Diamonds and Dogs

3/10/21

Adidas (ADDYY) pushing digital sales. German sportswear maker is up 6% not far from all-time highs following strong earnings. Adidas wants to double its ecommerce business by 2025 and make most of its products more sustainable as part of a new strategy aimed at lifting profitability closer to that of rival Nike.

Profit-taking in GE (GE). After a 100% run up in the last six months, GE is lower by 5% after agreeing to sell their air leasing unit for $30 billion. GE also reiterated guidance for the year and announced an 8 for 1 reverse split.

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