Shoppers invent an hypersensitive reaction to GRANOLAS after ASML, LVMH downturns
Printed:
Europe’s acknowledge to the Wonderful-attempting Seven is leaving worthy to be desired after two of the continent’s finest companies, ASML Conserving and LVMH Moet Hennessy, disillusioned investors.
Goldman Sachs first debuted the GRANOLAS acronym — standing for GSK GSK, Roche, ASML ASML, Nestle, Novartis NVS, Novo Nordisk NVO, L’Oreal, LVMH, AstraZeneca AZN, SAP SAP and Sanofi SNY — in 2020, and in February highlighted what it stated modified into once solid earnings progress, low volatility, high & accurate margins, and solid steadiness sheets.
In regards to the Author
Steven Goldstein relies mostly in London and liable for MarketWatch’s protection of economic markets in Europe, with a explicit specialise in global macro and commodities. Previously, he modified into once Washington bureau chief, directing MarketWatch’s economic, political and regulatory protection. Apply Steve on Twitter: @MKTWgoldstein.
