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Trading the Olympics: top sports stock

The 26th Summer Olympic Games are set to kick off in just over 24 hours.

Athletes from 205 countries will compete in 306 events across 42 sports disciplines in Rio de Janeiro, Brazil.

But the games aren't only for athletes and spectators.

While Olympians log hours in the gym, pool, or on the field, the games' sponsors vie for attention and traction on the world's biggest stage.

The Olympics are perhaps especially important for sports brands since it is a chance for the public to see the world's best athletes wearing the world's most sophisticated performance gear.

It's no surprise, then, that Nike, Under Armour, and Adidas are some of the biggest sponsors of this year's games.

The "Halftime Report" experts may not be making the podium in Rio, but they picked their own gold, silver, and bronze winners in the athletic apparel Olympic sponsorship showdown.

Trader disclosure: On August 4th, 2016 the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Halftime Report" were owned by the "Halftime Report" traders:

Pete Najarian: Long Stock: AAPL, BAC, BMY, CSCO,DIS, DISCA, GE, KMI.A, KMI, KO, LUX, MRK, PEP, PFE, VIAB. Long Calls: AAL, ABT, AKS, ANF, BSX, BZH, CHK, CIT, CNX, COP, DAL, DISH, DVN, FB, GILD, GPS, HALO,HOG, INTC, KGC, LLY, MCD, MPEL, MRO, MT, NEM, NGD, P, PG, PSX, SCHW, SLV, SLW,TMUS, TWTR, VLO, XLE, YELP. Puts: CS, EEM, MBLY, NLY

Jon Najarian: Long Calls AXL, CNX, DLPH, GLD,GPRO, HFC, HOG, HOLX, KATE, PAAS, MAS, MSFT, PSX, SLW, TASR, TJX, VLO, XON, YELP

Jim Lebenthal: Long AAPL, BA, C, CSCO, DCO, DIS, EEQ, GM, INTC, JCP, KMI, KMY, MPC, ORBC, PFE, QCOM, QRVO, SPLS, TIF, TRN, TWX, WGO

Joe Terranova: Long VRTS