As earnings season prepares to get underway, K-pop companies were among the week’s rare winners as music stocks broke a six-week winning streak. . The track got off to a blistering start this week, topping Spotify’s global and U.S. daily streaming charts and earning 13.3 million streams in the U.S. in its first four days of release. SM Entertainment, home toStock prices are likely to see movement in the coming weeks as companies release their results for the quarter ended Sept. 30.
Outside of South Korean companies, one of the biggest movers of the week was Live Nation. Ahead of the company’s Nov. 12 earnings release, numerous analysts increased their price targets on the concert promoter’s stock this week: Redburn Atlantic , Jefferies , JP Morgan and Goldman Sachs . Given that the third quarter is historically Live Nation’s strongest period and the company has set all-time records in previous quarters, Q3 results are likely to boast more all-time highs.