"Bond King" Gross: Avoiding Certain "Elite" Stocks, Including Oracle, Microsoft, and IBM
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Gross listed Oracle, Microsoft, and IBM as part of the group that is being "rapidly eliminated." "Maybe it's not a single-elimination tournament, but it sure feels like one," wrote the Pimco co-founder. "I'm staying away from them." Gross stated that traders should "be content with single-digit returns," and mentioned Western Midstream Partners, Verizon Communications, and AT&T.
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