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Barchart
Barchart
Pathikrit Bose

Want to Invest Like Billionaire Bill Gross? 3 Income Stocks to Buy Now.

Bill Gross Verizon VZ ATT Wes Western Midstream Partners

One can gauge the level of uncertainty in the market when a man who made his first fortune by winning at blackjack is advocating for safe stocks. Bill Gross, the billionaire founder of Pacific Investment Management Co. (PIMCO), and the one who made active trading in bonds mainstream, is “staying away” from the AI names that have defined market returns in recent years.

Sounding cautious about the AI trade, Gross remarked, "Maybe it’s not a single elimination game but it feels like it. I'm staying away." Instead, the “Bond King” is finding value in names that have a long track record of navigating several market cycles, operate stable businesses, and have a history of paying dividends.

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