Meet the 'Granolas': 11 European stocks thriving amid slow growth and matching U.S. tech returns
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Goldman Sachs coined the term "Granolas" for 11 fast-growing European stocks like Nestle and Roche that have matched the returns of the "Magnificent 7" U.S. tech giants.
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The Granolas make up 60% of gains in the Europe-wide STOXX 600 index and thrive despite Europe's weak growth, as they come from sectors like pharma and luxury retail.
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Granolas may offer steadier gains than the U.S.'s Magnificent 7, which some warn are overhyped and facing an AI bubble.
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Risks for Granolas include U.S. tariffs if Trump returns, slowing China consumer spending, and their grouping being mainly a marketing ploy.
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Granolas' success boosting European stocks despite flat growth earned them the "crunch" to complement Europe's reputation as an industrial laggard.