On May 29th, Fidelity Funds published an article stating that the "Tech Seven Giants" have risen in the United States, creating a trend that has lifted many other stocks in the S&P 500 index (though not to the level of the seven giants) and increased the valuation of these stocks. Europe also has its own seven giants, known as the "Seven Wonders of Europe," which are Herms, Novo Nordisk, Siemens, LVMH, SAP, ASML, and Schneider Electric. Although the European giants, like their American counterparts, have outperformed the broader market, their performance is not as outstanding as the American giants. There are far more stocks in the S&P 500 index with a P/E ratio higher than 30 times than in the MSCI Europe index. In contrast, many stocks in the MSCI Europe index have a P/E ratio of less than 10 times. Of course, even if a stock has a low P/E ratio, it does not necessarily mean it offers good value. It could also mean that its profit cycle is overly inflated, cash flow is poor, or there are issues with its balance sheet. However, Fidelity Funds state that considering there are almost 200 companies in the market with a P/E ratio lower than 15 times, investors should be able to find many undervalued and fundamentally stable companies. Additionally, during a period of expected relatively tight monetary policy, these companies also have favorable conditions. These companies include cyclically consumer goods stocks that are relatively cheap and directly benefit from wage increases, as well as some major consumer goods companies belonging to the defensive stocks category. Some financial stocks also appear to be cheap and should be able to maintain profitability as long as interest rates do not decrease. Earnings per share for some tech stocks are also accelerating, but their valuations are still reasonable. Fidelity Funds believe that while following the mainstream and investing in stocks considered "giants" or "wonders" may seem reassuring, truly valuable stocks often require diligent exploration elsewhere.