Summary: The Paris summer Olympics are already in full swing, and sports fans worldwide are tuning in to root for the athletes representing their respective countries. While the City of Paris is sure to experience an economic boost thanks to tourism and a number of new businesses popping up, multiple international companies are also bound to be positively impacted by the 2024 Paris Olympics. In this guide, we examine 5 stocks to feel strong post-Paris Olympics impact 2024 to invest in on eToro.
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5 Stocks to Feel Strong Post-Paris Olympics Impact 2024
The Paris 2024 Olympics are expected to leave a positive impact on various economic sectors, benefiting a number of companies and creating potentially lucrative investment opportunities. Here are the 5 best Olympic stocks to buy after the Paris Olympic Games 2024:
- Comcast (NASDA: CMCSA);
- Nike (NYSE: NKE);
- Orange (FR:ORA);
- Accor (EP: AC);
- DraftKings (NASDAQ: DKNG).
1. Comcast (CMCSA)
Comcast has a strong streaming deal with the Paris 2024 Olympic Games, and in addition to a varied lineup of various shows, it also enjoys a number of sponsorships set to enhance its near-term prospects.
Your capital is at risk.
Comcast stock price now
2. Nike
Footwear and athletic apparel companies are always bound to profit from a widely televised sports event, and Nike is getting ready to make the most of the Olympics. It is true the company has been struggling, but it’s also been making some steps to give its brand some juice during the Olympics, showcasing Pegasus Premium apparel line and signing various partnership deals.
Your capital is at risk.
Nike stock price now
3. Orange
Orange SA is a leading French telecommunications company as well as a premium partner and official supplier of the Paris 2024 Olympic Games. As such, Orange is the sole service provider delivering live coverage to billions of viewers globally, connecting 878 sporting events, 120 official venues, and 15,000 athletes.
Your capital is at risk.
Orange stock price now
4. Accor
Accor is a global hospitality company franchising hotels and resorts. It is also one of the premium partners of the Paris 2024 Olympic and Paralympic Games. As a leading hotel operator, Accor will accommodate athletes in 16,000 rooms across two villages. Additionally, Accor will welcome guests at its 1,700 hotels in Paris and the rest of France.
Your capital is at risk.
Accor stock price now
5. DraftKings
DraftKings (DKNG) plays a pivotal role in the burgeoning online betting industry, operating in more than half of US states and showing significant growth potential as betting on the Paris Olympic events continues.
Your capital is at risk.
DraftKings stock price now
Where to buy Olympic stocks?
All stocks on our list above are available for purchase on a number of online trading platforms. Our recommended platform for stock trading is eToro, a major brokerage with millions of active daily users and useful trading features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- Charting tools;
- The option to purchase fractional shares.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Conclusion
The 2024 Summer Olympic Games are a prime opportunity for companies to promote their brands and reach a global audience. Consequently, investors looking to capitalize on the hype surrounding the Games might want to consider adding some stocks to feel strong post-Paris Olympics impact to their portfolios.
While there is no guarantee that the Games will be sufficient to uplift any of the stocks we mentioned, they are worth keeping an eye on in the days and weeks following the competition, as increased brand recognition and sponsorship deals are known to up stock prices.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about the 5 stocks to feel strong post-Paris Olympics impact 2024
What are the 5 Stocks to feel strong post-Paris Olympics impact 2024?
The 5 best Olympic stocks to buy after the Paris Olympic Games 2024 likely include Comcast (NASDA: CMCSA), Nike (NYSE: NKE), Orange (FR:ORA), Accor (EP: AC), and DraftKings (NASDAQ: DKNG).
Where can you buy Olympic stocks?
You can buy Olympic stocks on investment platforms such as eToro.
Which companies are expected to profit from the Paris 2024 Olympics?
A number of companies are anticipated to benefit from the Paris 2024 Olympics, including Comcast (NASDA: CMCSA), Nike (NYSE: NKE), Orange (FR:ORA), Accor (EP: AC), and DraftKings (NASDAQ: DKNG).
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
