This week’s Momentum Trader Alert recommendation is California-based Live Nation Entertainment, Inc. (LYV).
Based in Beverly Hills, California, Live Nation is the world’s premier live entertainment company. Operating under the brands Live Nation, Ticketmaster and Front Line Management Group, it produces, markets and sells live concerts for artists.
Live Nation owns and operates many entertainment venues. These include the House of Blues, The Fillmore in San Francisco, Nikon at Jones Beach Theatre in New York and London’s Wembley Arena. It also offers ticket sales, ticket resale services and marketing and distribution through ticketmaster.com, an e-commerce site on the Internet.
Live Nation (LVY) versus the S&P 500 year to date.
Momentum Trader Alert Analysis
Buy Live Nation Entertainment, Inc. (LYV) at market today and place your stop at $37.90.
If you want to play the options, I recommend the LYV January 2018 $42.00 calls (LYV180119C00042000), which last traded at $2.04 and expires on Jan. 19.
Sell one-half of your AON October $135 calls, which last traded at $10.60, for a 81.20% gain. Hold on to the rest of the options for potentially bigger gains ahead.
With Sociedad Quimica y Minera de Chile S.A. (SQM) soaring 19.86% this past week, raise your stop in the stock to $57.30 to lock in a 20% gain.
Raise your stop in Altbaba (AABA) to $63.50 to lock in at least a 10% gain in the stock.
Nicholas A. Vardy