Billionaire 'Bond King' Bill Gross recommends 4 defensive investments for a bull market he sees losing steam [Yahoo! Finance]
Allete, Inc. (ALE)
Last allete, inc. earnings: 2/13 06:30 am
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Source: Yahoo! Finance
He recommends that investors reposition toward defensive and high-yielding stocks. His favorite investments at the moment include MLP pipelines and municipal income funds. Though this year's record-beating stock rally continues to impress Wall Street, billionaire investor Bill Gross isn't so sure the bull market will maintain its hot pace for much longer. According to the so-called Bond King's latest note , investors should reposition toward defensive and higher-yielding stocks as momentum winds down. He also recommended low exposure to fixed income, having previously criticized current Treasury conditions. "No bear market, but it's not the same bull market anymore," Gross said, adding that equities are set for "low buy positive" returns going forward. Gross also listed four of his favorite investments at present time: The first is Allete an electric-service company that has risen 5% year-to-date. It's a buyout with 10% upside over the next 12 months, he said. Gross als
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ALE
News
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- ALLETE, Inc. (NYSE: ALE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
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ALE
Earnings
- 5/9/24 - Miss
ALE
Sec Filings
- 12/19/24 - Form 8-K
- 10/30/24 - Form 10-Q
- ALE's page on the SEC website