Microsoft Corp. (MSFT) is a broad-based technology provider, offering software products, services, and devices to both enterprise and individual customers. They also design, manufacture, and market hardware products such as PCs,

Billionaire "bond king" Bill Gross told investors to avoid tech stocks and stick to value stocks. Microsoft is the only buy if investors must dabble in the tech sector, he said. Gross also questioned the rationale for owning bonds. Yields spiked Thursday after the GDP report.

Bill Gross has made a lot of money investing in fixed income. He co-founded the investment management firm Pimco, where he became one of the top bond fund managers. Forbes states that Gross, known as the "Bond King," is worth about $1.7 billion.

Billionaire investor Bill Gross has advised investors to steer clear of tech stocks despite Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) “spectacular quarters.” What Happened: Gross,

Bill Gross offered some advice to investors as Treasuries and equities slumped Thursday after some worrisome US economic data: “Stick to value stocks, avoid tech for now.”Most Read from BloombergUS Economy Slows and Inflation Jumps,

Here are seven dividend-paying stocks that can generate over $15,000 a year in passive income for an investment of $25,000 in each one.

The combination of these two data points has caused bond veteran Bill Gross to make the argument that the "pivot party" (a term coined by Emily Roland of John Hancock Investment Management) has ended.