LYV - Live Nation moves up again on more expectations of concert resurgence

Live Nation Entertainment (LYV) is legging higher on high volume, +4.3%, as Ritholtz Wealth Management's Josh Brown talks the stock up on CNBC. Brown (long the stock) largely agrees with recent analyst consensus, saying sold-out concerts are ahead after a year of pent-up demand for live entertainment. Analysts are singing from the same lead sheet this month after the company's Q1 earnings: Berenberg says demand is enough to soak up compressed concert supply, and Cowen notes 46 festivals scheduled between June and November, a modest return to normal. Jefferies urged buying the dip on the outlook for concerts, and Wolfe sees a "multiyear cycle of strong growth" for a company with a structurally stronger margin profile post-pandemic. Amid some ups and downs in recent days, LYV is up 17% over the past couple of weeks overall.

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Live Nation moves up again on more expectations of concert resurgence