Adidas, Puma stand to gain as German consumers boost economy, Barron’s says

Germany’s economy, Europe’s largest, is considerably better than it was just a few months ago, Brian Swint writes in this week’s edition of Barron’s. Consumers lifted spending after saving through the pandemic, accounting for most of the strength in the period. Gas prices retreated, alleviating the crunch on industry, and the country scrambled to maximize gas storage for the winter. Swint believes some beaten-down consumer-goods might be worth a look, such as Adidas (ADDYY), Puma (PMMAF). Reference Link