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.

Learn more about HYCM

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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