When market concentration bites. Europe’s GRANOLAs offer a lesson for U.S. investors, says Goldman. - MarketWatch
1. Goldman Sachs analyzes the performance of Europe's GRANOLAS stocks, including GSK. 2. GRANOLAS stocks lag behind U.S. tech, with a 6% drop in P/E ratio. 3. Despite lower valuations, GRANOLAS earnings continue to grow faster than the market. 4. Potential catalysts include lower interest rates and improving consumer confidence in China.