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Bill Gross: Equity Analyst?

The fixed-income guru has recently weighed in with stock recommendations. Should you take his advice? Chances are, you already have.

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Bill Gross saved the best for last during his keynote address at this year's Morningstar Investment Conference.

Early in his talk, the PIMCO chief pointed out that, as the tailwind provided by the Fed's aggressively accommodative monetary stance subsides, stocks will be left to suffer the slings and arrows of rising real interest rates, as well as the higher inflation that Gross (among many others) thinks the Fed may be engineering to help the U.S. inflate its way out of debt.

Yet, on their own or not, some companies--and the funds that invest in them--wouldn't merely survive that double whammy; they and their investors could thrive. Near the end of his talk, Gross--who manages nearly $250 billion in fixed-income assets at  PIMCO Total Return (PTTAX) alone--turned equity analyst, calling out a clutch of companies that he thinks could fare well amid the coming quantitative unease.

Shannon Zimmerman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.