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
2017-06-29 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The move from tech stocks into financials started last night. There was some good data coming out of the financial sector. A lot of buybacks and dividend increases from the larger banks. There had been a slowdown in the Tech space, which was really becoming a crowded space. Financials and technology are his biggest weightings. Long-term, technology will be fine, but in the interim, given that it is the end of the quarter, money is moving out of tech and into some of the more value names. If you have a weighting in technology of over 25% or 30%, then you probably want to pare back a little. However, if you have very little weighting there, then you can start to nibble at some of the tech names. There could be more of a pause as we begin to rotate into financials, or even the energy or telco space. International markets are looking very nice from a relative valuation level.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-29 COMMENT Must be logged in to use chart AMZN-Q Amazon.com

A lot of people look on this as a tech name, but technically it is a consumer name. Trading at 66X forward earnings with a very strong growth rate of over 30%. However, that is at a 2X PEG ratio, a bit more expensive than some of your other high flyer type of names in that space. The market has looked at their acquisition of Whole Foods as very positive, but we’ll have to wait and see if they can execute this well. Other names that are more attractive, and with less risk.


Price:
$975.930
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-06-29 COMMENT Must be logged in to use chart BAC-N Bank of America

Financials are cheap, especially in the US. From a BV basis, this is one of the cheaper names. Trading at about 1X Book which is pretty cheap. Raised their dividend, so on a go forward basis, it will be a 2% dividend yield. Announced a $12 billion share buyback yesterday which is positive. (See Top Picks.)


Price:
$24.320
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-29 COMMENT Must be logged in to use chart BCE-T BCE Inc.

Telecom is more of a defensive space and a dividend payer, so he has no names in this space. However, this is a great name for someone who is looking for income and a very, very stable and reliable income. Dividend yield of about 4.9%. Shares are trading at just over 9X Enterprise Value over EBITDA, which is about average over the last 10 years.


Price:
$58.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-06-29 COMMENT Must be logged in to use chart BMO-T Bank of Montreal

Toronto Dominion (TD-T), Bank of Montréal (BMO-T) or Bank of Nova Scotia (BNS-T)? He likes the financials. In Canada, banks and the insurers have underperformed the rest of the sectors this year. With interest rates starting to move higher, this is good for banks. Of the 3, this is about the cheapest.


Price:
$95.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-06-29 BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

Toronto Dominion (TD-T), Bank of Montréal (BMO-T) or Bank of Nova Scotia (BNS-T)? He likes the financials. In Canada, the banks and insurers have underperformed the rest of the sectors this year. Interest rates starting to move higher is good for banks. This bank has a lot of their revenues coming from international markets and this is a good name. He would prefer a combination of TD and this bank.


Price:
$78.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-06-29 TOP PICK Must be logged in to use chart C-N CitiGroup

Over the intermediate-term, rising interest rates and a lighter regulatory environment should help a name like this. There is potential for large shareholder capital return, doubling of its quarterly cash dividend and announcing a massive $6.6 billion share buyback program. These things will push financial names higher. Because this is well diversified in Latin America and Asia, it is one of the more international banks. It is the cheapest name by far, among all the large cap names. Dividend yield of 1%. (Analysts’ price target is $66.)


Price:
$66.980
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-06-29 TOP PICK Must be logged in to use chart COST-Q Costco Wholesale

The world’s 2nd largest retailer by revenue, and operate over 700 stores and warehouses globally. They have 90 million member cardholders. He doesn’t believe the acquisition of Whole Foods by Amazon (AMZN-Q) will change the game that rapidly for this company. Renewal rates are 90% in North America and 88% outside of North America. They need to improve their online revenues which are still in single digits. Dividend yield of 1.3%. (Analysts’ price target is $185.37.)


Price:
$158.680
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-06-29 HOLD Must be logged in to use chart DIS-N Walt Disney

He continues to like this. The ESPN overhang has hurt them, but there are a lot of other spaces, whether it be the theme parks, studio entertainment and the consumer products. Because the media space is a larger portion of their revenue, ESPN is a big thing and cord cutting is hurting them. The next step is to really come out with some sort of Disney flicks to counter Netflix. They have lots of content. Trading right at the 200-day moving average. He is looking to adding to his holdings.


Price:
$105.710
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-06-29 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

Sold his holdings a little while ago. Long-term, this is a strong name, because there are not a lot of competitors in Canada that can come up against this company. In the near term, it is a bit expensive. Trading at 28X forward earnings. Has a good growth rate of 15%, so the PEG ratio is going to work out to about 1.6X.


Price:
$122.790
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-06-29 HOLD Must be logged in to use chart GE-N General Electric

This has been disappointing and hasn’t really tracked as well as some of the other names he owns, such as United Technologies in the industrial space, or even some of the defence contractors. At this stage, he probably would not want to sell as a lot of the business is related to the oil market. Feels the oil markets are starting to bottom a little. Wait for oil prices to move a little and for the stock to move up a few dollars and then consider what you want to do. Dividend yield of 3.55%.


Price:
$27.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-06-29 SELL Must be logged in to use chart GILD-Q Gilead Sciences Inc.

Growth rate has been completely decimated based on its business model. The stock really came down, but bounced up in the last couple of weeks with the rest of the biotech space. It is now stuck at around the 200-day moving average. Their growth rate has come down to the low single digits, and is still trading at a pretty decent multiple, 9X earnings. If you own, consider Selling and look at something like Celgene (CELG-Q).


Price:
$70.860
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-06-29 PAST TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

(A Top Pick May 19/16. Up 31.1%.) He still likes this but it has been part of the small pull back in the Tech sector. If this starts to fall down to the $900 level, that would be a good entry point.


Price:
$937.820
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-06-29 COMMENT Must be logged in to use chart JNJ-N Johnson & Johnson

Healthcare has very solid growth. This stock has done very nicely, particularly since the beginning of this year. You are paying for 17X forward earnings and getting mid to high single digit growth. However, he likes biotech a little more which gives you a little more growth.


Price:
$132.640
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-29 COMMENT Must be logged in to use chart KHC-Q Kraft Heinz Company

He doesn’t have a lot of exposure to the consumers staple space. This is trading at about 23X forward earnings with an 8% long-term growth rate. That is pretty expensive when looking at a PEG to growth ratio. Decent dividend of about 2.7% and a decent growth rate on that dividend. In 2018 US regulations are going to require some of the food companies to label their products on sugar content, which could create some margin and sale pressures.


Price:
$85.760
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
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