Opinions by Stan Wong | StockChase
1683
Stan Wong

Director & Portfolio Manager

ON STOCKCHASE SINCE Jun 2009

Private Wealth Management, ScotiaMcleod
675 Cochrane DriveSuite 115Markham, ONL3R 0B8
T: 905-752-1996 F: 905-752-1995 stan.wong@scotiamcleod.com
www.stanwong.com


Opinions by Stan Wong


Signal Opinion Expert Chart
COMMENT
General Market Comment 

April 12, 2018

Market Outlook. Up until last week markets were rattle by the US-China trade tensions. A global trade war won’t help anybody, and the US knows that. Markets dip down to the 200-day moving average (for the S&P500) and turned out to be a good time to buy. Buying on dips makes sense for investors. The nice thing is that the S&P500 is down to 16 to 17 times forward earning, lower than it was a few months ago. We are going to see strong first quarter earnings. Likes Asia, both developed and emerging. In terms of sectors, cyclicals are the favorite. Technology is the second preferred sector for him. Rates are probably going to edge higher but for the time being markets seem to like these below 3% levels.

Market Outlook. Up until last week markets were rattle by the US-China trade tensions. A global trade war won’t help anybody, and the US knows that. Markets dip down to the 200-day moving average (for the S&P500) and turned out to be a good time to buy. Buying on dips makes sense for investors. The nice thing is that the S&P500 is down to 16 to 17 times forward earning, lower than it was a few months ago. We are going to see strong first quarter earnings. Likes Asia, both developed and emerging. In terms of sectors, cyclicals are the favorite. Technology is the second preferred sector for him. Rates are probably going to edge higher but for the time being markets seem to like these below 3% levels.

Unknown
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$0.020
Owned Owned
_N/A

Sign up or Log in to enjoy full view of charts.

COMMENT
General Market Comment 

April 12, 2018

Con you recommend an ETF on US Banks? Some of the broad financials ones are Financial Select Sector SPDR Fund (XLF-N) and Vanguard Financials ETF (VFH-N) and SPDR KBW Bank (KBE-N). If you want Canadian dollars exposure BMO EQUL WGHT US BK INDX CAD UNT ETF (ZBK-T) would be one to consider.

Con you recommend an ETF on US Banks? Some of the broad financials ones are Financial Select Sector SPDR Fund (XLF-N) and Vanguard Financials ETF (VFH-N) and SPDR KBW Bank (KBE-N). If you want Canadian dollars exposure BMO EQUL WGHT US BK INDX CAD UNT ETF (ZBK-T) would be one to consider.

Unknown
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$0.020
Owned Owned
_N/A

Sign up or Log in to enjoy full view of charts.

TOP PICK
AbbVie Inc.(ABBV-N) 

April 12, 2018

A spin-off from Abbott Laboratories (ABT-N). Strong exposure to immunology and oncology medicines. Dividend Yield of 4.2%. The stock sold off because they had a setback on a cancer drugs, but it is overdone in his opinion. Great way to own a strong growing pharma company. (Analysts’ price target is $120.27)

A spin-off from Abbott Laboratories (ABT-N). Strong exposure to immunology and oncology medicines. Dividend Yield of 4.2%. The stock sold off because they had a setback on a cancer drugs, but it is overdone in his opinion. Great way to own a strong growing pharma company. (Analysts’ price target is $120.27)

0
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$92.120
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

PAST TOP PICK
CitiGroup(C-N) 

April 12, 2018

(A Top Pick April 6/17 - Up 20.4%) Still like it. Trading at one times book value. One pf the cheapest in the group. Lighter regulatory environment will benefit them. They have a strong global presence (50% of their revenues).

insurance

(A Top Pick April 6/17 - Up 20.4%) Still like it. Trading at one times book value. One pf the cheapest in the group. Lighter regulatory environment will benefit them. They have a strong global presence (50% of their revenues).

insurance
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$72.130
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

HOLD
Cineplex Inc(CGX-T) 

April 12, 2018

He owns it. Shares are decently valued now trading at 10.5 times enterprise value over EBITDA. Down from 18 times in 2015. Dividend yield is 5.4%. Strong movie slate this year. The premium movie platform is working for them Strong management.

other services

He owns it. Shares are decently valued now trading at 10.5 times enterprise value over EBITDA. Down from 18 times in 2015. Dividend yield is 5.4%. Strong movie slate this year. The premium movie platform is working for them Strong management.

other services
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$30.810
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

COMMENT
Walt Disney(DIS-N) 

April 12, 2018

Used to own it. Trading at just under 11 times Enterprise value over EBITDA which is more or less the 10-years average. He feels neutral on this stock. Long term is probably going to be OK. The fact that is trading below the 200-day moving average stops them from buying it.

entertainment services

Used to own it. Trading at just under 11 times Enterprise value over EBITDA which is more or less the 10-years average. He feels neutral on this stock. Long term is probably going to be OK. The fact that is trading below the 200-day moving average stops them from buying it.

entertainment services
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$100.390
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

COMMENT
Dollarama Inc.(DOL-T) 

April 12, 2018

The stock has done very well. He sees valuations stretched.

