The Justin Timberlake-Kate Hudson Stock Index

Among the latest rumored celebrity romances to make the gossip rounds is the suggestion that Justin Timberlake, a pop singer with one Emmy and six Grammy awards, and Kate Hudson, a leading actor who has been nominated for an Oscar, are an item. The New York Post speculated over the weekend that the two have been dating secretly for a year, though reps for both denied any romance, according to the paper.

Both Timberlake and Hudson are connected to several publicly-traded companies, either through his celebrity endorsements or her film acting roles, and Stockpickr has compiled a sampling of them in the Kate Hudson and Justin Timberlake Celebrity Merger Stock Index.

Kate Hudson has starred in more than a dozen films, including How to Lose a Guy in 10 Days, a 2003 romantic comedy that grossed more than $175 million worldwide. The film was distributed by Paramount Pictures, which is owned by Viacom (VIA-B Quote - Cramer on VIA-B - Stock Picks). The stock has a trailing price-to-earnings (P/E) ratio of 16.6 and a P/E-to-growth (PEG) ratio of 1.3.

In 2006, she starred in You, Me and Dupree, which grossed more than $20 million on its opening weekend. The movie was distributed by Universal Studios, which is owned by General Electric (GE Quote - Cramer on GE - Stock Picks). GE offers a P/E ratio of 15.6, a PEG of 1.3 and a yield of 3.7%.

Her latest movie, Fool's Gold, is an adventure romance film from Warner Brothers that has grossed more than $54 million since opening Feb. 8. Warner is owned by Time Warner (TWX Quote - Cramer on TWX - Stock Picks), which sports a P/E of 14, a PEG of 1.1 and a yield of 1.5%.

Justin Timberlake has been successful as a celebrity endorser, including appearing in a new television commercial for Pepsi (PEP Quote - Cramer on PEP - Stock Picks). Shares of the soft drink company offer a P/E of 21, a PEG of 1.8 and a yield of 2.1%.

He has also represented McDonald's (MCD Quote - Cramer on MCD - Stock Picks), reportedly receiving $6 million to promote the new "I'm Lovin' It" motto for the burger chain. The company has a P/E ratio of 28.5, a PEG of 1.9 and a yield of 2.7%.

His latest studio album, FutureSex/LoveSounds, is distributed on the Jive label, which is part of Zomba Label Group, itself a division of Sony BMG Music Entertainment. Sony BMG is half owned by the large entertainment conglomerate Sony (SNE Quote - Cramer on SNE - Stock Picks). Sony's ADR shares offer a P/E of 20, a PEG of 1.1 and a small yield of 0.4%.

Even if Justin and Kate's rumored merger doesn't pan out, perhaps some of their affiliated stocks will. The Kate Hudson and Justin Timberlake Celebrity Merger Stock Index can be tracked at Stockpickr.com.