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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
2014-07-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Expects to see a pickup in global growth in the 2nd half of the year, especially in the US. There are bumps along the way, and that should be favourable to the equity markets continuing to grind higher. Thinks that valuations are a little bit stretched at this point, so we need the earnings and the EPS to pick up a bit. Those positive trends hopefully will continue. So far this season, 1/3 of companies on the S&P 500 have reported, and 76% have been estimated so far. That is good news. Comparing equities to bonds, equities are probably the winner in terms of what is going to happen over the next 12 months. Interest rates should stay low until next year. Some of the geo-political tensions are getting a bit worse, so some of those things should be watched out for. Also, volatility low levels are way lower than what they should be. Well over 25% below long-term averages. He is moving cash up a little bit from 25% to 12%-13% right now, in order to take advantage of any opportunities. He continues to favour the more economically areas, the cyclical stocks whether they be technology, energy or industrials. These are the areas you want to be in right now.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
_N/A
2014-07-23 BUY on WEAKNESS Must be logged in to use chart AAPL-Q Apple

We are now looking at 1.25X PEG ratio, which is not expensive, but not cheap anymore either. Not sure if you should make a new purchase at this time. He would wait for a pullback.


Price:
$97.190
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-23 COMMENT Must be logged in to use chart AMT-N American Tower

Very, very simple business. Just grabbing revenue in. The only thing he would be slightly worried about is if interest rates start to move higher. Most people will own this for the potential for yield. This is considered a REIT, so if it is part of that area, this is one that will be sold off if interest rates increase.


Price:
$92.960
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 COMMENT Must be logged in to use chart BAC-N Bank of America

Likes the US financial space in general. Valuations are below long-term averages. Has been beaten up a little with regulatory issues and low interest rates, but those will change. Hopefully, next year, the regulatory issues will be less and interest rates will be higher. The economy should have picked up even more so. He prefers Citigroup (C-N) and J.P. Morgan (JPM-N). (See Top Picks.)


Price:
$15.520
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 COMMENT Must be logged in to use chart BCE-T BCE Inc.

Just announced a privatization deal with Bell Alliant (BA-T). Thinks this is good that they are taking some of their assets and consolidating them. He owns this mainly for its dividend play. Wireless is the way to go, and the growth engine for things. If you are a Bell Alliant shareholder, he would recommend taking the cash unless there are some capital gains complications.


Price:
$49.820
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-23 COMMENT Must be logged in to use chart CAT-N Caterpillar

We may start to see a pickup with the general economy, but doesn’t think you will see the moves in this like we saw going back several years, when China was busy building roads and highways, etc. Not sure this will move as quickly as it might have, during the development of China. Not expensive, but doesn’t show up in his radar to own.


Price:
$108.380
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 DON'T BUY Must be logged in to use chart CMG-N Chipotle Mexican Grill

There is a lot of momentum behind the stock. Trading at 42X forward earnings, which is pretty expensive. Growth rate is 20%, so you are paying 2X PEG ratio.


Price:
$661.270
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

Likes the rail space. Canadian Pacific (CP-T) looks a little bit cheaper on a growth to the PE metric. It makes a lot of sense to own these types of names.


Price:
$74.000
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2014-07-23 TOP PICK Must be logged in to use chart CPG-T Crescent Point Energy Corp

Has pulled back recently, so it’s a good time to add more shares. Feels energy prices will remain pretty firm. They just announced production guidance for 2014 that it is going to be higher. Will probably sustain their current levels based on economic movements and economic recovery, especially with geopolitical problems happening globally. 6.1% yield.


Price:
$45.290
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-07-23 BUY Must be logged in to use chart DOL-T Dollarama Inc.

This was a name that had seemed expensive, but the earnings just crept higher, and they have done extremely, extremely well. Earnings moved up faster than the price and the PEG ratio is at 1. It has moved down to near the 50 day moving average, and he would be comfortable owning it.


Price:
$89.770
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 BUY Must be logged in to use chart EMC-N EMC Corp

Storage in Cloud is the future, and this is a great name. PEG ratio is at 1.2, so you are not paying social media type of valuations. This should do well.


Price:
$28.750
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 COMMENT Must be logged in to use chart ENB-T Enbridge

Yield of about 2.6%. If and when interest-rates start moving up, will investors start turning away from companies like this? If you own, hang onto it for the time being. Yield might grow by about 8%, which is not bad, but not a huge move going forward.


Price:
$54.340
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 COMMENT Must be logged in to use chart FB-Q Facebook

Twitter (TWTR-N) or Facebook (FB-N)? Feels that the social media names have stretched valuations. It’s such a new phenomenon; it is hard to tell where the earnings are going to come and how they are going to monetize things. This one is in the 3rd inning where Twitter is only in the 1st inning. This one is getting its earnings going, and valuations look a little bit better. Earnings were strong today on the mobile side, and they are executing well. This would be his choice over the two. Neither of these fit the profile of his portfolios.


Price:
$71.290
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 DON'T BUY Must be logged in to use chart G-T Goldcorp Inc

He doesn’t own any gold. This is probably one of the better run companies in Canada. With some of the curbs on imports in India, that might be a bearish case on gold. China is the largest consumer of gold, and data recently showed that Chinese demand was down 18%. Also, as the Fed continues to taper, interest rates should be rising higher.


Price:
$29.430
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-07-23 BUY Must be logged in to use chart GE-N General Electric

Likes the industrial space in general for the economic pick up. Companies that are in the turbine and power generation space would do quite well. Trading at 14X earnings with probably a 10% earnings growth rate.


Price:
$25.910
Subject:
NORTH AMERICAN & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 886 entries
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