Key PointsAfter the market sold off on disappointing Fed announcements, some of the market's most valuable brands also became bargains.With double-digit upside ahead of them, according to analysts, investors need to add these to a watchlist soon. If the Fed does decide to cut rates in September, these names would make for a massive rally opportunity.5 stocks we like better than adidasMarkets were scared to wake up to the Federal Reserve (the Fed) pulling the rug. After pricing in the proposed interest rate ...

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.Shares of Adidas jumped 6.3% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter. The German sportswear company said that it now expects currency-neutral revenues to increase at a mid-to high-single-digit rate in full-year 2024, compared with a previous projection of growth near a mid-single-digit rate.Operating profit for the year is now ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Adidas has barred German fans from customizing soccer jerseys with the number 44 after concerns that the figures resembled the World War II-era Nazi SS symbol.The German Football Association’s font used on the customizable jerseys on Adidas’ website makes the digit “44” look like the two lightning bolt-like designs featured in the flag of the Schutzstaffel, more commonly known as the SS — the major paramilitary organization under Adolf Hitler.German historian Michael König drew attention to the shirt’s dubi ...

ilbusca Overview My recommendation for adidas (OTCQX:ADDYY) is a buy rating, as I have gained a lot of confidence in the current management's ability to execute and deliver. Although regional performance on a headline basis seems poor, my view is that they are actually showing very strong signs of improvement that should start to be more apparent in the coming quarters. With growth recovering and a clear path to EBITDA margin expansion, valuation should continue to see support at 18.5x forward EBITDA. Note ...

Adidas posted its first annual loss in more than three decades on Wednesday, and warned that US sales will drop this year as the German sportswear giant continues selling off its remaining Yeezy inventory.For 2023, Adidas posted a $63.4 million net loss, its first since 1992, MSN earlier reported. In 2024, currency-neutral sales in North America are expected to decline to a mid-single-digit rate, around 5%, over “macroeconomic challenges and geopolitical tensions,” the company said in its earnings outlook.A ...

Adidas AG (OTCQX:ADDYY) shares fell sharply after the sportswear group reported its first annual loss since 1992. The German giant posted a full-year net loss of €58 million as revenues declined 5% to €21.4 billion, though were flat on a currency-neutral basis.  Loss of sales from the cancelled Yeezy partnership with Kanye West hit revenues. In the final quarter of 2023, footwear sales grew by 8% while apparel sales fell by 13%, leaving currency natural sales down 2%. However, Adidas expects an improvement ...

Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory.Currency-neutral sales in North America are expected to decline to a mid-single-digit rate in 2024, but are projected to notch mid-single-digit growth worldwide despite persistent "macroeconomic challenges and geopolitical tensions," the company said.Adidas confirmed its 2023 operating profit came in at 268 million euros ($292.9 mi ...

AI has become a buzzy topic recently across many industries, but it’s been used by sneakerheads for years in the form of “bots.” These bots help customers quickly purchase sought-after shoes that are released in limited quantities, often to resell them for a profit on the secondary market. They do this, in part, by enabling buyers to create multiple accounts and improve their chances of not only getting a pair of coveted shoes, but getting many pairs. See... Master your money. Subscribe to MarketWatch. ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...