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

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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
2014-09-11 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He can see some choppiness going forward given geopolitical tensions that are happening, as well as negative seasonal tendencies typically this time of the year, when the volatility index normally jumps by about 15%-16% on average over Sept. and Oct. There are also concerns as to when interest rates will rise in the US in terms of Fed fund rate. Plus concerns over China’s economic recovery. Still believes there is a strengthening US economy. We’ll see a grind higher in equities. It’s just in the near term there could be time for a bit of a pause. You’ll need positive earnings trends to continue and corporate earnings to continue to do OK. If you apply an expected $130 earnings per share on the S&P over the next 12 months, and multiply that by the 17 multiple that we have right now, that gives you $2,210 on the S&P, about an 11% return. He is looking for a 4%-5% pull back. Doesn’t really see a correction in the stock market unless there is an earnings recession and he doesn’t see that at this point. He is sitting on 10%-12% cash at the moment.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
_N/A
2014-09-11 COMMENT Must be logged in to use chart BAC-N Bank of America

Generally speaking he likes the US financials. Prefers Citigroup (C-N) and J P Morgan (JPM-N) as well as Wells Fargo (WFC-N). They are all trading at discounts to where they should be. This one is trading below Book Value, which is pretty cheap, compared to where it should be. There is a lot of regulatory noise around larger banks. Once we get past those stages, the banks should continue to do well.


Price:
$16.570
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-09-11 HOLD Must be logged in to use chart CELG-Q Celgene Corp

Celgene (CELG-Q) or Gilead Sciences (GILD-Q)? If he had to choose one, it would be Gilead because it trades at a better valuation.  Not that Celgene is trading at a bad valuation, trading at a .86 PEG ratio versus .5 for Gilead. He likes both names.


Price:
$91.960
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-09-11 COMMENT Must be logged in to use chart CGX-T Cineplex Inc

Stock has been hampered a little bit by not having a lot of great content this summer that they normally would. There’s really not a lot coming up into the holiday season. However, going into next summer there is quite a bit of star movies coming out. Likes the name.  Decent yield at 3.7%. Extremely strong management.


Price:
$40.610
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
No
2014-09-11 TOP PICK Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

A very dominant producer in the western Canada space. International operations in the North Sea and West Africa. Extremely well managed. Have grown very well through solid management and corporate acquisitions.  Very low cost production at $50 a barrel. Enormous stream of future expected cash flow. $5.5 billion to $6.5 billion. Dividend yield of 1.95%, which should grow by 10% a year over the next few years.


Price:
$45.330
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-09-11 HOLD Must be logged in to use chart CNR-T Canadian National R.R.

Likes the industrial space and the rails. However he likes Canadian Pacific (CP-T) a bit more, which seems a little bit cheaper in terms of different valuations. However, they are both great.


Price:
$80.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-09-11 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

Some of the big technology names have done quite decently. This one has done OK. It’s up about 6.5%. Thinks they are still trying to find their way. He would probably look at more interesting names, whether in the semi-conductor space or the larger cap names. Earnings are OK, just not robust.


Price:
$25.180
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-09-11 BUY Must be logged in to use chart ECA-T Encana Corp

Thinks they are executing well. Natural gas is recovering over the last couple of years. It is important to have this type of name in your portfolio. Energy prices have taken a hit recently, but thinks this is short lived, once we realize that the US and global economies are still on track.


Price:
$24.670
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-09-11 BUY Must be logged in to use chart EEM-N iShares MSCI Emerging Market ETF

Emerging Market ETF’s? This is a name that he likes. In Canada there is a Canadian hedge version XEM-T. One thing to note is that it does hold a large percentage of South Korea, which he likes because it gives you both diversification and stabilization in a portfolio.


Price:
$44.260
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-09-11 PAST TOP PICK Must be logged in to use chart FEZ-N SPDR Euro STOXX 50 E.T.F.

(A Top Pick Sept 5/13. Up 18.31%.) The ECB has come in and lowered rates a bit more. He still likes Europe. Watching to see what happens in the next couple of quarters, but he feels this is still in a recovery mode.


Price:
$41.010
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-09-11 BUY Must be logged in to use chart GILD-Q Gilead Sciences Inc.

They have a blockbuster drug in the Hep C space, but they are involved in HIVA’s and other types of drugs as well. There is always going to be a fair amount of competition, but they are first out and are going strong at this point. Thinks it is cheap at 13X PE with probably a 25% long term growth rate. PEG ratio is .5, which is very low.


Price:
$106.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-09-11 PAST TOP PICK Must be logged in to use chart JPM-N JP Morgan Chase & Co

(A Top Pick Sept 5/13. Up 17.81%.) Still likes the name. With the recovering US economy, housing market getting better and the capital markets getting better, this stock should continue to do well. Regulatory issues are still hampering a lot of these large cap US banks. This is trading at just around Book Value, as well as 10X forward PE, which are both cheap. 2.7% yield, which he expects to grow by about 8% a year over the next 3 years or so.


Price:
$59.760
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-09-11 HOLD Must be logged in to use chart KORS-N Michael Kors Holdings

Continues to be a great name. Some of the weakness can be contributed to consumer discretionary names weakening a bit. There are also some current concerns on inventory build in the company. Currently trading at 17X forward earnings. With a 23% long term growth rate, that gives a PEG ratio of .7. Anything under 1 is quite good in this environment. Expanding their retail presence in North America with 400 stores expected. Only 20% of revenues are coming from outside North America.


Price:
$75.660
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2014-09-11 WATCH Must be logged in to use chart LULU-Q LuLulemon Athletica (US)

Big move by the stock today and he was a little bit surprised by the magnitude of the move. Wondering if there is some Short covering. Would be cautious on this going forward until you see a little bit more evidence that there is an actual turnaround. There is very fierce competition out there.


Price:
$43.730
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Unknown
2014-09-11 TOP PICK Must be logged in to use chart MDLZ-Q Mondelez International

One of the world’s largest snack companies. $34 billion in US global net revenues. 40% of its sales come from the high growth developing markets. Trading at 19X forward PE. 15% long term growth. That’s a 1.3X PEG ratio, a big discount to its peer group. Dividend yield of 1.68%.


Price:
$35.750
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
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