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The rebound in outdoor individual sports activities and team sports has accelerated the demand for sportswear and athletic gear this year. In fact, an increased focus on activities such as home workouts, running, yoga, and Pilates have motivated consumers to buy more sports and wellness-related products. Increasing health awareness and the growing popularity of athleisure should bolster the demand for products offered by sporting giants NKE and ADDYY. Given their continued innovation and seamless marketplace operations, we believe both companies have plenty of room to grow.
Over the past year, NKE has gained 55.6%, while ADDYY has returned 49.8%. In terms of past their three-month’s performance, ADDYY is the clear winner with 0.8% gains versus NKE’s negative returns. But which of these stocks is a better pick now? Let’s find out.
