Data from Deutsche Bank and CNBC reveal that the 'Magnificent Seven' US stocks and the 'GRANOLAS' European stocks are dominating their respective markets, surpassing the market caps of many countries. The Magnificent Seven's combined market cap alone would rank as the second-largest country stock exchange globally, double that of Japan in fourth place.
A healthier option than the Magnificent 7? Meet Europe’s ‘Granolas’ https://t.co/61suWCTheH via @CNNBusiness
Europe has its own version of the Magnificent Seven called The Granolas They've dominated the Stoxx 600, making up 50% of its gains over the last 12 months The companies: GSK, Roche, ASML, Nestlé, Novartis, Novo Nordisk, L'Oréal, LVMH, AstraZeneca, SAP, Sanofi https://t.co/UTxByAEGQk
Did you know that Europe has their own Mag 7? 1/ Dubbed the “Granolas” by Goldman Sachs in 2020, this basket was chosen because it echoed themes present amongst the Mag 7 (then called “FAAMG”). • Market leaders • Outperformed the index • Earnings power outpaced peers https://t.co/Wg0JOWPkDS
The Magnificent 7′s combined market cap alone would make it the second-largest country stock exchange in the world, double that of Japan in fourth, per Deutsche Bank.
The Magnificent Seven stocks are propelling US equity indices to unprecedented concentrations. Yet, as 2024 unfolds, questions loom: Will the megacap dominance persist? What could potentially burst the megacap bubble? Read our latest analysis: https://t.co/RcmgRMYXg7
The 11 GRANOLAS stocks power Europe to record highs, drawing Magnificent Seven comparisons https://t.co/mUIGvzsfof
Europe’s equivalent to the US’s Magnificent Seven are the GRANOLAS — GS Research’s term for 11 of the largest companies on European indices. What share of the STOXX 600’s market cap do the GRANOLAS make up? Subscribe to Briefings for more insights: https://t.co/2iTIQ9Beuh…
The magnificent 7 US stocks profits now exceed almost every country in the world, per CNBC.
Data gathered by @DeutscheBank show that “Mag7” stocks are now bigger than average country (when looking at profit ordered by market cap) https://t.co/j1dcwzz4ho