Jim Cramer Talked About These 13 Stocks

4. Live Nation Entertainment, Inc. (NYSE:LYV)

Number of Hedge Fund Holders: 60

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.”

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.