Stock Opinions by Stan Wong - Stockchase Experts
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Stan Wong @

On Stockchase since : Jun 2009

Director & Portfolio Manager

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Stock Opinions by Stan Wong - Stockchase Experts


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COMMENT
General Market Comment 

September 12, 2018

Markets. Noteworthy is how well US equity markets have done despite all the tensions. Hit new all time high just weeks ago. He’s overweight US equities. The narrative of “global synchronized economic growth” has changed. Strong corporate earnings momentum. Solid US jobs and manufacturing reports are giving a positive backdrop to investing in US equities. Bit of tech weakness, and investors are asking if this stumble is going to be a tumble? Be careful if you’re overweight tech. Evaluate each position you have, and for those where the valuation is a little stretched, consider the ones that are strong long-term and not too expensive.

Markets. Noteworthy is how well US equity markets have done despite all the tensions. Hit new all time high just weeks ago. He’s overweight US equities. The narrative of “global synchronized economic growth” has changed. Strong corporate earnings momentum. Solid US jobs and manufacturing reports are giving a positive backdrop to investing in US equities. Bit of tech weakness, and investors are asking if this stumble is going to be a tumble? Be careful if you’re overweight tech. Evaluate each position you have, and for those where the valuation is a little stretched, consider the ones that are strong long-term and not too expensive.

Unknown
Stan Wong

Director &, Private Wealth Manag...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

September 12, 2018

Is money moving out of yield plays overdone? Yes, the talk was that the 10-year would pass 3% and it hasn’t. REITs and telecoms have done well recently. In the last 3 months, consumer staples, utilities, and telecom have outperformed the broader market.

Is money moving out of yield plays overdone? Yes, the talk was that the 10-year would pass 3% and it hasn’t. REITs and telecoms have done well recently. In the last 3 months, consumer staples, utilities, and telecom have outperformed the broader market.

Unknown
Stan Wong

Director &, Private Wealth Manag...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

September 12, 2018

Speculative plays like marijuana. He stays away from crypto and marijuana because valuations are not there, 100s of times PE levels.

Speculative plays like marijuana. He stays away from crypto and marijuana because valuations are not there, 100s of times PE levels.

Unknown
Stan Wong

Director &, Private Wealth Manag...

Price Price
$0.020
Owned Owned
_N/A

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COMMENT
General Market Comment 

September 12, 2018

NAFTA’s impact on Canadian equities. If we see resolution, could see loonie jump and Canadian equities respond. He’s still heavier on the US side. NAFTA won’t look as beneficial to Canada, because the US has more leverage in how they negotiate with Canada and China.

NAFTA’s impact on Canadian equities. If we see resolution, could see loonie jump and Canadian equities respond. He’s still heavier on the US side. NAFTA won’t look as beneficial to Canada, because the US has more leverage in how they negotiate with Canada and China.

Unknown
Stan Wong

Director &, Private Wealth Manag...

Price Price
$0.020
Owned Owned
_N/A

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WATCH
Dollarama Inc.(DOL-T) 

September 12, 2018

Canada-US relations are more important than US-China relations. For specific goods, costs can go up at Dollarama, but for plastics, they can probably find another supplier. The stock was a darling, but now it’s been flat. Has gone below the 200-day moving average, recently a death cross. Concerns regarding NAFTA. Q1 was weak. See what tomorrow’s guidance is before jumping in.

Consumer Products

Canada-US relations are more important than US-China relations. For specific goods, costs can go up at Dollarama, but for plastics, they can probably find another supplier. The stock was a darling, but now it’s been flat. Has gone below the 200-day moving average, recently a death cross. Concerns regarding NAFTA. Q1 was weak. See what tomorrow’s guidance is before jumping in.

Consumer Products
Stan Wong

Director &, Private Wealth Manag...

Price Price
$52.070
Owned Owned
No

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HOLD
Tencent Holdings Ltd(TCEHY-5) 

September 12, 2018

Was a flyer, now caught in negative sentiment surrounding Chinese names. Long-term, a great company. Dominate social media space and gaming. Net revenue growth slowed to 30%, and seeing some weakness in profits. Concerns about US-China relations and regulatory approvals. He’s watching it very closely. Use a stop loss.

Was a flyer, now caught in negative sentiment surrounding Chinese names. Long-term, a great company. Dominate social media space and gaming. Net revenue growth slowed to 30%, and seeing some weakness in profits. Concerns about US-China relations and regulatory approvals. He’s watching it very closely. Use a stop loss.

0
Stan Wong

Director &, Private Wealth Manag...

Price Price
$0.000
Owned Owned
Yes

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WAIT
Applied Materials(AMAT-Q) 

September 12, 2018

emiconductor names have been swept downward because of concerns about demand. Took a stop loss, he’s out of it for now. Stay out until you see blue sky at the end of the tunnel.

electrical/electronic

emiconductor names have been swept downward because of concerns about demand. Took a stop loss, he’s out of it for now. Stay out until you see blue sky at the end of the tunnel.

electrical/electronic
Stan Wong

Director &, Private Wealth Manag...

