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
2016-06-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. When you look at what the British pound has been doing over the last couple of days, and also that we had a big move in the marketplace, he thinks investors are voting with their money and saying that the status quo will likely remain. Hopefully tomorrow there will be a little bit of a solution so that we don’t need to use the word Brexit anymore, at least for some time. Looking at the S&P 500, we are trading at 18X forward earnings, and 19X on the TSX. In the last 10 years they have both traded on an average at about 14X, so we are at a bit of a premium. Interest rates have acted as a bit of a safety net or tailwind for equities, but really the key variable is to see an improvement in earnings growth at some point in the back half of this year and into next. The S&P 500, pushing above the 2100 level 3 times, seems to be a serious area of overhead supply. We are there again right now, so let’s see if we can break through that. Based on valuations, he is a little cautious that we can break through that. We still have some more geopolitical issues which are happening globally.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2016-06-23 COMMENT Must be logged in to use chart AAPL-Q Apple

Sold his holdings recently at about $100. Over the last little while, has realized that iPhone sales growth is starting to wane a little. Representing 2/3 of the revenues, he believes that is a bit of an issue. Valuation wise it is still very cheap, trading at around 10 or 11 times forward earnings. Has lots of cash on the books and paying a dividend, but thinks penetration in China is not as strong as people had hoped. Also, on the next iteration of iPhones, are people going to line up and is it going to be as successful as the previous ones.


Price:
$96.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-23 PAST TOP PICK Must be logged in to use chart AAPL-Q Apple

(A Top Pick June 25/15. Down 23.08%.) He is concerned with the lack of new product and the lack of change with the iPhone. It is being reported that the new iPhone is not very different than the current iPhone. Also, feels penetration in China isn’t as strong as they had hoped.


Price:
$96.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-23 TOP PICK Must be logged in to use chart ABBV-N AbbVie Inc.

From a valuation perspective, he likes this a lot. This was a spinoff from Abbott Labs (ABT-N) in 2013. They are more of a research based pharmaceutical global name. Has a really good pipeline with 20 new products and indications coming through in the next few years through 2020. Shares are pretty attractively valued, trading at a forward price earnings multiple of only 12X. Long-term EPS growth rate is only 13%. You also get a 3.7% dividend yield, which is expected to grow at almost double digit over the next few years.


Price:
$61.310
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2016-06-23 COMMENT Must be logged in to use chart BAC-N Bank of America

From a valuation standpoint it looks to be pretty cheap at about 10X forward earnings, but these banks have been cheap for a while. The hope of interest rates finally moving higher has really been there to push these bank stocks higher. Interest rates are going to be pushed further along in terms of the pace of hikes down the road. Because of that he has traded this recently, buying at about $13.50-$14 and selling it at $15. There are other names that are a bit more attractive in the US financial space, such as J.P. Morgan (JPM-N).


Price:
$14.040
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-23 HOLD Must be logged in to use chart BCE-T BCE Inc.

(Market Call Minute.) He likes this for the dividend and you are getting a nice cash flow, but valuations are getting a bit lofty.


Price:
$60.250
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-23 COMMENT Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

Trading at about 15X earnings, which is not too bad compared to a lot of other retailers, so from a value perspective it seems okay. Has never been able to wrap his head around the different types of companies they have, whether it is the sports type or the Canadian Tire brand itself. With the real estate, that has pushed the shares up a little. He likes it here, but just has not bought shares yet.


Price:
$140.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-23 PAST TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

(A Top Pick June 25/15. Down 9.1%.) Sold his holdings a while ago. Didn’t really see the stock moving at that time, so he moved on to other things. He would consider this if it got cheap again.


Price:
$94.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-23 PAST TOP PICK Must be logged in to use chart DIS-N Walt Disney

(A Top Pick June 25/15. Down 12.43%.) There are a lot of movies coming out on the studio side. It is not the movies or the theme parks that is hurting the stock, it is ESPN. Feels the concern on that has been very overdone. He continues to like this. Trading at 17X earnings, which is not expensive.


Price:
$99.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2016-06-23 SELL Must be logged in to use chart EA-Q Electronics Arts Inc

(Market Call Minute.) Sold his holdings recently. He likes the business long-term, but in the near term valuations got a bit up there, and it started to peak a little.


Price:
$76.050
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-23 COMMENT Must be logged in to use chart GE-N General Electric

This is doing all the right things. He likes it for the dividend of about 3% and its moderate growth. They are shedding off excess that maybe they shouldn’t have been in over the last 10-15 years. Continuing to shed assets that don’t make a lot of sense, and focusing on their core competency. However, the stock has moved sideways for a long period of time. The 200 day moving average is just moving sideways and slipping up ever slows gradually. At this price, he may take profits in order to enter at a lower price.


Price:
$31.190
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2016-06-23 HOLD Must be logged in to use chart MFC-T Manulife Financial

Switch to something better? If you own, stick with it for the time being. Shares are still moving sideways, but starting to inch up. It is still technically below the 200 day moving average, which is not a great long-term signal, but since Feb-April, it is trying to move higher, and he is seeing higher highs and higher lows. A cheap stock at 10X earnings. Dividend yield of 3.95%.


Price:
$18.740
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-23 TOP PICK Must be logged in to use chart MSFT-Q Microsoft

This is transforming itself. It has a new CEO who is really focused on growth. They are really focusing on what is the priority in the technology world, which is Cloud computing and mobile technology. A lot of people feel that LinkedIn was expensive, but it helps them expand its presence in the Cloud application space. Trading at 18X forward earnings and has a pretty decent growth rate of 2.8%. They have delivered an annual dividend growth rate of over 17% over the last 5 years. Dividend yield of 2.8%.


Price:
$51.910
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2016-06-23 HOLD Must be logged in to use chart MU-Q Micron Technology

(Market Call Minute.) An interesting name. In the semiconductor space. Some of the semiconductors are moving higher, and this one just broke above its 200 day moving average.


Price:
$14.050
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-23 SELL Must be logged in to use chart NFLX-Q Netflix Inc.

(Market Call Minute.) Lots of competition out there and lots of competition coming, especially from Amazon (AMZN-Q). Lofty valuations.


Price:
$91.660
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
Showing 1 to 15 of 1,338 entries
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