starting off strong, the market fluctuated between highs and lows throughout May and the main driver has been the Fed. There have been a number of positive economic reports that have come out as of late, but that has investors worried that there might be a rate hike this year.

Just yesterday, U.S. stock indices opened in the red despite a strong home sales report and solid durable goods orders. By market close, all three major indices (S&P 500, Dow, and Nasdaq) were down more than 1%.

And while momentum has been stop and go for most of this month, the Turner Analytics database continues to favor a bullish trend this week. That means if you’re not already fully invested, now is the time to be looking into fundamentally strong, up-trending stocks.

Lucky for you, I have very strong contender today.

Live Nation Entertainment, Inc. (LYV) is a live entertainment company that operates through four segments: Concerts, Ticketing, Artist Nation, and Sponsorship & Advertising.  The stock has moved consistently higher for the past 30 months, only hitting a neutral bias three times and never entering bearish territory. What’s most impressive is that LYV has very strong Earnings Growth Quarter-over-Quarter (122.73%) and Year-over-Year (1065.24%).

Looking at the Turner Analytics data, the stock’s P/E among its peer group is low and achieves 5 out of 6 points in the Turner Analytics fundamental metrics. Meanwhile, both the Sector (Consumer Discretionary) and Industry (Entertainment – Diversified) are technically bullish. LYV earns an impressive 100 out of 100 for its Demand Technical score and 62 out of 100 for its Demand Fundamental score. LYV is also a low volatility stock with an expected of 3.7% or $1.00.


And with summer just around the corner, it’s prime time for concerts and music festivals. So I expect Live Nation’s sales to get a boost. Overall, Live Nation is an exceptionally strong stock that is rated as a buy in the Turner Analytics database system and is in the Buy Zone. I recommend entering this at $28.15 or better and setting the stop at $25.05.

Mike Turner and his team of software engineers developed Turner Analytics, a sophisticated software market and trade-timing system that provides unbiased, quantifiable recommendations on thousands of equities and rates, ranks and scores these equities from best to worst in an easy-to-use on-line tool for individual investors. He is also the editor of Signal Investor.

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