“Bond King” Bill Gross of PIMCO remains high on stocks, saying that he sees the most values in European firms right now.

“The United States should grow faster than Europe,” Gross tells the Nightly Business Report. “It is just that the values and the prices have been discounted so substantially in Europe because of the problems with their banks and the potential bailouts of Greece and so on, that value is presenting itself.”

“In European consumer staples for instance, companies like Nestle and Dannon, they will do well even in a flat to down economy,” Gross adds. “These are companies and actually indexes in Europe where yields are twice what they are in the United States, 4 percent versus 2, and P/Es are much lower than here in the United States and so there is value outside of the United States in our view.”