Time for Adidas buyers?
The sportswear company Adidas is entering into a strong time of year where it tends to see seasonal gains. Over the last 15-years Adidas has risen 12 times between March 23 and April 22. The average return over the last 15 years has been +5.71%. The maximum profit was +18.67% in 2009. There have been 3 losses in the last 15 years with the largest being -5.79% in 2013.
- There is a risk that investors consider equity markets overbought and that could see a correction. It is hard to know when that correction will come, but investors need to be aware of the potential risk.
- There is a risk that further slowdowns in the EU vaccine roll out drag on German stocks and pressure them lower.