Together, their market capitalization is a breathtaking 2,600 billion euros, or close to 26,000 billion Swedish kronor. The eleven companies in Goldman Sachs’ European stock market muesli account for a quarter of the value of the entire European large company index STOXX 600.
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European stock muesli
The somewhat strange collective name Granolas was coined by the big bank 4 years ago, and includes eleven large European companies such as Danish Novo Nordisk, French L’Oréal and Swiss Nestlé. But Swedish AstraZeneca is also on the list.
The European large-cap index STOXX 600 has risen by 14 percent in the past year, happily outperforming the Stockholm Stock Exchange’s large-cap index OMXS30 at a 19 percent increase.
Swedish Astrazeneca disappointment after the pandemic
Unfortunately, it is not Swedish Astrazeneca that pulls any heavy loads. The Swedish share has not risen in value at all this year, and in dollar terms the share has fallen in value by one percent in the past year.
After the latest interim report presented on February 8, 2023 turned out to be a slightly worse year than expected, and the market turned a blind eye, according to The business world.
But during the pandemic, the company was one of the major vaccine producers in the world and one can understand why Goldman Sachs included them four years ago.
Novo Nordisk – the Danish wonder
Novo Nordisk, which among other things makes Danish diabetes medicine, has risen by 685 percent in the last 10 years.
The popularity among the biomedical company’s products has skyrocketed when it turned out that the medicine can be used for weight loss.
Semiconductors from Nvidia and European ASML
In the US, Nvidia’s semiconductors have led to an incredible stock market rally for the circuit board company.
Even European semiconductors, engineered by Dutch ASML, have had an unparalleled return of 1,429 percent over the past 10 years.
The luxury brand Louis Vitton
The luxury brand Louis Vuitton’s ownership company LVMH has an unparalleled return of a whopping 727 percent, on par with Novo Nordisk.
Deutsche Bank has listed five companies as particularly interesting in the coming years. It does not include any Swedish company.
Deutsche Bank buy lists five “müsliaktier”
The companies that have done the best in the last 10 years are Novo Nordisk (+685 percent), LVMH (+727 percent), ASML (+1429 percent), Nestle (+132 percent) and L’Oreal (+323 percent), according to Deutsche Bank .
Past stock market gains are no guarantee of future returns, but Deutsche Bank believes the five mueslia stocks will continue to carry the European economy.
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Here you get the highest and lowest savings rate – the entire list in 2024