Nancy
I have decided to buy shares of the Adidas AG (ADS.DE) stock. The stock is currently up 2.15 % ($104.60) from its previous close ($102.90). Adidas is a German shoe, clothing, and apparel company that owns Reebok, Taylor Made, and Rockport. Adidas is the largest sportswear company in Europe and the second largest sportswear company in the world. Adidas creates apparel for several different sports including soccer, basketball, running, tennis, golf, and hockey. The Adidas stock has increased throughout the last few months. In the last three month, the stock has risen from $87 to about $105. In the last year, the stock has risen from $74 to $105. According to Fool, the Adidas stock will continue to rise and is projected to increase 12% by the end of the year. The stock will increase due to Adidas’ recent “collaborations with Kanye West on the Yeezy line of shoes and with Pharrell Williams on a redesign of the classic Superstar shoe” (Bowman). By sponsoring some of the best hip hop stars, Adidas will grow in popularity and expand its company to the fans of these stars.
Bowman, Jeremy. "Better Buy: Under Armour Inc. vs. Adidas -- The Motley Fool." The Motley Fool. N.p., n.d. Web. 03 Apr. 2016.
I give this a grade of 100. I like how she describes what Adidas is and how she talks about how the stock has increased over the past few months. I agree with Nancy's research because I think that by Adidas sponsoring the best hip hop stars, I feel that this stock will continue to grow. I play sports and I will continue to shop at Adidas considering they are sponsoring all of these famous celebrities and all of the collaborations they are in. This is why I would shop at Adidas over Nike, and why I feel the stock will increase. Nancy did a very good job with this blog post. :)
ReplyDeleteChelsea Filippi