Look beyond the Magnificent 7 to the GRANOLAS - Goldman

seekingalpha03-25

Investors looking to diversify from U.S. large-cap stocks should look to the top performers in Europe, according to Goldman Sachs. Chief Global Equity Strategist Peter Oppenheimer and team recommend ...

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Chief Global Equity Strategist Peter Oppenheimer and team recommend ...</p>\n\n<a href=\"https://seekingalpha.com/news/4083137-look-beyond-the-magnificent-7-to-the-granolas-goldman\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Look beyond the Magnificent 7 to the GRANOLAS - Goldman</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLook beyond the Magnificent 7 to the GRANOLAS - Goldman\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-25 01:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4083137-look-beyond-the-magnificent-7-to-the-granolas-goldman><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors looking to diversify from U.S. large-cap stocks should look to the top performers in Europe, according to Goldman Sachs. Chief Global Equity Strategist Peter Oppenheimer and team recommend ...</p>\n\n<a href=\"https://seekingalpha.com/news/4083137-look-beyond-the-magnificent-7-to-the-granolas-goldman\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MNQ","symbol_name":"微型NQ100指数","start_time":0,"source_url":"https://seekingalpha.com/news/4083137-look-beyond-the-magnificent-7-to-the-granolas-goldman","article_id":"2422130850","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1358875982/image_1358875982.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422130850","pubTimestamp":1711301890,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Investors looking to diversify from U.S. large-cap stocks should look to the top performers in Europe, according to Goldman Sachs. 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Chief Global Equity Strategist Peter Oppenheimer and team recommend going long the GRANOLAS, a group comparable to the Magnificent 7 in driving broader market returns. While the Mag 7 is tech heave - Apple (AAPL), Amazon (AMZN), Alphabet (GOOG) (GOOGL), Meta (META), Microsoft (MSFT), Nvidia (NVDA), Tesla (TSLA) - the GRANOLAS have a non-tech bias. They are GSK (NYSE:GSK), Roche (OTCQX:RHHBY), ASML (NASDAQ:ASML), Nestle (OTCPK:NSRGY), Novartis (NYSE:NVS), Novo Nordisk (NVO), L'Oreal (OTCPK:LRLCF), LVMH (OTCPK:LVMHF), AstraZeneca (NASDAQ:AZN), SAP (NYSE:SAP) and Sanofi (NASDAQ:SNY). For those looking to branch away from the S&P 500 (SP500) (SPY) (IVV) (VOO) they are among the least correlated with the index. \"The GRANOLAS trade on a similar valuation to the S&P 500 but with stronger (and perhaps more stable) growth,\" Oppenheimer said. The GRANOLAS are reinvesting at a high rate, which will allow them to compound earnings over time, he added. The last five years growth investment ratio (growth capex + R&D/cash flow from operations) of 55% for the group is close to that of the 59% for the Magnificent 7. Their market cap is 25% of the Stoxx 600 (STOXX) (OTC:DJXXF), while the Mag 7 is 22% of the S&P. Since June 2022 they have been responsible for 71% of the index's gains, 29% of gains in the past year and 40% of gains year to date. The GRANOLAS’ outperformance is \"even more impressive on a risk-adjusted basis,\" Oppeheimer said. \"The realized volatility of the GRANOLAS is on average 2x lower than for the Magnificent 7.\"  In addition, they \"can benefit from the structural shift towards passive investment\" as they \"tend to outperform when passive funds see more inflows than active.\"  More on the GRANOLAS  Sequoia Fund - SAP SE: We See A Clear Path To Enhanced Profitability ASML: Don't Be Fooled Into Buying Its Overvalued Shares Now What AstraZeneca Is Getting Through The Acquisition Of Fusion Pharmaceuticals MorphoSys gains after gaining U.S. antitrust approval for sale to Novartis World’s first pig-to-human kidney transplant performed in U.S","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2422130850"}