Stifel chooses Adidas and other leading global stocks
Pedestrians walk past a large Adidas logo inside the German multinational sportswear store.
Miguel Candela | SOPA Pictures | LightRocket via Getty Images
american investment bank Stifel has added several companies to its list of “strongest conviction” global investment ideas.
Stifel has updated its list of stocks to buy after “deeper dives” from its analysts, and added several new stocks that it says will benefit from a post-pandemic economic reopening, federal stimulus and of exposure to China.
Its European picks include companies in the retail, infrastructure and chemicals industries, all of which have market capitalizations in excess of € 5 billion ($ 6.1 billion). They are expected to benefit from trends such as working from home, increased travel and a shift to digital services, analysts said in a May 27 note.
Here are the new stock picks listed on the purchase of Stifel: