Live Nation's Newest Headache

Plus, PVH's buyback boosts stock.

April 01, 2025

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Today is Tuesday, April 1, 2025.

The Early Bird Index today is 68.92

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Live Nation's Newest Headache

Live Nation Entertainment $LYV ( ▲ 0.17% ) fell 1.21% in after-hours trading on Monday after President Trump signed an executive order that targeted ticket scalping.

Details: The new executive order directs the Federal Trade Commission to work with the Attorney General to ensure that competition laws are enforced and to ensure price transparency during the ticket-buying process. It also directs the Secretary of the Treasury and Attorney General to ensure that ticket scalpers are operating in full compliance with the IRS rules.

Background: The Biden administration previously took action against Live Nation.

Early Bird’s Nest Egg Gains: The new executive order targeting ticket scalping could negatively impact Live Nation.

  • The mandate for price transparency at all stages of ticket purchasing, including the secondary market, could disrupt Live Nation's ability to profit from fees and opaque pricing structures.

  • These measures could force Live Nation to overhaul its business model, reduce fees, and address anticompetitive practices—all of which may hurt its profitability and market control.

Final Thoughts: Live Nation’s stock is still up 25% in the last 12 months.

Notables

Notable Earnings Today: nCino (Nasdaq: NCNO), Evaxion Biotech (Nasdaq: EVAX), Sportsman's Warehouse Holdings (Nasdaq: SPWH).

Notable IPOs Today: Rafael Holdings, Inc. (NYSE: RFL), Top Win International Limited Ordinary Shares (Nasdaq: TOPW).

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: S&P Global Manufacturing PMI (9:45 a.m. ET), ISM Manufacturing PMI / Prices / Employment (10:00 a.m. ET), JOLTS Job Openings (10:00 a.m. ET), Construction Spending (10:00 a.m. ET).

PVH's Buyback Boosts Stock

PVH $PVH ( ▲ 0.38% ) , the clothing company behind brands such as Tommy Hilfiger and Calvin Klein, surged 16.21% in after-hours trading on Monday after posting better-than-expected financial results.

Financials: PVH reported earnings of $3.27 per share and revenue of $2.37 billion in the last quarter; both were better than expected.

Details: Revenue decreased in the past quarter, but the results were still better than feared. The outlook for 2025 was solid.

Powering the Story: On Monday, PVH introduced a $500 million stock buyback to boost the stock price.

Final Thoughts: PVH, which was down 53% in the last year, needed to turn things around.

Progress Software Posts Good Results

The business application company Progress Software $PRGS ( ▲ 0.6% ) jumped 5.98% in after-hours trading on Monday after reporting good financial earnings results.

Financials: Progress Software reported earnings of $1.31 per share and revenue of $238 million; both were better than expected.

Final Thoughts: With the stock down 20% in the last 12 months, these results give Progress Software investors some hope.

Hooters Busts: Hooters files for bankruptcy (CNN)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.