The 11 GRANOLAS stocks power Europe to record highs, drawing Magnificent Seven comparisons
Publishing timestamp: 2024-02-27 03:54:38
Summary
Goldman Sachs highlighted the dominance of a group of European stocks called GRANOLAS, which have been driving the continent's stock markets to record highs. These stocks exhibit qualities expected to thrive in the current cycle and are compared to the "Magnificent Seven" U.S. tech giants. While concerns about concentration risk exist, some analysts believe the diverse sectors represented in the group may provide some insulation.
Sentiment: NEUTRAL
Tickers: NES.N-CH, ASML-NL, .STOXX, ROG-CH, MC-FR, AZN-GB, GS, NOVO.B-DK, GSK-GB, SAN-FR, NOV.N-CH, OR-FR,
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