Stan Wong

Independence of central banks is important. That's why we've seen weakness in the US dollar relative to other currencies. That policy uncertainty has been something to consider in the US. But when you look at markets and the drive from technology and AI-themed stocks, the market continues to be strong.

He does like those areas, as well as industrials and communications. Other sectors are a bit too defensive at this juncture.

Often overlooked as people focus on SU and CNQ. He doesn't own energy names right now, due to weakness in the oil patch and crude oil prices. Concerns of global slowdown. Chart looks more attractive than many other energy names. Price has moved up since April lows, 200-day MA has been pretty steady. Decent dividend of ~2.4%, looks fairly solid.

Valuation fairly attractive, low relative to other mega-cap tech names. Chart doesn't speak to a positive buy, lower lows and lower highs. Price is below a falling 200-day MA. Investment community has shown disdain for every announcement on AI.

Brand-new high today, trades at 35x forward PE. Fairly attractive growth expectations going forward with 43% expected EPS growth this year, 22% for 2026, and 17% for 2027. Close to overbought with 64 RSI. If you own, hold. To get in, wait for pullback.

Likes cybersecurity theme, as threats will only grow in the future and get more costly. Fairly volatile, so he trades it. Now at 200-day MA, where there's been some support. Chance of a small rebound. Trades at 98x forward PE for 17% EPS growth. All these names trade at a premium.

AI and grid expansion tailwinds are helping this US utility company. Benefiting from collaboration with BlackRock infrastructure. Higher highs and higher lows, and above 200-day MA. Yield is 3%.

Bit of a downtrend for past year or so. 200-day MA has been falling, with stock price consistently below that. Not meeting some of his technical factors. Dividend remains steady, may increase depending on how oil prices go. Oil down and oversupplied. Yield is 5.4%.

About 25% Canadian banks, 30% energy. High-dividend type of strategy, mostly large-cap names. Yield ~4.5%, which grows about 8% a year. Returns of 16.5% over last 5 years on average. Not high growth, but reliable. Likes its diversification over XDV.

About 38-39% banks, energy is less than 30%. OK, but he prefers the diversification of XEI. Yield is 4.2%.

Pretty cautious on consumer names, since we're about mid-late cycle economically. Interest rates coming down might help the consumer. Stocked popped on optimism around the turnaround story. 200-day MA trend continues lower. Tariffs are an issue. Premium at 45x forward PE for 15-19% EPS growth.

In the consumer space, he'd prefer names like DOL or TJX. Downshift in spending going on now.

Pretty cautious on consumer names, since we're about mid-late cycle economically. Interest rates coming down might help the consumer. In the consumer space, he'd prefer a name like this. Downshift in spending going on now.

Pretty cautious on consumer names, since we're about mid-late cycle economically. Interest rates coming down might help the consumer. In the consumer space, he'd prefer a name like this. Downshift in spending going on now.

Weak outlook for the name. Q3 guidance calls for 10% revenue growth going forward, earnings forecast slightly negative. He needs to see double-digit earnings growth for companies. US tariff of 28% on Vietnamese production pressures margins. Fashion trend for ugly shoes is fading.