ASML: Raising FV Estimate But Cyclical, Technical Risks Apparent
ASMLASML Holding(ASML) Seeking Alpha·2024-08-26 21:31
Pixelbizz/iStock Editorial via Getty Images The European GRANOLAS stocks were strong performers in 2023 and through much of this year. The group, made up of GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L’Oreal, LVMH, AstraZeneca, SAP and Sanofi, is akin to the USA’s Magnificent Seven. The parallel isn’t perfect, but they are primarily high-growth large-caps that have rewarded investors over the past few years. I’m going to focus on ASML (NASDAQ:ASML) today. I reiterate a hold rating given its growt ...