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

Expert Index

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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
2015-05-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The S&P 500 is eking out another record high today, with the Dow and NASDAQ pretty close. In the last little while we have seen a narrow range. There is not a lot of direction. We are making new highs, but are not making meaningful very, very strong moves on the upside. Given that we have some traditional seasonal weakness ahead of us; markets could probably tread water for a while. There is some trepidation about equity valuations and there are the US$ headwinds as well as the Fed’s shift in policy. At this point you want to be cautious. Expect markets will grind higher for the year, but over the next few months you want to be somewhat cautious. Generally speaking the May to October period tends to be somewhat softer. Not only are the markets weaker, but valuations are also stretched at 17 or 18 times earnings.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2015-05-21 PAST TOP PICK Must be logged in to use chart ADS-XETRA Adidas

(A Top Pick April 9/14. Down 19.62%.) Valuations had looked decent, which is why he had gotten into the name. He liked the consumer side of things. Had to sell his holdings in October because of a profit warning because of Russia, as well as they were going to retail their golf division.


Price:
$0.001
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2015-05-21 COMMENT Must be logged in to use chart BABA-N Alibaba Group Holding

Some of the recent concerns are that they are getting sued by places like Gucci, etc., for presumably knowing that some of the goods are being sold that are counterfeit. Valuations are actually not too bad, and their growth characteristics are quite incredible going forward, but treat this was some caution.


Price:
$93.880
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2015-05-21 COMMENT Must be logged in to use chart BAC-N Bank of America

He prefers Citigroup (C-N) and J.P. Morgan (JPM-N). This bank, more recently, has moved a bit more sideways. He can’t say that this is one of the cheaper banks from a Price to Book valuation ratio. He doesn’t mind the stock and thinks it will do okay.


Price:
$16.730
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2015-05-21 HOLD Must be logged in to use chart CELG-Q Celgene Corp

A lot of large biotech names have been kind of flat lining lately. The biotech sector has taken off quite a bit, and there are some rumblings that it is a bubbling area or expensive. He would disagree with that. They are rather cheap in terms of their PE relative to their growth ratios. He likes these areas. The long-term growth expectations are still very strong.


Price:
$116.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2015-05-21 WATCH Must be logged in to use chart CNR-T Canadian National R.R.

Some of the rails in Canada have done extremely well until recently. They started to flat line and then fall. This one has fallen below its 200 day moving average, which signals that something is up with the stock. Thinks some of the rail shipments, in terms of volume, are a little bit lower than normal. He would wait to see where it goes.


Price:
$74.490
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2015-05-21 TOP PICK Must be logged in to use chart DOL-T Dollarama Inc.

He bought this at the 50 day moving average, which is the support level where he likes to buy stocks. They have 900 stores in Canada, which makes it 5X bigger than the next Canadian dollar store. They operate in a very attractive and growing segment of the retail space. There is still a lot of room for organic growth in Canada. Their plans are to go to 1400 stores. Yield of 0.51%.


Price:
$70.050
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2015-05-21 COMMENT Must be logged in to use chart EA-Q Electronics Arts Inc

This has done extremely well. A very strong earnings and beat in the last several quarters. Has outperformed its nearest competitors. There is a sector shift from traditional gaming console games into the more digital space. The one concern is that they just lost the person in charge of that, to Nintendo. They have a partnership with Disney (DIS-N) to create games surrounding the upcoming Star Wars video. Looks like an interesting name.


Price:
$62.690
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2015-05-21 HOLD Must be logged in to use chart F-N Ford Motor

A lot of auto manufacturers have had some recall issues, and hopefully that is behind us. That is what has probably cut the automakers shares off a bit. Likes the auto sector in terms of the manufacturers. This is a good value name and he likes it. (See Top Picks.)


Price:
$15.510
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
2015-05-21 PAST TOP PICK Must be logged in to use chart GILD-Q Gilead Sciences Inc.

(A Top Pick April 9/14. Up 57.42%.) There is some competition from AbbVie (ABBV-N), but when you look at their market share of the hepatitis C vaccine market, they own about 85%-90% and are going to retain that. Their drugs are much easier to take, and a much better format in terms of how they are prescribed, etc. The stock is trading at 10X forward PE with probably a 15% growth rate.


Price:
$111.220
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2015-05-21 TOP PICK Must be logged in to use chart GM-N General Motors Corporation

Basically bought this right at the 200 day moving average. 2nd largest manufacturer globally in terms of cars and trucks. US auto demand trend is still moving higher based on improving consumer confidence. Lower gasoline prices are going to bode well for their light truck and SUV market. Average age of autos is 11 years plus, which is a catalyst for the demand refresh cycle. Recently announced a $5 billion buyback. Trading at 7X forward PE with a 12% long-term growth rate. Dividend yield of 4.05%.


Price:
$35.580
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2015-05-21 COMMENT Must be logged in to use chart GOOGL-Q Google

This is attractive. Trading at 1 or 1.1 PEG ratio. It’s PE relative to its growth is relatively attractive. They’re spending a lot of money on R&D, which will bode very good benefits down the road. Thinks this is a name that will command a stronger premium once again.


Price:
$556.810
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2015-05-21 TOP PICK Must be logged in to use chart LUV-N Southwest Airlines

This, along with the other airlines, dropped about 8%-10% yesterday, based on concerns about capacity and pricing pressures based on too much competition. That was well overdone. It oversold down to the 200 day moving average. All revenues are US domestic, so you don’t have to worry about the US$ tailwinds. Very healthy balance sheet. Dividend yield of 0.81%.


Price:
$37.230
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2015-05-21 PAST TOP PICK Must be logged in to use chart MA-N Mastercard Inc.

(A Top Pick April 9/14. Up 27.14%.) There is a long-term secular shift from cash into electronic payments. There are lots of growth avenues, such as international expansion, mobile payment expansion, Apple Pay and prepaid cards. Valuations are decent for this premier name.


Price:
$92.900
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2015-05-21 COMMENT Must be logged in to use chart MFC-T Manulife Financial

This is starting to track a little bit better than Sun Life (SLF-T), which he owns. As interest rates start to edge upwards, this should do well. As equity markets do well, insurers also do well. The dividend is stable and will continue to move forward.


Price:
$23.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
CAUTIOUS
Owned:
No
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