Viewing Expert Stan Wong | StockChase
stockchase picture

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
2017-03-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Feels investors in general are still feeling that the glass is half-full at this point. Although markets have faded a little in the last couple of weeks, they haven’t ripped roared up as they had been since the election. PEs on the American markets have pushed up to about 18X on a forward basis, 17X on the TSX and 18X on the S&P, the highest level since 2002. We could be looking at some sort of a pause or a healthy consolidation at some point. Since bond yields bottomed in July before the election, and inflation started to rebound in 2016, there has been a significant rotation from the perceived safe assets into riskier areas. With interest rates moving higher, you have to be careful of names that are just dividend payers, and are not able to move dividend yields higher going forward. It appears the market is shifting from an interest rate driven type of market to one driven more by earnings. Feels value names will outperform growth once again this year.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-03-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Cdn$ or US$? The US$ is moving higher against most currencies, including our loonie. The loonie has dropped to its lowest level of the year so far, at $.74. Last year it dipped below $.70, and could very well get there again. He is bullish on the US$ as there is more selection in the US market, and more opportunities with US equities.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-03-09 COMMENT Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

A lot of the consumer staple names in Canada have become pricey because a lot of investors have merged over to those low volume defensive, high dividend type of names. Trading at about 17X earnings with a still pretty good growth rate. However, a lot of attention has moved away from those defensive names.


Price:
$61.640
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-03-09 COMMENT Must be logged in to use chart BA-N Boeing

This has exposure to the defence space, but also to the commercial airline space. If you want a pure play in defence, you might look at General Dynamics (GD-N), Lockheed Martin (LMT-N) or Raytheon Corp (RTN-N).


Price:
$180.570
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-03-09 COMMENT Must be logged in to use chart BCE-T BCE Inc.

Sold his holdings last summer. The top in the last year or so was right when interest rates started to move higher in the US. This company is quite sensitive to interest rates. As interest rates moved higher, the stock has moved down. In the last several months, the stock has held its own and moved sideways. If looking for the 5% yield without tremendous capital growth, then it is a stock you might want to own.


Price:
$58.400
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-03-09 TOP PICK Must be logged in to use chart C-N CitiGroup

Financials is definitely his favourite space at this point going forward. With rising interest rates, and presumably a lighter regulatory environment, this is poised to do well. Given that they have slightly underperformed some of the other banks, he thinks their potential for large capital returns through dividends and stock buybacks is great for shareholders. Trading at about .83X Price to book ratio, which is a definite discount to all the names in that large bank space in the US. Dividend yield of 1.05%. (Analysts’ price target is $65.)


Price:
$61.550
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-03-09 DON'T BUY Must be logged in to use chart COST-Q Costco Wholesale

Pricey. Trading at 27X forward earnings with about a 10% growth rate. He would avoid this at this time. Some of the headwinds include needing to make investments in new stores, as well as some of the higher wages that they will need to start paying.


Price:
$165.770
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-03-09 COMMENT Must be logged in to use chart CSCO-Q Cisco

He likes this company. It shows up on his radar as decent value. In the near term, it is probably a little overbought. He likes this particular space. Trading at about 14X with a 7%-10% growth rate. 3.4% dividend yield.


Price:
$34.070
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-03-09 COMMENT Must be logged in to use chart DIS-N Walt Disney

This went through some tough times last year with all the talk about the ESPN and cord cutting that was happening. Since then, it has really started to move upward, and investors are looking beyond that whole cord cutting theme, and looking at how the company is doing very well, particularly in the movie studios with a strong slate of movies coming out. They are also doing well with their parks. They’ve opened the park in Shanghai. He likes this name and thinks it will continue to move forward quite nicely. Trading at about 18 or 19 times earnings with about a 10% growth rate. Not particularly cheap.


Price:
$111.030
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-03-09 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

Had owned this, but sold it a little while ago. A lot of consumer staples/consumer discretionary names are getting a little expensive. Trading at 26X forward earnings with a 15% growth rate. Their execution is phenomenal and there is not a lot of competition compared to the US, but it is expensive.


Price:
$100.340
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-03-09 PAST TOP PICK Must be logged in to use chart FB-Q Facebook

(A Top Pick Jan 14/16. Up 40.53%.) He doesn’t see where he would need to sell this at any time in the near future. Trading at a valuation of 25X forward earnings, but still growing at a 25% EPS clip. He sees strong growth in the Instagram, video areas boosting revenue. There is future revenue catalyst when you look at WhatsApp Messenger and Virtual Reality.


Price:
$138.240
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-03-09 COMMENT Must be logged in to use chart GILD-Q Gilead Sciences Inc.

Got out of this some time ago, given what was happening with their guidance with some of their drugs. They guided their 2017 guidance lower, even though they met 2016 expectations. He doesn’t see this recovering in the very near future. Their growth rate is flat for the next few years.


Price:
$68.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-03-09 COMMENT Must be logged in to use chart KHC-Q Kraft Heinz Company (merged)

Consumer staples is an area which has more defensive types of names, and is rather expensive. This is trading at 24X forward PE with a 15% growth rate. Their profitability has really come from the synergies of their merger. They’ve implemented zero based budgeting, which is accounting for expenses on an ongoing basis. In 2018, US regulations are coming in for new labelling highlighting added sugars, which could be a headwind.


Price:
$91.530
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-03-09 COMMENT Must be logged in to use chart L-T Loblaw Companies Ltd

An interesting name. Recently they have kind of listened to the consumer, and started to be more competitive on pricing. Being in the consumer staples space is a reason why he doesn’t like this as a name in the portfolio. However, compared to some of the other food retailers, he likes it, especially with its diversification into Shoppers Drug Mart, which is a much higher margin business.


Price:
$70.630
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-03-09 TOP PICK Must be logged in to use chart MGM-N MGM Mirage

This owns casino resorts in the US, mainly Las Vegas, as well as China and Dubai. They are expanding into other parts of the US as well as Asia. This had been doing very well, but had a bad quarter, and the stock dropped to the 200-day moving average. Looking at the macro picture with a recovery in the global economy, the properties in the US and China should continue to do well. Shares are trading about 10X enterprise value over EBITDA, which is a discount to its main competitors. Dividend yield of 1.71%. (Analysts’ price target is $33.)


Price:
$25.430
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 1,453 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.