Live Nation Entertainment (LYV)

[winston]

not vested

THE BULL MARKET IN LIVE ENTERTAINMENT

Today's chart highlights a growing entertainment company...

In 2010, concert provider Live Nation and ticket seller Ticketmaster merged, forming Live Nation Entertainment (LYV).

The $6 billion company promotes and hosts live events around the world. Last year, it hosted more than 25,000 events for 63 million total attendees.

Live Nation generates most of its business from concerts, ticket sales, and advertising sales... And it's on pace for a record year.

Earlier this week, in its quarterly earnings release, the company said it expects more than 70 million fans to attend its events this year – an 11% increase from 2015 numbers.

As you can see from the chart below, LYV shares are benefiting from this trend.

The company is confident it will continue to see strong demand... And it looks like fans agree. Shares are trading near a 52-week high and are up more than 40% over the last nine months.

Source: Daily Wealth

[winston]

not vested

GLOBAL CONSUMERS HAVE CASH TO BURN ON ENTERTAINMENT

Today, we're highlighting one of our favorite gauges of consumer confidence...

Regular DailyWealth readers know we look at several sectors that show us how the U.S. economy is doing. When people are buying leisure items like swimming pools and luxury cars, it's a sign that consumer confidence is strong. Today, we take look at a rise in entertainment spending – both in the U.S., and worldwide...

Live Nation (LYV) is a global events promoter and venue operator. It claims more than 200 venues worldwide, including clubs, theaters, stadiums, and festival sites. Live Nation's venues are increasingly popular...

In fiscal year 2017, 86 million people attended Live Nation concerts. That's up 20%-plus over the year before. And it's a sign that folks have more money to spend on concert tickets...

As you can see in the chart below, Live Nation is trending higher. Shares are up more than 200% over the past five years, and they recently hit an all-time high. It's a sign that things are still going well in the global economy...

Source: Daily Wealth

[winston]

not vested

THIS INDICATOR TELLS US THE ECONOMY IS THRIVING

Today, we're seeing another positive sign from one of our "real-world indicators"...

Regular readers know we use various industries to track the economy's health. When companies selling luxury goods or leisure activities are thriving, it's a sign folks have extra money to spend.

We've seen this trend in ski resorts, sports cars, and even robotic vacuum cleaners. Today's company shows similar outperformance...

Live Nation Entertainment (LYV) calls itself the "world's leading live-entertainment company." The $13 billion company put on roughly 35,000 events last year at its 237 venues around the world, attracting nearly 93 million fans.

It was record-breaking attendance for Live Nation... So it's no surprise the company also enjoyed record-breaking sales of nearly $11 billion, up 11% from 2017. Clearly, music fans aren't hurting for cash today...

As the chart shows, LYV shares are up more than 40% over the past year. They recently hit a new all-time high. As more and more people flock to Live Nation's concerts, it tells us the economy is doing just fine...

Source: Daily Wealth