MMP - Bill Gross sees SPACs growth stocks struggling in 2021 likes natgas pipelines

With the backdrop of lower-for-longer interest rates, growth stocks, SPACs and the "Teslas of 2020 may struggle to please day-trading Robinhoods," writes  Bill Gross in his January 2021 investment outlook.A lot of the market's appreciation over the past two years, especially for growth stocks, can be attributed to lower real interest rates, he said.His favorite market sector is the natural gas pipeline group "with yields between 9% and 12% for investment grade stocks with certain tax advantages."Gross suggests looking at Magellan Midstream Partners ([[MMP]] +6.7%), BP Midstream Partners ([[BPMP]] +4.6%), and Enterprise Products Partners ([[EPD]] +5.3%).As for Tesla ([[TSLA]] +1.4%) itself: "It's definitely overvalued."Laurentian Research calls MMP a "high-yield wide-moat income opportunity."

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Bill Gross sees SPACs, growth stocks struggling in 2021, likes natgas pipelines