Goldman's 'GRANOLAS' Outpace Famed 'Magnificent Seven', But Can Europe's Top Stocks Stay on Top?
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The "GRANOLAS" are a group of 11 top-performing European stocks that Goldman Sachs identified, including big names like Nestle, Roche, and L'Oreal.
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Over the past 2 years, the GRANOLAS outperformed even the high-flying American "Magnificent Seven" stocks like Apple and Amazon.
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However, history shows that trailing stock performance does not guarantee future outperformance, as star performers eventually fall back down.
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The GRANOLAS and Magnificent Seven are currently overvalued, so likely won't keep outperforming long-term.
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Since future top performers are hard to predict, broad index funds are a safer bet than betting on "hot" stock groupings.