Photo: Bloomberg TV
Barron’s just published its 2012 Midyear Roundtable, which is featured as the cover story to this week’s print edition.One of the participants was PIMCO’s Bill Gross, a bond guy.
Interestingly, Gross offers two stock picks in the piece:
- Siemens (SI)
- Sanofi (SNY)
You wouldn’t expect much less from a fixed income guy. Here’s Gross’ explanation from Barron’s:
Among stocks, we like companies with safe, predictable cash flows that can diversify sales globally and thus cushion profits, and that yield about 3%. Siemens [SI] is a great way to prepare for a euro-land rebound. It is Germany’s GE. It yields close to 5%. Sanofi [SNY], a global pharmaceutical company based in France, trades for eight times earnings and yields 5%.