Move Over, FAANGs. Goldman Unveils Europe’s ‘GRANOLAS’ Stocks

Goldman prefers firms with strong balance sheets, dividends
In Europe, strategists look at healthcare, consumer staples

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By Ksenia Galouchko

April 28, 2020 at 2:02 PM UTC

This article is for subscribers only.

Goldman Sachs Group Inc. strategists say that in Europe, the companies that can outperform during the next market cycle are firms with strong balance sheets, low volatility growth and good dividend yields. They’re dubbing them GRANOLAS.

The breakfasty acronym derives from the companies on Goldman’s list: GlaxoSmithKline Plc, Roche Holding AG, ASML Holding NV, Nestle SA, Novartis AG, Novo Nordisk A/S, L’Oreal SA, LVMH, AstraZeneca Plc, SAP SE and Sanoﬁ.