Bill GrossJanus
Billionaire investor Bill Gross advises steering clear of tech stocks and focusing on value stocks instead.
He singles out Microsoft as the only tech stock worth considering for investors.
Gross also raises doubts about the benefits of holding bonds, especially after a spike in yields following the GDP report.
Bill Gross emphasizes the importance of avoiding tech stocks.
In a recent statement, the renowned investor known as the “bond king” recommends prioritizing value stocks over tech investments.
His advice coincides with a disappointing GDP report that also highlights persistent high consumer prices in the first quarter. The bond market reacted to the data, causing tech stocks to decline, with the Nasdaq Composite dropping over 1% on Thursday.
Gross suggests that if investors must venture into tech, Microsoft is the top choice: ”MSFT is the best tech option if necessary.”
Anticipation is high for Microsoft’s earnings announcement after the market closes on Thursday, with a focus on the performance of its Azure, Copilot, and Office 365 divisions.
Gross also questions the wisdom of holding bonds, especially with the 10-year yield surpassing 4.7%…
2024-04-25 22:19:09
Originally published on finance.yahoo.com
