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

Viewing Expert

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
2016-01-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. This has been an emotional selloff. There is a storm of investor anxiety, some new, and some old carried over from 2015. This has caused the equity markets to have one of the worst starts in history. We are looking at things like the economic deceleration in China, falling commodity prices, a decline in corporate earnings expectations, strong US$ headwinds are still out there, and we have some new geopolitical tensions that serve as a backdrop to start the year. Investors have pressed the Sell button first without really looking at underlying fundamentals, which aren’t that bad. S&P is trading at about 15-16 times forward earnings. If you take a 10-15 year history, we are pretty much average at this point. Selling in the equity markets has certainly been overdone. From a technical perspective, we are oversold. For patient investors who are picking away at equities, we’ll see some sort of relief rally. Continues to like US equities over Canadian equities. The US economy is still going to grow at the 2%-3% growth rate this year, and earnings per share on the S&P 500 should grow at around 7% this year. He was about 12%-15% in cash at the beginning of the year, but is now down to about 8% cash.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-01-14 HOLD Must be logged in to use chart AAPL-Q Apple

Shares are trading at very nice valuations and they have a very solid balance sheet with tons of cash on hand. Trading at 10X earnings, and still probably a 12% growth rate. Maybe the iPhones are not going to sell as quickly going forward. The company is still innovative, but the iPhone is still 60% of their business. There are rumours of them getting into the car business, iWatch, and maybe the gaming console, but the iPhone is going to be a tremendous part of their revenues for some time. This is getting close to his stop losses. He wouldn’t Sell until there is a little more of a breakdown. If you own use a stop loss.


Price:
$99.520
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 COMMENT Must be logged in to use chart BCE-T BCE Inc.

Sell at $58 and replace with a dividend paying stock with more growth? He likes this name. A lot of the telcos in Canada became a little bit rich in terms of valuations. You’re getting great cash flow and great dividends. This gives you a 4.7% dividend yield with a single digit growth rate over the next 3 years. For growth profile, you could look at Cineplex (CGX-T) which has a dividend of close to 3.9%. You could also look at some of the Canadian banks.


Price:
$55.080
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 DON'T BUY Must be logged in to use chart CAT-N Caterpillar

Looks attractive at 13 X earnings, but thinks there will continue to be a slowdown in many parts of the world. Wouldn’t jump into this at this time. Trading well below its 200 day moving average and is below the 50 day moving average as well. Technically there are lower lows and lower highs. Dividend yield of about 4.9%.


Price:
$62.270
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-01-14 COMMENT Must be logged in to use chart DIS-N Walt Disney

Has had this for some time and has done well with it. The stock has recently come off because of ESPN being a little bit softer. The Shanghai theme park is going to open in June. With the catalyst of Star Wars and theme parks, they should do quite well. Trading at 17.5X earnings with a double digit growth rate.


Price:
$99.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 BUY on WEAKNESS Must be logged in to use chart EA-Q Electronics Arts Inc

This company is changing the way we are doing things. The industry is going from console gaming into more of the mobile gaming. Have done a very good job of transitioning to that revenue source. Have also done well by reducing the number of games that they issue yearly, and increasing the quality. Also, have a partnership with Disney (DIS-N) in creating Star Wars games. Trading just slightly below the 200 day moving average. It has been a long-term mover and has done very well. Buy this on Dips.


Price:
$64.480
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 TOP PICK Must be logged in to use chart FB-Q Facebook

They continue to grow their user base and are currently at 1.55 billion at this time. Continuing to build out their other franchises such as Instagram Messenger and WhatsApp. Their competitive advantage in the social media space continues to be strong. Very strong global branding. Also, have very strong access to user data, so they can advertise to that.


Price:
$98.370
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 COMMENT Must be logged in to use chart GE-N General Electric

The consistent bellwether on the US economy. It continues to move along in the same way as the rest of the market. Sold his holdings in late 2015 in order to move into some other names. He likes the name longer-term. Valuation has started to get a little bit stretched. There are other names, such as Southwest Airlines (LUV-N), that he would prefer.


Price:
$29.060
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-01-14 COMMENT Must be logged in to use chart GILD-Q Gilead Sciences Inc.

Lately rotation has been out of biotech and healthcare sectors. This is trading at just under 8X forward earnings with a very good double digit long-term growth rate. There have been concerns about pricing. If the Democrats get into the White House, the question is how will that affect biotech companies and drug pricing. He still likes this. There are concerns that it has fallen below the 200 day moving average. If there is an opportunity to Sell here and Buy back later, he will be considering it.


Price:
$93.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 PAST TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

(A Top Pick Dec 4/14. Up 34.8%.) Still likes this. Trading at about 25X earnings with a very high double digit growth rate. A 1.4X Peg ratio, which is pretty cheap for a world class name like this. Still sees very good growth and monetization in their mobile and video segment. The new CFO is doing a great job. Probably not a bad spot to start picking away.


Price:
$731.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 DON'T BUY Must be logged in to use chart IBM-N IBM

A very good example of old technology versus new technology. It appears cheap from a fundamental level, trading at 9X on a forward basis and 8X on a trailing basis. The growth rate is the issue. There is a lack of confidence that this company can transition from more of its legacy technologies such as software, etc., to more of the analytics, the cloud, mobile and security.


Price:
$132.910
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-01-14 PAST TOP PICK Must be logged in to use chart MET-N Metlife

(A Top Pick Dec 4/14. Down 18.89%.) Just sold it in September at around $47 and $48. The stock tends to move with bond yields, and they are not moving higher just yet. Still cheap at 9X forward earnings. If you want more of a stable movement and a 3.4% dividend, this is a good name to own.


Price:
$43.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-01-14 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Prefers Sun Life (SLF-T) because of the better dividend profile and being slightly more diversified. Interest rates have continued to move down, and insurers tend to move with interest rates as well as with equity markets. The dividend of 3.6% is safe. He is underweight most Canadian financials, including the insurers.


Price:
$18.820
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-01-14 TOP PICK Must be logged in to use chart NKE-N Nike Inc

World’s largest maker of apparel and footwear. Footwear is 60% of their revenue. They continue to do well across all lines in key geographies, including China. Their big opportunity is in women’s apparel on a go forward basis. Have beaten consensus earnings in the last 14 consecutive quarters. Recently announced a 14% dividend increase and a $12 billion share buyback. Growth rate is probably 14-15%. The recent weakness, down to the 200 day moving average, represents a good buying opportunity. Dividend yield of 1.09%.


Price:
$58.510
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-01-14 COMMENT Must be logged in to use chart PANW-N Palo Alto Networks

Cyber Security problems are not going to go away, but is probably going to get much worse, whether it involves governments, large corporations, banks or terrorism. This space will continue to be strong. This company happens to be one of the stronger or higher growth type of names in the area. Growing at well over 40% on a long-term growth basis. On this kind of name, you are going to want to trade or hold for a long-term. Trading just below its 200 day moving average.


Price:
$159.120
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
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