Major Turnarounds and Strong Return Potential: Opportunities at thyssenkrupp, Live Nation Entertainment and Lahontan Gold

thyssenkrupp: Traditional Industry in the Shadow of the Green Transition

One of Germany's long-established industrial conglomerates has been navigating the "stormy waters" of the green transition for years. The Essen-based company is trying to strike a balance between traditional heavy industry and sustainable decarbonization. While global competitive pressures weigh on the European steel sector, the shift toward green steel also offers long-term potential for investors. A Capital Markets Day scheduled for September is expected to provide additional clarity, during which the group plans to present its strategy for the steel division's independence.

Operations are divided into several core segments, which, in addition to materials trading, primarily include Steel Europe and the marine division. In the past fiscal year, the group generated revenue of approximately EUR 37.5 billion, though the adjusted EBIT margin of a meagre 1.8% reflects the ongoing structural challenges. High energy costs and fluctuating demand from the automotive industry are particularly weighing on operating profitability. However, there is a ray of hope in the TKMS marine division, which has significantly raised its revenue forecast for the current fiscal year from the previous range of 2-5% to 10-12%, driven by a sharp increase in demand in the defense sector. A billion-dollar deal for six submarines for the Indian Navy, worth approximately USD 7.3 billion, is also nearing final approval.

Positive signals are also mounting in the Group's financial results. For the first nine months, thyssenkrupp reported adjusted EBIT of EUR 591 million, up EUR 226 million from the previous year, and maintained a net cash position of EUR 2.6 billion. The full-year forecast for adjusted EBIT has been raised to between EUR 600 and 900 million. With the spin-off of its materials trading division as "tk accelis"—recently approved at the annual shareholders' meeting—the group is also implementing another key component of its restructuring.

For long-term investors, the stock still offers upside potential, but the risk of loss remains ever-present given cyclical headwinds.

Live Nation Entertainment: The Hunger for Emotional Experiences as a Reliable Driver of Returns

In an increasingly digitized world, the longing for real, shared experiences is growing noticeably. In Germany, there is CTS Eventim; in the US, there is Live Nation Entertainment. The latter capitalizes on this unquenchable global hunger for concerts, shows, and events. The live entertainment market is setting historic records for ticket sales, providing the company with a tailwind.

Its business model is based on organizing major events, global ticket sales, and lucrative sponsorship deals. Most recently, the group generated annual revenue of approximately USD 22.7 billion, representing double-digit growth over the previous year. Adjusted EBIT rose in parallel to around USD 1.1 billion, demonstrating that the events business is scalable. Higher ticket prices and consistent venue occupancy rates secure the earnings base.

Although the stock's valuation, as measured by the P/E ratio, is no longer as attractive, Live Group remains the market leader and therefore holds a unique position in ticketing. Investors are willing to pay a premium for that. The company is not currently paying a dividend, as free cash flow is being invested directly in global expansion. Given its dominant market position and sustained demand for live events, the stock is an attractive growth pick for dynamic portfolios. The chart illustrates this: the stock climbs from one high to the next, as if pulled by a string.

From ticketing, we now head to Nevada, where a gold explorer is attracting attention both through its latest news and its chart setup.

Lahontan Gold: Technical Breakout on the Horizon

Lahontan Gold's stock is showing clear signs of renewed momentum on the stock market. Most recently, the price successfully broke out upward from a higher-degree wedge formation and has established an intact uptrend. The stock is currently trading at around CAD 0.41, placing it right in the middle of a key resistance zone. This Canadian surface mining exploration company is focused on the Santa Fe project in the Walker Lane Trend in Nevada. The recently presented Preliminary Economic Assessment (PEA) underscores the project's potential: assuming a gold price of USD 2,025 per ounce, the project yields a net present value (NPV at a 5% discount rate) of USD 56.5 million and an internal rate of return (IRR) of 14.0%. With an indicated resource of 1.5 million ounces of gold equivalent and moderate initial capital costs of USD 135.1 million, the project is well-positioned. The planned heap leaching process, with a daily throughput of 12,500 metric tons, also promises cost-effective operations.

It is worth noting that the PEA calculations are still based on a gold price of USD 2,025 per ounce. Currently, however, gold is trading at around USD 4,620—more than double that price. If the economic analysis were recalculated using today's prices, the NPV and IRR of the Santa Fe project would likely improve significantly. The current figures thus reflect a highly conservative base-case scenario rather than the actual earnings potential in the current gold price environment.

From a technical analysis perspective, things are now becoming extremely exciting for speculative investors, because if the stock manages to break sustainably above CAD 0.43, the current resistance zone would likely be breached, clearing the path toward CAD 0.50-0.55. Based on the first historical technical wave movement from CAD 0.12 to CAD 0.50, a calculated price target of CAD 0.75 can even be derived for the medium term. At present, Lahontan Gold's stock appears well positioned to maintain its upward momentum if the gold price continues to rise.

thyssenkrupp remains a classic turnaround candidate that could reward patient investors if the restructuring is successful. Live Nation Entertainment stands out as a high-growth industry leader and is benefiting from the ongoing boom in live events. Lahontan Gold presents itself as a promising commodity stock whose project metrics in Nevada are supported by a fresh technical buy signal.