Bank of America Highlights Three Retail and Entertainment Stocks with Growth Potential Post-Earnings

Bank of America has identified Levi Strauss, TKO Group, and Live Nation Entertainment as retail and entertainment stocks poised for growth following their earnings reports. Despite a challenging retail environment, these companies demonstrate resilience through strategic adjustments and strong consumer demand in specific sectors.

Levi Strauss reported mixed results, with an 8% revenue decline to $1.4 billion but surpassed earnings estimates at $0.22 per share. Organic revenue grew by 9%, underscoring strength in direct-to-consumer channels. CEO Michelle Gass emphasized cost-cutting measures and a focus on Core brands to counter weak wholesale demand. The company forecasts full-year growth between 4.5% and 5.5%, reflecting cautious optimism.

TKO Group, parent company of UFC and WWE, continues to thrive with robust live event attendance. Bank of America's endorsement highlights the enduring appeal of sports entertainment amid shifting consumer spending habits.