Market Wrap - Stock pick — Adidas

Imtiaz Suliman from Sentio Capital chose Adidas as his stock pick of the day. "I'm going to be brave and go with a global consumer company - Adidas. The share price has come under quite considerable pressure in the last few weeks, down 45%. I think they still have a very good brand in the market and when thinks do open and start getting back to normal slowly they will benefit from that. They are also in a cost efficiency drive to increase their margins over time. The short term will be really tough but looking over a 12 - 18 month view they should do very well."