Jim Cramer on Live Nation Entertainment (LYV): “Big Time Winner on Our Hands”

We recently published a list of Jim Cramer Talked About These 13 Stocks. In this article, we are going to take a look at where Live Nation Entertainment, Inc. (NYSE:LYV) stands against other stocks that Jim Cramer discusses.

Live Nation Entertainment, Inc. (NYSE:LYV) was mentioned during the episode, and here’s what Cramer had to say:

“This is a stock that you know I’ve liked for a long, long time, and it’s been a huge winner over the years. Really well managed… I think the stock’s deserves to roar because if the main question for Live Nation was whether the softer economy would start impacting their business, well, the answer, at least three weeks ago, was an emphatic no, and that’s why I think the stock still very much works in this environment. Beyond that encouraging update about how the business is holding up, I come back to the core reason, core reason why I like Live Nation, it’s a secular growth winner thanks to major structural changes to the music industry over the past decade.

… The demand for live music is clearly there for consumers. We know this. I think Live Nation is the best way to play this theme, and the company continues to grow its share of the concert industry as it builds or requires more and more venues. It’s the best way to play any music. It may be the best way to play any entertainment…

In this tricky market… it’s important to check in on… even the best stories because you have to make sure that they still work in a brand new environment. And when it comes to Live Nation Entertainment, I still think we’ve got a big time winner on our hands.”

im Cramer on Live Nation Entertainment (LYV): “Big Time Winner on Our Hands”

A group of people in a large music venue, enjoying a vibrant concert.

Live Nation Entertainment (NYSE:LYV) runs a live entertainment business that promotes music events, handles ticketing services, sells advertising and sponsorships, and owns and manages different entertainment venues.

Overall, LYV ranks 4th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of LYV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LYV and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.