"I Would Buy" Live Nation (LYV) on the Decline, Says Jim Cramer

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Live Nation Entertainment, Inc. (NYSE:LYV) is one of the stocks Jim Cramer's radar.

Cramer discussed Live Nation Entertainment, Inc. (NYSE:LYV)’s stock after he commented on StubHub’s 20% share price drop on Friday. He wondered whether the drop was due to StubHub’s inability to run a successful business. The CNBC TV host then added that even though Live Nation Entertainment, Inc. (NYSE:LYV)’s shares had dipped, he would buy the shares due to the firm’s competence. Cramer had also defended the stock after it fell following the firm’s third-quarter earnings report on November 4th. The results saw Live Nation Entertainment, Inc. (NYSE:LYV) post $8.5 billion in revenue. After the earnings, Cramer commented that massive beats from the firm in earlier quarters had raised expectations. In this appearance, he commented on Live Nation Entertainment, Inc. (NYSE:LYV) and the experiential economy:

“I think it’s a comment on their inability to do operative business successfully. LiveNation stock has come down but I would buy that stock on the decline because they are very, very good at what they do. I think the experiential economy has taken a bit of a hit.. . .But the experience right now, people are saying woah, I mean, everyone’s saying woah. And I’m gonna come out and say, no woah very soon. For the companies that are very good executors because there’s a lot of money still around and we’re gonna get away from the negative moment of the government shut down soon.”

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Disclosure: None. This article is originally published at Insider Monkey.