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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
2015-04-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Europe. We are seeing a mirror image of what the US did in terms of QE. This is taking hold in Europe and is pushing the stocks upwards. He is also seeing positive economic surprises through the indexes. Estimates are coming in anywhere from 10%-15% in terms of earnings growth on the European side.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2015-04-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Looking a little fatigued. If you look at the internals, they are starting to move a little sideways, a few percentage points so far this year, but we have really been pretty much flat since December. There is also more volatility which is caused from concerns around corporate earnings growth, especially in the US and Canada. The higher US$ headwind is hitting Canada a little. Also, the timing of rising interest rates is something he is looking at. On the TSX and S&P500 S&P 500, we are at the higher end of 18 or 19 times PE, so we are little bit stretched in terms of valuation. Also, volatility levels have picked up. The VIX level was up 14 last year, and so far this year we are looking at about 16.5. We need to see some more earnings growth, and that may happen later on this year. This quarter and next quarter, the expected earnings growth has stalled a little in the US. He would stick to the more reasonably priced better valuation type of stocks. He still likes the cyclicals. The economy is still moving along, just not as robust as he had hoped.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2015-04-09 COMMENT Must be logged in to use chart AAPL-Q Apple

Looking at the seasonals, this does have some weakness in June, a little bit of weakness in January and December, but the rest of the months are very positive. The most positive month is April. He still likes the stock and it is still trading at a reasonable valuation. Lots of cash on the books and lots of opportunity to continue to do well. Trading at a PEG ratio of .9, which is a pretty decent valuation.


Price:
$126.560
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 PAST TOP PICK Must be logged in to use chart ADS-XETRA Adidas

(A Top Pick April 9/14. Down 24.64%.) Sold his holdings in October. Last fall, they issued a material profit warning based on what was happening in Russia and restructuring with regards to his tailor-made golf line. To him this was a bit of a management situation in terms of their guidance.


Price:
$0.001
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-09 COMMENT Must be logged in to use chart AIG-N American International Group

Metlife (MET-N) or American International Group (AIG-N)? These are 2 relatively different companies. This one has a large life insurance component, but MetLife is almost all life insurance. Looking of valuations, they are both pretty attractive. Both valuations are pretty cheap.


Price:
$56.290
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-09 BUY Must be logged in to use chart BCE-T BCE Inc.

He likes this. The stock has come down to the 100 day moving average, which makes it attractive from a buying perspective. The RSI has dropped-down to the oversold level which makes it very attractive. Nice dividend of 4.76% and thinks it is going to continue to grow. He also likes and owns Telus (T-T).


Price:
$54.660
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 TOP PICK Must be logged in to use chart C-N CitiGroup

Very undervalued. Stock hasn’t done much getting through all the regulatory issues that are happening. A lot of those regulatory and regulatory costs are behind them. This is on track of its long-term goal of strengthening its global presence. In consumer and corporate lending they are divesting out of a lot of things that they don’t want to be in. Going to return very meaningful levels of their capital to shareholders, whether through share buybacks or dividend increases. Last year they signed a deal with Costco Wholesale (COST-Q) to issue credit cards, which he expects will be a big revenue kick for their credit card division. Trading at a pretty big discount to its peer group. Yield of 0.8%.


Price:
$52.130
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 COMMENT Must be logged in to use chart CCL-N Carnival Corp.

Royal Caribbean Cruises (RCL-N) or Carnival Corp (CCL-N)? Royal Caribbean has outperformed Carnival in the last 12 months. It is up about 50%, where this one is up about 30%. On a valuation perspective, this trades at over 1.1 PEG ratio compared to Royal Caribbean at .85. It is also cheaper. Both should do well.


Price:
$48.510
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-09 COMMENT Must be logged in to use chart CVS-N CVS Health Corp

Pharma benefits management companies or pharmacy companies? Both of these spaces make a lot of sense. They have done very well. He owns CVS Health (CVS-N) which actually has a combination of the pharmacy and the Pharma benefits. He continues to like this name. Not expensive.


Price:
$102.370
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 DON'T BUY Must be logged in to use chart DFS-N Discover Financial Services LLC

Discover Financial (DFS-N) or Visa (V-N)? Has recently come off quite a bit on the back of a missed earnings quarter. They also provided some forward negative guidance. He owns MasterCard (MA-N) which is very similar to Visa in terms of valuations. Visa has a much stronger earnings profile, and given the fact that the technicals are looking a bit rough on this one, he would wait until they turn around a bit and have an earnings surprise.


Price:
$57.440
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-09 COMMENT Must be logged in to use chart DOL-T Dollarama Inc.

He likes the positioning of this company, because there is not much of the same kind of business in Canada. They pretty much have a monopoly on the space. Not extremely expensive. Trading under 2X PEG ratio, but it is still at about 1.7. Not cheap, but deserves a premium valuation.


Price:
$73.820
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-04-09 COMMENT Must be logged in to use chart GE-N General Electric

He still likes the name. Stock has not been very robust in terms of performance, but this is a proxy to the US economy. They are doing a lot of things in terms of divesting out of the things that don’t make them a lot of money. Growth rate is still in the high single digits at 8% -9%. You are paying about 14X forward earnings, so it is not extremely cheap, but looking at the industrial space, a lot of these names are in the higher PEG ratio type of area. Dividend yield of about 3.5%.


Price:
$25.730
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 PAST TOP PICK Must be logged in to use chart GILD-Q Gilead Sciences Inc.

(A Top Pick April 9/14. Up 43.18%.) AbbVie (ABBV-N), a competitor in hepatitis C, will probably grab about 20% of that market share. Their drugs are probably not as effective so will probably not be recommended as much. Still trading at 10X forward PE with probably a 15% long-term growth rate. PEG ratio is well below 1.0.


Price:
$101.160
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 TOP PICK Must be logged in to use chart HEDJ-N Wisdomtree International Hedged Equity Fund

Provides exposure to mega-cap-large cap European equities, with a hedge against the euro. He thinks the US$ and the euro go to parity. At 1.06 or 1.07 right now so there is still room for them to move. This will give you protection against a currency hedge solution. Likes the QE that is happening in Europe. The euro has fallen quite a bit which is very good for European exporters.


Price:
$67.980
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-04-09 COMMENT Must be logged in to use chart ITB-N iShares DJ Home Construction ETF

This contains some of the retail names such as Lowes (LOW-N) and Home Depot (HD-N). Feels housing recovery is a long-term theme, and we are probably in the 5th inning of that and that it will continue.


Price:
$28.210
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
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