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
2017-04-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. In the last 4-6 weeks, we have seen North American equity market stall a little as investors digest some of the political uncertainties in the US, as well as abroad. When looking at some of the policy setbacks that happened in the US and overseas in the UK, investors are obviously a little concerned and markets have bounced sideways. Another ingredient added to the mix of volatility is how Trump will deal with China. Although markets are at bit extended in terms of valuations, you still want to be constructive given the fact that we still have a pro growth agenda in front of us. The US healthcare policy did not go through, but there is still the prospect of tax reforms, deregulation and infrastructure stimulus, and he is quite certain that some or most of those policies will go through. If we continue to have an environment where there is inflation and economic recovery, the market should do well over time. In companies, he prefers dividend growers over dividend payers given that interest rates are expected to continue to move higher, especially in the US. Also, likes value stocks over growth stocks given that valuations are a bit extended. You also want to look at the US over Canada, given the differential in policies that is happening, as well as the trajectory of growth. International markets are somewhat attractive given the relative valuations to North America. He would avoid defensive equities, including utilities, real estate names, consumer staples, as well as the traditional bond market and would move more towards the credit markets, corporate bonds and high-yield bonds.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-04-06 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Credit bonds or corporate bonds?10 year yields in Canada are sitting at about 1.5%. In July it was under 1%. Clearly bond yields are moving higher. They’ve calmed down in the last few months. In the US yields are 2.34% with a low of 1.36% in July. Feels that July marks the bottom in interest rates for our generation. They are likely to start moving higher, particularly with the pro-growth agenda happening in the US and that we are looking for a global recovery in the economies. Credit bonds or corporate bonds make sense, investment-grade or high-yields. In a lot of those cases, he will use ETF’s. Also, rate reset preferreds look good right now. Another source would be the emerging market bonds which fell off after Trump was elected and are starting to recover now.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-06 COMMENT Must be logged in to use chart AA-N Alcoa

Being in the materials based metals space, it will be a beneficiary in a cyclical environment where earnings are going to start to grow. Share price has weakened off a little, along with the rest of the market. It has come down to the 100-day moving average which could be interesting. RSI is down to about 45, and it hit oversold levels about a week ago. It is certainly a name you could consider owning.


Price:
$33.650
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-06 DON'T BUY Must be logged in to use chart BCS-N Barclays Bank PLC

Largely speaking, European equities and banks look interesting, but he would probably avoid some of the UK banks. The chart shows this flat lining, a lot of uncertainty surrounding this name in terms of what will happen with BREXIT. If you own, you might want to hold it for a little bit longer, but he wouldn’t add at this point.


Price:
$10.760
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-06 TOP PICK Must be logged in to use chart C-N CitiGroup

Over the medium term, the shares can and should benefit from rising interest rates, a lighter regulatory environment, as well as a general recovering economy. There is potential for a large capital return back to shareholders. In November, they announced $1.7 billion share buyback instead of dividends. It is very diversified globally speaking, and will benefit from emerging markets like Latin America as well as Asia. Trading at a very cheap valuation in the group. Dividend yield of 1.07%. (Analysts price target is $65.)


Price:
$59.890
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 DON'T BUY Must be logged in to use chart COST-Q Costco Wholesale

A great franchise, but valuations are a bit stretched at almost 28X forward earnings with a 10% growth rate. This gives you a 2.7 PEG ratio, which is a bit expensive. They are raising membership fees. There is deflation in food as well as in electronics, which is a challenge for a name like this.


Price:
$170.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-06 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

Just reported some great numbers. Good earnings and good guidance going forward. A good name in terms of management and execution, and they have a lot of runway for expansion in Canada. Trading at 26X forward earnings, which makes him a little concerned. It has a 15% long-term growth rate, so it is still at a 1.5X PEG ratio, not extremely cheap. They are rolling out credit card acceptance nationwide for the 1st time, which should be available by Q2 fiscal 2018 which should help sales. Feels the valuation is a bit stretched.


Price:
$113.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-06 DON'T BUY Must be logged in to use chart F-N Ford Motor

When you look at automotive manufacturers, you want to look at auto sales. We have had some shaky numbers, and shaky information on auto sales in the US and globally going forward. The chart shows this has been really meandering sideways, for at least the last 12 months. The 200-day moving average has been flat. Share price is below the 200-day moving average. Technically, this is not something he would want to buy.


Price:
$11.270
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-06 TOP PICK Must be logged in to use chart FEZ-N SPDR Euro STOXX 50 E.T.F.

When you look at Europe, ex the UK, this ETF tracks the largest 50 names in the euro zone. The euro stocks generally speaking are cheaper than the North American indices. Trading at 15X forward earnings, while the S&P 500 is trading at 18X.


Price:
$36.120
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 HOLD Must be logged in to use chart GE-N General Electric

He likes this, but it has been disappointing in terms of its relative performance to the rest of the group. The industrial space is a prime sector that should do well in an environment where cyclicals are doing well, a pro growth environment, where there is reflation and economic growth. He continues to hold this because the dividend is quite nice at 3.2%. The dividend growth rate should be pretty decent going out a few years. Feels they are being caught in the transition back to an industrial company and is being overlooked by investors. However, valuations are not extremely cheap for a company like this, 18X earnings and growing at about 10% or so.


Price:
$29.930
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 DON'T BUY Must be logged in to use chart GIB.A-T CGI Group (A)

This space has been sideways for some time. He uses his cues from the technical side of things, and if a stock in a sector is not really moving forward with a lot of the other names, particularly south of the border, then you want to look south of the border for names.


Price:
$63.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-06 PAST TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

(A Top Pick Feb 24/16. Up 17%.) This still looks pretty decent in terms of valuation. Trading at 20X forward earnings with a 17% long-term growth rate, giving it a 1.2X PEG ratio. In technology, this looks pretty cheap. Thinks they will continue to do well with mobile ad sales and YouTube sales. Cost controls are also helping them.


Price:
$845.095
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 DON'T BUY Must be logged in to use chart L-T Loblaw Companies Ltd

A consumer staples name which is in the defensive space. He is completely underweight the area. It has just moved up and down over the past 12 months or so, and has really been quite sideways. Shares are trading at 16X forward earnings with a 10% growth rate, trading in line with historical valuations. With food deflation and lower prices in a very highly competitive industry, this is a name he would not be rushing out to buy. It could face a potential slowdown in sales growth. Shoppers is working well for them, but not enough to push the shares higher in an environment where cyclical stocks are doing well.


Price:
$70.700
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-06 COMMENT Must be logged in to use chart MET-N Metlife

He likes this on the back of interest rates moving higher. Recently, interest rates have started to calm down on dovish Fed talk, however expects they will move higher. Trading at about 10X forward earnings with a 10% growth rate. BV is under 1X, so it is a pretty decently valued name. He likes this one a lot.


Price:
$52.670
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-06 HOLD Must be logged in to use chart MG-T Magna Int'l. (A)

This has been a little flat. The 200-day moving average has been slowly evolving upward. It has dropped because of uncertainty about the Trump administration and what happens with the possible border tax. There is also the question about how auto sales are going. However, it is trading at a very cheap valuation at 7X forward earnings, and is growing at about 9%. They are trying to get to all the different spaces in the car in terms of providing auto parts. Even though auto sales might be coming down, they are grabbing more market share within the cars and trucks.


Price:
$53.430
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
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