Viewing Expert Stan Wong | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Stan Wong , Director & 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
2017-08-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  There have been two questions from his clients:  When is the warm weather coming and when is the correction coming.  He thinks a minor pull back is the most we will get.  Investors are ignoring all the good news that is happening around the world:  Positive economic data all around the world and in the US earnings are up 12% year over year.  We have a beat ratio of 77% in the S&P.  The markets have realized that we are not going to get the tax reform or deregulation we were expecting.  The TSX has been a laggard compared the rest of the world.  NAFTA renegotiations are also having an effect.  International markets have some compelling stories:  stronger earnings and an upturn in economic data.  Dividend yields are even stronger.  We have had a period of relaxed volatility and now it is elevating.  This will stay.  It presents buying opportunities.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
_N/A
2017-08-24 PAST TOP PICK Must be logged in to use chart ABBV-N AbbVie Inc.

(Top Pick Jun 23/16, Up 23.30%)  He still likes it and it is one of his favourite healthcare names.  It has a 12 times PE and 8% long time growth rate.  It trades at a discount to its peer group.  Humeria is 60% of their revenues so we have to watch this concentration risk.


Price:
$72.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Unknown
2017-08-24 HOLD Must be logged in to use chart BA-N Boeing

It is a good name and there is a cyclical move into this space.  The PE is at 22-23 times and is at the high end of the ten year range.  The chart looks good.  Hold it and use a stop loss.


Price:
$238.740
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
No
2017-08-24 BUY on WEAKNESS Must be logged in to use chart BABA-N Alibaba Group Holding

He has been watching it very closely and would like to take a position, but it has run up quite a bit.  It is a lot cheaper than AMZN-Q.  It has a 31 times earnings and 26% growth rate over time.  It has run up quite a bit, but pick your point where to invest.  It has outperformed AMZN-Q quite a bit.


Price:
$175.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Yes
2017-08-24 BUY Must be logged in to use chart BAC-N Bank of America

He likes the US financials.  The banks are well positioned and are cheap relative to others banks around the world.  He prefers C-N for its very international revenues and JPM-N for their management.  They are going to continue to pass the stress tests and then can do shareholder friendly things like share buybacks and dividend increases.


Price:
$23.840
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
No
2017-08-24 BUY Must be logged in to use chart BAC-N Bank of America

ZUB-T vs. BAC-N.  ZUB-T is hedged back to CAD$ and is an equal weight mix of US banks.  With the economies strengthening around the world these banks can do well.  He feels ZUK-T would be okay without the hedging.


Price:
$23.840
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Unknown
2017-08-24 HOLD Must be logged in to use chart CGX-T Cineplex Inc

The dividend is still supported.  He thinks at some point we will see some support in the name.  They are diversifying away from just the box office.  The third quarter might be a little weak.  Put stop losses where you are comfortable.


Price:
$35.530
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Yes
2017-08-24 BUY Must be logged in to use chart COST-Q Costco Wholesale

He bought it shortly after the announcement of AMZN-Q announcing the purchase of Whole Foods.  It is only one of the few with positive same store sales.  If they bring up their online shopping model the will compete quite well.


Price:
$151.330
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Unknown
2017-08-24 DON'T BUY Must be logged in to use chart F-N Ford Motor

He does not own any of the actual manufacturers.  This one has been a bit of a laggard.


Price:
$10.710
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
No
2017-08-24 SELL Must be logged in to use chart GE-N General Electric

He took it out on a stop loss.  It has been disappointing.  It does pay a decent dividend.  Put stop losses in place and sell the business.


Price:
$24.300
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
No
2017-08-24 TOP PICK Must be logged in to use chart ING-N ING Groep NV

He likes the international markets.  They are benefiting from Euro zone upturn in growth.  They sold off their insurance business to focus just on banking.  (Analysts’ target: $21.90).


Price:
$17.770
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Yes
2017-08-24 DON'T BUY Must be logged in to use chart L-T Loblaw Companies Ltd

He does not have a lot of exposure to the consumer staples space.  Prices should start dropping at Whole Foods next week after AMZN-Q acquired them.  The PE is 15 times forward earnings.  It is not cheap.  There is increased competition from WMT-N and COST-Q.  AMZN-Q is now also in the picture.  Minimum wage hikes in Ontario will be a challenge also.


Price:
$67.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
No
2017-08-24 BUY Must be logged in to use chart MG-T Magna Int'l. (A)

It is in the cross hairs of the NAFTA renegotiations.  It is still cheap and he still likes it.  The risk is if US auto sales are peaking.  He likes it for the valuation.


Price:
$60.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Yes
2017-08-24 DON'T BUY Must be logged in to use chart MO-N Altria Group Inc

The performance has been pretty strong, but more recently it was a sideways mover and now dropped after the announcement that they wanted to drop the nicotine in cigarettes.  It is not really cheap any more at 19 times earnings, growing in the single digits. 


Price:
$63.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
No
2017-08-24 PAST TOP PICK Must be logged in to use chart MSFT-Q Microsoft

(Top Pick Jun 23/16, Up 44.26%)  He still likes it.  22 times forward earrings and a 10% growth rate.  They are a major player in the cloud business with 28% of revenues from that.  MS Office is doing quite well.  It is getting a tad expensive, however.


Price:
$72.690
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULL on GLOBAL GROWTH
Owned:
Yes
Showing 1 to 15 of 1,562 entries
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