Citius, Altius, Fortius! The Olympic Games and Stock Markets

Citius, Altius, Fortius! The Olympic Games and Stock Markets By Adam Patterson With the XXXI Olympiad coming to a close in Rio de Janeiro, it's a good opportunity to take a look at the effect of the summer games on global – and host country – stock market performance during the Games and moving forward. There are a lot of common themes between the Olympic games and equity investment: both are strongly based around strategy, investment and narratives of winners and losers. Let's take this juxtaposition further and quickly examine the relationship  between the greatest show on earth and a potential recurring investment opportunity. Research shows that host country equities have historically seen rising prices during the Games as well as in the year following the closing ceremony. In an economic paper, Dick and Wang (2008) argued that, on average, local stock markets are positively affected by Olympic host announcements. The Games generate economic impacts via enhancing the international profile of the host country, leveraging tourism and FDI as well as the significant public and private investment in sporting, logistics and transport infrastructure (the Rio price tag is estimated at around R$ 40B BRL, ballooning almost 200,000% since the first modern Games were held in 1896)… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,854.46, a decrease of 14.50 points. The FTSE 250 fell 7.09 points to finish at 17,863.95. The FTSE All Share dropped 6.52 points to finish at 3,733.75. The FTSE AIM All Share finished at 786.22, up by 1.92 points. Shares in bookmaker William Hill (WMH) rose by 3.99% to 315.20p after Rank and 888 Holdings withdrew their takeover bid late last night. The company posted a statement after the markets closed where it also revealed that profits for the current financial year will be towards the upper end of the previously announced range of £250-280 million following a good start to the second half.  Get our August issue while it's hot! Click HERE to read. Digital audio specialist Immedia (IME) announced that its contract with Arcadia group will expire at the end of 2016, but reassured investors with the news that take-up of its SUBWAY radio services has been higher than expected and the board believes that this will accelerate in the future. The company is also in talks with a major UK retailer and expects to make an additional announcement soon. The shares climbed by 8.96% to 36.50p. Shares in AIM-listed electronics outfit 21st Century Technology (C21) plummeted by 31.58% to 1.63p after it said that the anticipated uptick in demand has not yet materialised. The company has won a major contract renewal from First Bus, which will remove a significant amount of uncertainty and allow a renewed focus on potential new deals. However, revenues for the current financial year are now expected to be lower than previously forecast, which will result in a significant pre-tax loss for 2016. Monday's news today  Wireless (WLG) will be released on Monday morning. Quote of the day "Winning isn't everything, but it beats anything in second place." - William C. Bryant Latest Stories Something for the Weekend – Brazil Reversed (Huge Gains) By Adrian Kempton-Cumber I expected the Rio 2016 opening ceremony to be a bit more Benny Hill than it was. Brazil is a country where gender stereotypes are revered… Click Here To Read The Full Story Chart of the Day: Centrica By Zak Mir As far as British Gas owner Centrica is concerned, it may be the case that the saying "don't get mad, get even" is the appropriate one. The question is whether getting even should involve going long of the shares?… Click Here To Read The Full Story The Evil Diaries: Phosphorus Bonds and William Hill By Evil Knievil Rather more than a year ago I here considered Phosphorus bonds. These were issued by that company which itself served as a holding company for Phones4U. Shortly after the £200m fundraise that very sum was sent up to its very own holding company BC Partners… Click Here To Read The Full Story Is an Oil Spike Coming? By Binary.com Team The general consensus on the street has been bearish on Crude since the US became a self-reliant energy producer and exporter. This, coupled with more energy-efficient vehicles may have subdued demand and brought oil prices down to multi-year lows (currently $49.00)... Click Here To Read The Full Story Chart of the day: Sound Energy By Zak Mir It would appear that Thomas Cook has been in the news for all the wrong and tragic reasons in the recent past, as the tourism industry was hurt by the ravages of terrorism… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. 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