Consumer Products

The stock has done very well. He sees valuations stretched.

Consumer Products
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$149.200
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

TOP PICK
Facebook(FB-Q) 

April 12, 2018

Bought more shares in the last weeks. Attractive at this levels of 23 times earning with a 25% long term growth rate. He doesn’t see any major changes to the company’s model of monetizing user’s information for advertisers and ad targeting based on this week’s Congress testimonies. Long term there is a shift from print ads to digital ads and this company is going to benefit from that. (Analysts’ price target is $217.00)

Bought more shares in the last weeks. Attractive at this levels of 23 times earning with a 25% long term growth rate. He doesn’t see any major changes to the company’s model of monetizing user’s information for advertisers and ad targeting based on this week’s Congress testimonies. Long term there is a shift from print ads to digital ads and this company is going to benefit from that. (Analysts’ price target is $217.00)

0
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$163.870
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

PAST TOP PICK

 A leading blue-chip index of 11 Eurozone countries. He sees continued economic expansion in Europe.

E.T.F.'s

 A leading blue-chip index of 11 Eurozone countries. He sees continued economic expansion in Europe.

E.T.F.'s
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$41.320
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

BUY

Is this a good way to play the US financials or you rather play the individual names? There is nothing wrong with this, but this Is focused on the broker-dealers side and you don’t want to miss on some of the retail banks

E.T.F.'s

Is this a good way to play the US financials or you rather play the individual names? There is nothing wrong with this, but this Is focused on the broker-dealers side and you don’t want to miss on some of the retail banks

E.T.F.'s
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$66.080
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

COMMENT
Intel(INTC-Q) 

April 12, 2018

If looking for a well-established dividend paying stock is this a good choice? Like the chip makers but some other names might be cheaper. You can’t argue with the chart with Intel. He likes Applied Materials (AMAT-O) because it is in the semiconductor equipment manufacturer space and it is cheaply valued. They make equipment to make chips, so you avoid deciding who is going to be the winner among the chip makers.

electrical/electronic

If looking for a well-established dividend paying stock is this a good choice? Like the chip makers but some other names might be cheaper. You can’t argue with the chart with Intel. He likes Applied Materials (AMAT-O) because it is in the semiconductor equipment manufacturer space and it is cheaply valued. They make equipment to make chips, so you avoid deciding who is going to be the winner among the chip makers.

electrical/electronic
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$52.720
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

DON'T BUY
Loblaw Companies Ltd(L-T) 

April 12, 2018

Lots of competition from well capitalized companies. Not really compelling form a technical point of view. Some of the reforms affecting the price of the generics drugs affect Shoppers Drug Mart that is owned by this company. There is also food inflation to deal with. Consumers staples in general is a sector that he doesn’t like. Margins are very thin.

food stores

Lots of competition from well capitalized companies. Not really compelling form a technical point of view. Some of the reforms affecting the price of the generics drugs affect Shoppers Drug Mart that is owned by this company. There is also food inflation to deal with. Consumers staples in general is a sector that he doesn’t like. Margins are very thin.

food stores
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$63.840
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

BUY
Morgan Stanley(MS-N) 

April 12, 2018

Financials is the largest weighting of their equity portfolios. Like all the US financial names. A fine name. Rates moving higher and asset prices moving higher are going to benefit a name like this. A good name to own. Big winner going forward. Trading at 1.4 book value which is not bad. (Analysts’ price target is $60)

investment companies/funds

Financials is the largest weighting of their equity portfolios. Like all the US financial names. A fine name. Rates moving higher and asset prices moving higher are going to benefit a name like this. A good name to own. Big winner going forward. Trading at 1.4 book value which is not bad. (Analysts’ price target is $60)

investment companies/funds
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$53.850
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

COMMENT
Netflix Inc.(NFLX-Q) 

April 12, 2018

Never own it. What prevented him from buying it is the valuation trading at about 107 times earnings. The amount of content spending concerns him as well. Disney (DIS-N) is pulling their content out.

Never own it. What prevented him from buying it is the valuation trading at about 107 times earnings. The amount of content spending concerns him as well. Disney (DIS-N) is pulling their content out.

Unknown
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$309.250
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

HOLD

He owns it. Given what is happening with the franchisees and with minimum wages you want to be patient with this name. Longer term is a great franchise. Valuation is pretty decent trading 21 times earnings with a 15% expected growth rate. Good brands underneath the umbrella (Tim’s, Burger King, etc.). In the meantime, you get a 3.3% dividend yield which is not bad given where rates are in Canada. 

food services

He owns it. Given what is happening with the franchisees and with minimum wages you want to be patient with this name. Longer term is a great franchise. Valuation is pretty decent trading 21 times earnings with a 15% expected growth rate. Good brands underneath the umbrella (Tim’s, Burger King, etc.). In the meantime, you get a 3.3% dividend yield which is not bad given where rates are in Canada. 

food services
Stan Wong

Director & Portfolio Manager, Private Wealth Manag...

PricePrice
$70.690
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

Showing 1 to 15 of 1,683 entries
<< < 1 2 3 4 5 > >>

No Comments.


You must be logged in to comment.

Successfully Saved Company