Is adidas a great buy now? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Adidas is a German sportswear company and it tends to have a very strong time of the year between March 12 and April 27. The average return over the last 22 years has been an impressive +10.09%. The largest profit was in 2000 with a gain of +11.31% and the maximal gain during that period was a very large +39.03%. There have only been losses in 2 of those 22 years during that period.

Is now a great time to buy in anticipation of March gains on global recovery hopes on vaccine optimism? Or is it best to wait until mid-March for buyers?

Trade Risks:

The main risk to this trade is from any risk off trading on global growth weakness.
Any sharp rise in COVID-19 cases in Europe will invalidate this outlook.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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