Mark Cuban Stock Portfolio: 8 Best Stocks to Buy

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

Back in 2020, as the coronavirus pandemic tanked stocks like Live Nation Entertainment, Inc. (NYSE:LYV), which operates as a live entertainment company worldwide, Cuban appeared on news platform CNBC to outline that he was using 1% or 1.5% of his available cash to invest in stocks as the market went down. Cuban said he was buying index funds like SPY but also, “dipping my toes on some Live Nation”. During the discussion, Cuban also added that he was taking profits on his put and call options because “the premiums are just incredible.” Puts and calls allow investors to lock in future buy and sell prices for stocks. Cuban clarified that, “”I’ll dip my toe in the water hoping that two years from now this will all be a nightmare that we put behind us and the market will be much higher”.

Live Nation Entertainment, Inc. (NYSE:LYV) has been dealing with a recent decision by a US court in which the company was found to have a harmful monopoly over big concert venues, alongside Ticketmaster. However, over the past six months, the stock is still up close to 30%. Cuban remains a big proponent of firms which offer live experiences like concerts. Latest reports suggest that he has bought a sizable stake in Burwoodland, a New York-based live events company specializing in themed nightlife experiences. Per Music Business Worldwide, Cuban said, “It’s time we all left the house and had fun. Alex and Ethan [Burwoodland founders] know how to create amazing memories and experiences that people plan their weeks around. In an AI world, what you do is far more important than what you prompt”.