The post 3 stocks poised to thrive during Paris Olympics 2024 appeared on BitcoinEthereumNews.com.

As the world remains glued to the ongoing Olympic Games in Paris, France, several brands are strategically positioning themselves to capitalize on this event’s global exposure.  Notably, companies from different sectors have already unveiled themselves as sponsors of the games. This exposure will likely drive substantial consumer engagement, an aspect that can potentially impact their respective stocks. Here are three stocks with the potential to benefit from the global event: LVMH Moet Hennessy Louis Vuitton SE (OTCPK: LVMHF) For the first time, luxury conglomerate LVMH (OTCPK: LVMHF) is investing significantly in the Olympics. The company’s involvement includes designing the Olympic torch and medals, sponsoring athletes like gymnast Mélanie de Jesus dos Santos, and showcasing its brands during the Opening Ceremony. LVMH’s extensive involvement will potentially elevate its brand visibility among a global audience. This exposure can attract new customers and reinforce its luxury image, likely boosting sales across its various brands. The association with the Olympics can also enhance LVMH’s appeal to aspirational luxury consumers, driving long-term growth. A review of the luxury company’s stock shows it has traded in the red across 2024, currently trading at $654, down almost 10% for the year. LVMH six-month stock chart. Source: ChartMill Delta Air Lines (NYSE: DAL) Delta Air Lines (NYSE: DAL), another prominent sponsor, is poised to benefit from its extensive involvement in the Paris Olympics. As the official airline of the games, Delta is likely to see a surge in international travel and increased brand visibility. The Olympics will likely lead to a substantial increase in passenger traffic, boosting Delta’s revenue from ticket sales and ancillary services. The heightened visibility and premium service offerings showcased during the Games can also enhance customer loyalty and attract new customers, strengthening the airline’s market position. Throughout 2024, DAL has recorded positive momentum, with…

---

Filed under: News - @ July 30, 2024 3:20 am