stockchase picture

Compiling comments that experts make about stocks while on public TV.

Expert Index

List by First Name

List by Last Name

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
2014-12-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He is underweight energy, but the names that he does own are the higher grade names, such as Suncor (SU-T), Canadian Natural Resources (COS-T) and even Crescent Point (CPG-T) is not too bad. Some of the smaller caps, more highly levered names, are the ones that you want to avoid at this point. He is more exposed to the US than he is to Canada. If you think longer-term, who knows where energy prices are going to flow or where oil prices will land. $60 seems to be more of the consensus as a trough for oil prices. It depends on what OPEC does and how the economy responds, etc. Looking out 24 months as well as the energy sector in the past, and how they have fallen off in terms of the RSI, they tend to do well after 12 months, but do particularly well 24 months out. Longer-term, based on history, they tend to do okay if you’re picking up those shares at this point. He is expecting a little higher volatility next year.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
_N/A
2014-12-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ETF for the Chinese market? iShares Xinhua China 25 ETF (FXI-N) is the largest one out there and has the most assets. If you are looking at the performance of the Shanghai and seeing how it has done well, this one has not. You want something exposed to the A shares, a class that foreigners cannot purchase. 2 ETF’s that give you exposure to A class shares would be the Market Vector China ETF (PEK-N) and Deutsche X-Trackers Harvest CSI 300 China A-Shares (ASHR-N).


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
_N/A
2014-12-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

A US healthcare ETF? The largest ones would be the iShares US Healthcare ETF (IYH-N), which will give you exposure to names like Johnson & Johnson (JNJ-N), Pfizer (PFE-N) and Merck (MRK-N), etc. There is also SPDR Health Care (XLV-N). You could also consider the biotech space. In the healthcare space, he would rather pick some of the individual names, which are a little growthier.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
_N/A
2014-12-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil. In general, OPEC has decided to remain dormant and continue to produce 30 million barrels a day, not less which would shore up prices. There is shale on the US side, where production is getting better and more efficient, so supply is getting better. We need to see demand growth continuing to move upward, and that is really through a rebound in the global economy. If you look at what happened before in the 3 or 4 times that oil had dropped so quickly, you tend to see them do well 12 months later, or they will actually outperform the market by double digits 24 months later. It’s a matter of patience. They are starting to look interesting, but there could be a little bit more pain to come. He would probably look at a broader based ETF, such as iShares S&P/TSX Capped Energy (XEG-T) to get that exposure.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
_N/A
2014-12-04 COMMENT Must be logged in to use chart AA-N Alcoa

Up 85% or so in the last 12 months. Given that a lot of car companies are moving to lighter cars and using more aluminum in car production, this has helped the stock. In the materials space, aluminum is probably one of the better ones to be in, compared to the deep mining. At this point, he thinks this stock is starting to reach fair value.


Price:
$17.240
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2014-12-04 BUY Must be logged in to use chart BAC-N Bank of America

Trading below 1X BV at .82. Good value here.


Price:
$17.210
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-12-04 PAST TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

(A Top Pick Oct 17/13. Up 15.43%.) In the banking sector, some of the weakness we saw today underscores that Canada is not as strong as the US in terms of the stability of the economic recovery. If you can pick up a bank below 2.0 BV, you’ll do well. He believes this and Bank of Montréal (BMO-T) both qualify in that regards.


Price:
$67.580
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-04 COMMENT Must be logged in to use chart CGX-T Cineplex Inc

Nice yield at 3.5%. 2 words that will define this company going forward is “Star Wars”, which is coming out at the end of next year. That will drive earnings. This has been a weaker year for megahits in the theatre. The company is doing a lot of right things in terms of concessions, VIP screening, opera and live events through some of their theatres.


Price:
$42.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2014-12-04 COMMENT Must be logged in to use chart GILD-Q Gilead Sciences Inc.

This is his top healthcare/biotech name in his portfolios. This is one that you want to continue owning. Fairly cheap in terms of valuation. Trading at 13X PE with probably a 25% long-term growth rate.


Price:
$101.820
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-04 COMMENT Must be logged in to use chart GM-N General Motors Corporation

All the recalls that have been happening, have had an effect on the stock in general. With lowering costs happening now and possibly in the horizon for some time, that could be a catalyst for consumers to continue to buy cars or bigger cars, and GM would fit that model. There is a refresh to the car cycle as the average car is still 12-13 years old in the US.


Price:
$33.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-12-04 TOP PICK Must be logged in to use chart GOOGL-Q Google

Has really underperformed this year relative to the sector and relative to the broader market, which really presents a good buying opportunity given that we are still looking at 18%-20% long-term growth. Trading at a fairly decent valuation of 19X forward PE. This gives you a 1.1-1.0 PEG ratio, which is cheaper than 85% of the S&P 500. As the US, and hopefully the global, economies rebound, this should benefit from greater demand for Internet search engine and advertising which is its bread-and-butter.


Price:
$542.580
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-04 BUY Must be logged in to use chart HDV-N iShares High Dividend Equity

A dividend paying ETF that he can hold for the next few months without worrying? His preference is to overweight US equities and he likes this one. This will hold names such as AT&T, Verizon, J&J, Procter & Gamble, Wells Fargo, etc, a broad base of different sectors. Pays a pretty decent dividend of probably 3%-4%.


Price:
$78.160
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2014-12-04 HOLD Must be logged in to use chart IBM-N IBM

Stock has fallen off a bit in the last couple of quarters. Kind of flat lined and hasn’t really moved anywhere. Looks like it has reached a bottom in terms of the technicals. Over the last several years, you are seeing flat, even declining growth, and that is not something you want to see in a technology name. There are some concerns about their ability to compete in a fast-changing IT market. Trading at 10X forward PE and probably a 9% long-term growth rate. Dividend seems pretty secure.


Price:
$164.050
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
No
2014-12-04 BUY Must be logged in to use chart JPM-N JP Morgan Chase & Co

This is showing a series of higher highs and higher lows, so technicals are looking decent. There were some issues with government rules and legislation, and that will still overhang the stock. The stock is breaking out into the $60s which is great news. Well-managed. Probably getting close to being overbought, but we are getting to a pretty strong seasonal side to the calendar.


Price:
$61.380
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2014-12-04 PAST TOP PICK Must be logged in to use chart KORS-N Michael Kors Holdings

(A Top Pick Oct 17/13. Up 3.77%.) They have beaten earnings 8 quarters in a row and are trading at 18X forward earnings with a 20% long-term growth rate. The market is concerned about inventory levels, as well as some of the discounting that is happening in the stores.


Price:
$76.530
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 969 entries
First Previous 1 2 3 4 5 Next Last

No Comments.


You must be logged in to comment.