Olympic Sponsor Stocks Rally to Win Gold Position

We reveal five Olympics sponsors that saw their shares rally year to date, as well as two companies that may benefit from the 2020 games

Karen Kwok 24 August, 2016 | 4:29PM
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The Olympics proved pure gold for the companies sponsoring the games – as shares have been on a winning streak since the start of the year. According to Morningstar data, sponsoring the most renowned sporting tournament in the world does not only raise a company’s profile, it also helps send the stocks higher.

Among the 10 worldwide sponsorship partners and 10 official sponsorship partners with the British Olympic Association, five companies stood out; BP (BP.), General Electric (GE), Procter & Gamble (PG), Samsung (005930) and Visa (V).

Energy Stocks Rise with Oil

BP is up 23% year to date, helped by oil prices rallying almost 30% over the same period. The stock is rated with a two-star rating, meaning analysts think the stock is currently trading higher than its value.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BP PLC327.70 GBP0.00Rating
Canon Inc2,500.00 JPY0.00
Cisco Systems Inc55.76 USD0.00Rating
General Electric Co98.40 USD0.00Rating
Procter & Gamble Co149.02 USD0.00Rating
Visa Inc Class A196.29 USD0.00Rating

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk