Better Buy: Nike vs. Adidas
Nike (NYSE: NKE) and Adidas (OTC: ADDYY) both underperformed the market in 2022 as inflation and other macro headwinds curbed consumer spending on discretionary products. Nike's stock declined about 30% over the past year, while Adidas' stock tumbled more than 50%.
But could those steep declines actually represent good buying opportunities for investors who can tune out the near-term noise? Let's take a closer look at both athletic footwear and apparel giants to decide.
Image source: Getty Images.
Source Fool.com
