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Compiling comments that experts make about stocks while on public TV.

Expert Index

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Stan Wong , Director of Wealth Management & Portfolio Manager

Private Wealth Management, ScotiaMcleod

Address
675 Cochrane Drive
Suite 115
Markham, ON
L3R 0B8

Contact Info
Telephone: 905-752-1996
Toll Free: 1-855-752-1996
Fax: 905-752-1995
Email:
Website: http://www.stanwong.com

Bio:

Stan Wong is one of Canada’s leading investment professionals. With over 17 years of experience, he provides industry leading wealth management and investment counsel to affluent families, small business owners and institutional clients in Canada. 
As a qualified and registered Portfolio Manager, Stan retains one of the highest levels of registration in the investment services industry. The Portfolio Manager title is a designation that requires a high level of academic achievement and success in the investment industry.
Stan recently joined ScotiaMcLeod as Director of Wealth Management & Portfolio Manager in January 2014. Prior to joining ScotiaMcLeod, Stan held senior positions at Macquarie Private Wealth and its predecessor firm. Stan has also worked at CIBC Wood Gundy and Merrill Lynch. Stan earned his Honours Bachelor of Arts degree in Economics from the University of Toronto in 1996. 
Today, Stan is also a frequent guest commentator on Business News Network (BNN) television, The Globe & Mail, Reuters and the Wall Street Journal.


Date Signal Chart Symbol Company Opinion Price
2015-08-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. It has been an interesting ride. Really hard to assess whether we have seen the market bottom. The last couple of days have really made us feel a little bit more confident. This has been a “made in China” correction. Who knows what kind of policy will come out that will either impress or “not impress” investors. There could be a retest of lows that investors should be aware of. Thinks the present bout of volatility is going to last days or weeks, rather than quarters or years. Doesn’t think we are going into a prolonged correction, certainly not a bear market. He has been taking the opportunity of buying some large cap names that he has been watching for some time. Really impressed with how cheap they became. Had about 15%-20% cash and as of today is down to about 10%-15%, still a high cash component, to take advantage of any possibilities that still may come.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-27 DON'T BUY Must be logged in to use chart BABA-N Alibaba Group Holding

Charts look a bit negative. Price is below all the moving averages, the 50, 100 and the 200 day, and are trending lower. The reason is most likely because it is in China. Trading at 27X forward earnings with a 23% long-term growth rate, but that growth rate could be volatile given what is happening there.


Price:
$70.840
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-27 BUY Must be logged in to use chart BAC-N Bank of America

Just under the 200 day moving average. He likes it. A lot of its mortgage legacy and litigation issues are behind it, so that bodes well. The economy is getting better. Pretty cheap at .75 Price to BV.


Price:
$16.440
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-27 HOLD Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

He continues to like this company. One of the best management teams out there. Pays a decent dividend of 1.5%, which is probably going to grow by 5%-6% on a yearly basis. There is growth through its real estate and its different operations.


Price:
$42.210
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-08-27 PAST TOP PICK Must be logged in to use chart CPG-T Crescent Point Energy Corp

(A Top Pick July 23/14. Down 63.93%.) Sold out of this. Doesn’t have a lot of conviction that oil prices are going to rebound. Still likes the company and will probably own it at some point, but for the time being he has rotated out of this into different names.


Price:
$14.740
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-27 TOP PICK Must be logged in to use chart DIS-N Walt Disney

The selloff on this began with their cable subscribers being reported to have fallen a bit. However, when you look at their other 3 parts of their business, studios, theme parks and consumer products, those are doing extremely well. They are very integrated company that can produce a film, put it out to TV, sell you a whole bunch of toys, and also put it in their theme parks. These parts override what is happening on the cable side. Cable is only 30% and ESPN is only a fraction of that. Dividend yield of 1.29%.


Price:
$102.170
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-08-27 BUY Must be logged in to use chart EA-Q Electronics Arts Inc

Just bought this week. It came down to the 100 day moving average. They are blowing away earnings estimates every single quarter. You are paying a little bit of a premium, but this is certainly a premium name.


Price:
$67.160
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-08-27 TOP PICK Must be logged in to use chart FB-Q Facebook

1.5 billion users, which is part of the thesis of why he owns the stock. It is the best stock to own in the social media space. It gives you the opportunity to accumulate ownership in the world’s largest social media company. They are forecasted to grow their long-term earnings by 25% a year.


Price:
$89.730
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-08-27 BUY Must be logged in to use chart IHF-N iShares US Healthcare Providers

A healthcare ETF? When it comes to healthcare ETF’s, a lot of them have a very large weighting in pharmaceuticals. A lot of the larger names have not done very well. This would be a good choice.


Price:
$134.050
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
Yes
2015-08-27 COMMENT Must be logged in to use chart ITB-N iShares DJ Home Construction ETF

Likes the housing sector. It is improving in the US. One thing that holds him back from holding ETF’s in this space is the slowdown in oil, which is affecting places like Texas. That is a large part of some of these builders. He prefers something like Home Depot (HD-N).


Price:
$27.650
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-27 DON'T BUY Must be logged in to use chart KO-N Coca-Cola Company

Trading at a pretty high valuation. 19.5X forward earnings, but more important its 6.5% growth rate is pretty weak. 55% of revenues are coming from outside of North America.


Price:
$39.270
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-27 PAST TOP PICK Must be logged in to use chart KORS-N Michael Kors Holdings

(A Top Pick July 23/14. Down 47.03%.) Sold it in March at $68. Made a little bit of money. Same-store sales really started dropping off and there were concerns about discounting. They are looking to expand into the overseas markets quite a bit, but is this the right time to do those things?


Price:
$43.280
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-27 DON'T BUY Must be logged in to use chart LVS-N Las Vegas Sands Corp.

This has 85% Asian revenues. You really have to be comfortable that Asia is about to turn around, which he is not so certain about. Trading below the 250 and 100 day moving averages.


Price:
$47.260
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
2015-08-27 HOLD Must be logged in to use chart MCK-N McKesson Corp

The largest pharmaceutical distributor in the US and Canada, as well as the largest healthcare IT provider. They are basically in 50% of all US hospitals. Trading at 15X forward PE with an 11% long-term growth rate, so it is a pretty good valuation. They will do well with what is happening with Obama care. If you own, he would put a stop loss on it.


Price:
$198.870
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-08-27 COMMENT Must be logged in to use chart MG-T Magna Int'l. (A)

On his list of names that he wanted to buy this week. Right at the 200 day moving average. The auto cycle is still moving along. The average car in the US is 12 years old, so it is certainly time for a refresh. That will bode well for companies like this.


Price:
$65.600
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 1,134 entries
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