Here's why:
* Proper nouns refer to specific people, places, or things (e.g., John, Paris, Amazon). "Stereo" is a general term for a sound reproduction system.
* Pronouns replace nouns (e.g., he, she, it, they). "Stereo" doesn't replace any noun.
Common nouns are general words that refer to a category of things, people, or places. "Stereo" fits this definition because it refers to a type of audio system.