Billionaire 'bond king' Bill Gross tells investors to avoid tech and stick to value stocks [Yahoo! Finance]
Western Midstream Partners, LP Common Units Representing Limited Partner Interests (WES)
Last western midstream partners, lp common units representing limited partner interests earnings: 2/27 04:05 pm
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Source: Yahoo! Finance
Gross also questioned the rationale for owning bonds. Yields spiked Thursday after the GDP report. Bill Gross says investors should avoid tech stocks. In a post on X , the "bond king" said, "Stick to value stocks, avoid tech for now." His message comes as a weaker-than-expected GDP report also showed that consumer prices remained high in the first quarter. Bond yields jumped on the data, and the tech sector dropped, with the Nasdaq Composite down more than 1% Thursday afternoon. Gross said that if investors have to dabble in tech, go with Microsoft: "MSFT best in tech if you must." Expectations for the tech titan's earnings after the bell on Thursday are high as Wall Street eyes momentum in its Azure, Copilot, and office 365 units Gross also questioned owning bonds, with the 10-year above 4.7% on Thursday after the GDP report. The billionaire investor said he owns stock in Western Midstream Partners and energy infrastructure firm MPLX. Bill Gross has been cool on the
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WES
News
- Bill Gross: Western Midstream Partners, LP is the best pipeline MLP [Seeking Alpha]Seeking Alpha
- This Billionaire Is Pounding the Table For These Ultra-High-Yield Dividend Stocks [Yahoo! Finance]Yahoo! Finance
- Are You Looking for a Top Momentum Pick? Why Western Midstream (WES) is a Great Choice [Yahoo! Finance]Yahoo! Finance
- WESTERN MIDSTREAM ANNOUNCES FIRST-QUARTER 2024 DISTRIBUTION AND EARNINGS CONFERENCE CALLPR Newswire
- Williams downgraded, Western Midstream raised at Mizuho in pipeline rating switch [Seeking Alpha]Seeking Alpha
WES
Earnings
- 2/21/24 - Miss
WES
Sec Filings
- 3/6/24 - Form 4
- 3/1/24 - Form 4
- 2/29/24 - Form 4
- WES's page on the SEC website