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For his "Executive Decision" segment, Cramer checked in with Michael Rapino, president and CEO of Live Nation Entertainment (LYV) - Get Live Nation Entertainment, Inc. (LYV) Report , a stock that's up 44% since Cramer last spoke with him a little more than a year ago - but also one that fell 3% in today's session on what appeared to be solid quarterly results.
Rapino said he's very proud of this quarter's results and of Live Nation's record year in 2016. He said that things continue to look good for 2017 and beyond.
Nearly 77 million people attended a Live Nation show last year, Rapino said, and he anticipates that number will rise in 2017. People relish the live concert experience. Live Nation puts on 26,000 shows a year around the globe.
When asked about competition from Amazon.com (AMZN) - Get Amazon.com, Inc. Report , which is moving into selling tickets, Rapino said that he's always seen Live Nation's Ticketmaster business as an open platform that should be selling tickets to every retail outlet. Most shows are not sold out, he noted, which means they welcome Amazon and others who can help sell more tickets.
Does the concert business ever get old? Rapino said artists are constantly reinventing themselves and keeping shows fresh for their audiences. He said he see significant opportunities in the high-end, premium segment of the concert market.
Are you sensing a little resistance? Cramer and the AAP team look at Apple (AAPL) - Get Apple Inc. (AAPL) Report , Facebook (FB) - Get Facebook, Inc. Class A Report , Alphabet (GOOGL) - Get Alphabet Inc. Class A Report , and Schlumberger (SLB) - Get Schlumberger NV Report in their weekly roundup. Be ready for the week ahead and find out what they're telling their investment club members with a free trial subscription to Action Alerts PLUS.
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