Mixed performance among GRANOLAS stocks, with technology companies leading and LVMH struggling in China

From Morningstar: 2024-08-12 10:51:00

Goldman Sachs analysts coined the term GRANOLAS in 2020 to describe European shares of eleven large companies, including Novo Nordisk and LVMH. While technology companies like SAP boosted performance, pharmaceuticals like Novo Nordisk led in weight loss drug innovation. AstraZeneca outperformed GlaxoSmithKline, and LVMH struggled due to China’s luxury market slowdown. Defense and banking sectors show positive prospects outside GRANOLAS.



Read more at Morningstar: Amid Mixed GRANOLAS Performance, Fund Managers Look…