Why should I trade Adidas stocks?

Adidas is one of the top global athletic apparel brands, competing with the likes of Nike and Under Armour. In the five years leading up to the 2020 COVID pandemic stocks returned a healthy 260% and the stock is well worth keeping on your trading radar for new trading opportunities. The company has a strong growth plan, which should continue to boost stocks, especially since Adidas caters to the active lifestyle, and this trend is not likely to go away. As of late 2020 the stock is still recovering from the COVID-19 pandemic, and should make good gains as global economies reopen and consumers return to stores.

Is Adidas the best company to trade in the athletic apparel category?

The German firm Adidas competes on the global stage in the active athletic apparel category with Nike and Under Armour, among others. Its brands Adidas and Reebok have become increasingly popular in recent years as the company has embarked on an aggressive growth strategy that’s been quite successful. Adidas has also been successful in increasing its ecommerce sales, which was especially useful for the company during the 2020 coronavirus pandemic. In terms of stock strength Adidas is a good stock for trading, as are both its main competitors. New product launches can be a particularly good time to trade volatility in the stock.

What’s the best strategy for trading Adidas?

Adidas stocks can be traded directly through a broker, but a better strategy is to trade them using CFDs at AvaTrade. When trading via CFDs there are no trading commissions to drag down your performance, and rather than taking ownership of the stocks you trade strictly on the price movement of the stock. In addition, CFDs also allow a trader to go short the stock just as easily as going long, without worrying about any rules and regulations regarding the short sale of stock stocks.