Price Price
$38.390
Owned Owned
No

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HOLD
AbbVie Inc.(ABBV-N) 

September 12, 2018

Likes it, even though flat this year. Pays a nice dividend of 4.1%, which is expected to grow. Likes the healthcare space. Hold on to it and collect the dividend. 

Likes it, even though flat this year. Pays a nice dividend of 4.1%, which is expected to grow. Likes the healthcare space. Hold on to it and collect the dividend. 

0
Stan Wong

Director &, Private Wealth Manag...

Price Price
$93.240
Owned Owned
Yes

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BUY
Bank of America(BAC-N) 

September 12, 2018

Generally, he likes the US large cap banks. Trading above the 200-day moving average. At some point, interest rates will start picking up and net interest margins will move higher. Fairly cheap. As long as the global and US economies continue to do well, the stock will do fine. Lower tax rate and less regulation are positives. Yield is just under 2%. (Analysts’ price target is just above $34.)

banks

Generally, he likes the US large cap banks. Trading above the 200-day moving average. At some point, interest rates will start picking up and net interest margins will move higher. Fairly cheap. As long as the global and US economies continue to do well, the stock will do fine. Lower tax rate and less regulation are positives. Yield is just under 2%. (Analysts’ price target is just above $34.)

banks
Stan Wong

Director &, Private Wealth Manag...

Price Price
$30.430
Owned Owned
Unknown

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DON'T BUY
Magna Int'l. (A)(MG-T) 

September 12, 2018

NAFTA overhang has held the stock back. Just crossed below the 200-day moving average. Has a 10% growth rate. We’re getting late in the cycle. If we start to see a slowdown, and people renting cars, that will hurt Magna.

Automotive

NAFTA overhang has held the stock back. Just crossed below the 200-day moving average. Has a 10% growth rate. We’re getting late in the cycle. If we start to see a slowdown, and people renting cars, that will hurt Magna.

Automotive
Stan Wong

Director &, Private Wealth Manag...

Price Price
$68.160
Owned Owned
No

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DON'T BUY

Has done OK over past couple of years. Fallen below the 200-day moving average, so he would stay away. Has a 10% growth rate. Instead, look at names in the US or at Couche-Tard.

specialty stores

Has done OK over past couple of years. Fallen below the 200-day moving average, so he would stay away. Has a 10% growth rate. Instead, look at names in the US or at Couche-Tard.

specialty stores
Stan Wong

Director &, Private Wealth Manag...

Price Price
$157.680
Owned Owned
No

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PAST TOP PICK
ING Groep NV(ING-N) 

September 12, 2018

(A Top Pick August 24/17, Down 25%) Sold it in May. Low interest rates in Eurozone continuing, global synchronized growth not happening. Also political risks.

investment companies/funds

(A Top Pick August 24/17, Down 25%) Sold it in May. Low interest rates in Eurozone continuing, global synchronized growth not happening. Also political risks.

investment companies/funds
Stan Wong

Director &, Private Wealth Manag...

Price Price
$12.650
Owned Owned
No

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PAST TOP PICK
United Technologies(UTX-N) 

September 12, 2018

(A Top Pick August 24/17, Up 19%) Still likes the name, but wanted to protect the portfolio. An 11-12% growth rate, decent dividend, diversified. Sold it to buy healthcare names. Want to own this mid-cycle. If we still have a couple of years of growth, and if trade concerns start to abate, names like this and Honeywell will do well.

mngmnt/diversified

(A Top Pick August 24/17, Up 19%) Still likes the name, but wanted to protect the portfolio. An 11-12% growth rate, decent dividend, diversified. Sold it to buy healthcare names. Want to own this mid-cycle. If we still have a couple of years of growth, and if trade concerns start to abate, names like this and Honeywell will do well.

mngmnt/diversified
Stan Wong

Director &, Private Wealth Manag...

Price Price
$133.890
Owned Owned
No

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PAST TOP PICK
Vanguard Emerging ETF(VWO-N) 

September 12, 2018

(A Top Pick August 24/17, Down 6%) Took a stop loss in June, and bought US equities. Long-term, EM is the place to be, but it’s going to have its highs and lows. At some point, once sentiment turns, it’s a spot to get back into.

E.T.F.'s

(A Top Pick August 24/17, Down 6%) Took a stop loss in June, and bought US equities. Long-term, EM is the place to be, but it’s going to have its highs and lows. At some point, once sentiment turns, it’s a spot to get back into.

E.T.F.'s
Stan Wong

Director &, Private Wealth Manag...

Price Price
$40.280
Owned Owned
No

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HOLD
Celgene Corp(CELG-Q) 

September 12, 2018

Stock price has pushed up above the 200-day moving average. Longer term, this is an important space to be in. Good pipeline. Hold onto it at this point. Valuation is cheap. Trading at 9x earnings, expected 20% growth rate.

Consumer Products

Stock price has pushed up above the 200-day moving average. Longer term, this is an important space to be in. Good pipeline. Hold onto it at this point. Valuation is cheap. Trading at 9x earnings, expected 20% growth rate.

Consumer Products
Stan Wong

Director &, Private Wealth Manag...

Price Price
$86.800
Owned Owned
No

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