Stan Wong
Member since: Jun '09
Director & Portfolio Manager at
Private Wealth Management, ScotiaMcleod
Private Wealth Management, ScotiaMcleod
Reveal Expert Rating
2275 Opinions
Latest Top Picks
(A Top Pick Jun 09/20, Up 33%) Outperformed the broader TSX. Will continue to do well as vaccines roll out for the next 12 months. Solid balance sheet. Higher octane stock, expect some turbulence.
(A Top Pick Jun 09/20, Up 21%) Performed well during the pandemic, fell off with the rotation to cyclicals, and now rebounding. Long-term, a great company. Leader in efficient real estate use. Trades at a premium 35x earnings, with a 10% growth rate. A premium name.
(A Top Pick Jun 09/20, Up 28%) The exchange, plus market data. Recurring, organic revenues. 24x earnings, with a 7% growth rate. Getting a bit expensive, so he's trimming. Long-term, a good name.
Second largest global payments system after Visa. Taps into a more normal economic backdrop and especially lucrative travel transactions. Long growth runway of moving from cash to digital. Annualized revenue growth should grow to 17%. Yield is 0.47%. (Analysts’ price target is $392.65)
Based in Switzerland. World's largest wealth and asset manager. Universal Bank in Switzerland, and a global and investment bank. Solid balance sheet. Strong capital and liquidity metrics. Broad economic recovery will help European banks. Trading at just below book value. Shares look healthy technically speaking. Yield is 1.15%. (Analysts’ price target is $17.13)
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
April 7, 2021
Are people too euphoric? No. Markets are full of optimism. Though there will be bumps along the road, we continue to make new highs as worldwide vaccine progress continues. US stimulus plans should bridge economies until we reach herd immunity. The IMF has boosted world growth GDP for the second time in 3 months, the strongest annual GDP expansion since 1980. Safe to favour equities over bonds, cyclicals over defensives, and corporate bonds over government ones. Commodity prices should continue to gain traction.
Show full opinionHide full opinion
Are people too euphoric? No. Markets are full of optimism. Though there will be bumps along the road, we continue to make new highs as worldwide vaccine progress continues. US stimulus plans should bridge economies until we reach herd immunity. The IMF has boosted world growth GDP for the second time in 3 months, the strongest annual GDP expansion since 1980. Safe to favour equities over bonds, cyclicals over defensives, and corporate bonds over government ones. Commodity prices should continue to gain traction.
COMMENT
COMMENT
April 7, 2021
Inflation. One of the risks to consider. We might see 2% inflation, but not excessive. Bond yields have calmed down. Another bump in the road would be if the Covid variants get out of hand. Rapid vaccine rollout in US and parts of Europe will help the reopening trade and cyclical stocks. Though we're not feeling it here in Canada yet.
Show full opinionHide full opinionInflation. One of the risks to consider. We might see 2% inflation, but not excessive. Bond yields have calmed down. Another bump in the road would be if the Covid variants get out of hand. Rapid vaccine rollout in US and parts of Europe will help the reopening trade and cyclical stocks. Though we're not feeling it here in Canada yet.
COMMENT
COMMENT
April 7, 2021
Canada or US now? Has been overweight US for many years. Now it's time to look at Canada and internationally, including Asia and Europe. In Europe, it's value and financial stocks. You can't beat the depth and breadth of the companies in the US, but now's the time to look beyond.
Show full opinionHide full opinionCanada or US now? Has been overweight US for many years. Now it's time to look at Canada and internationally, including Asia and Europe. In Europe, it's value and financial stocks. You can't beat the depth and breadth of the companies in the US, but now's the time to look beyond.
COMMENT
COMMENT
April 7, 2021
Which US bank to buy? US banks are great, one of the top performing industries in the S&P. Focus on valuation, trading below or near book value like WFC, Citi, and CFG.
Show full opinionHide full opinionWhich US bank to buy? US banks are great, one of the top performing industries in the S&P. Focus on valuation, trading below or near book value like WFC, Citi, and CFG.
BUY
BUY
April 7, 2021
US banks are great, one of the top performing industries in the S&P. WFC has a great valuation, trading around book value, and it didn't do that great in 2020.
Show full opinionHide full opinionUS banks are great, one of the top performing industries in the S&P. WFC has a great valuation, trading around book value, and it didn't do that great in 2020.
banks
BUY
BUY
April 7, 2021
One of the larger regionals. Has done very well. More in retail and commercial banking. Still cheap. Great yield of 3.5%.
Show full opinionHide full opinionOne of the larger regionals. Has done very well. More in retail and commercial banking. Still cheap. Great yield of 3.5%.
DON'T BUY
DON'T BUY
April 7, 2021
Grocery business is extremely competitive. He'd rather focus on Costco, Walmart, Amazon through Whole Foods. Private label investment putting pressure on margins plus its unionized workforce have been headwinds. 15x earnings for a 5% growth rate is not compelling at this part of the cycle.
food stores
BUY WEAKNESS
BUY WEAKNESS
April 7, 2021
Global name. Just hit a new high today, a positive technical indicator. Fee is 46 basis points. He likes the commodity sector, but prefers the industrial metals like copper or aluminum. But lumber's not far behind. Getting a bit overbought, so could be due for a pause. Perhaps buy some and wait for a pullback to buy more.
Show full opinionHide full opinionGlobal name. Just hit a new high today, a positive technical indicator. Fee is 46 basis points. He likes the commodity sector, but prefers the industrial metals like copper or aluminum. But lumber's not far behind. Getting a bit overbought, so could be due for a pause. Perhaps buy some and wait for a pullback to buy more.
E.T.F.'s
COMMENT
COMMENT
April 7, 2021
Fee is 72 basis points. Europe is a value space, which has started to outperform growth. He'd rather own the underlying securities, as you get a better return without the covered call overlay.
Show full opinionHide full opinionFee is 72 basis points. Europe is a value space, which has started to outperform growth. He'd rather own the underlying securities, as you get a better return without the covered call overlay.
E.T.F.'s
BUY
BUY
April 7, 2021
HD vs. LOW Staying at home has benefited both. Post-pandemic, they can benefit even further from pent-up demand for larger, professional contracts. LOW has outperformed HD since last March, trading at 20x earnings vs. 24x for HD. LOW has a stronger growth rate, 14% vs. HD at 9%. Both names are great, but LOW gets the edge.
HD vs. LOW Staying at home has benefited both. Post-pandemic, they can benefit even further from pent-up demand for larger, professional contracts. LOW has outperformed HD since last March, trading at 20x earnings vs. 24x for HD. LOW has a stronger growth rate, 14% vs. HD at 9%. Both names are great, but LOW gets the edge.
specialty stores
BUY
BUY
April 7, 2021
LOW vs. HD Staying at home has benefited both. Post-pandemic, they can benefit even further from pent-up demand for larger, professional contracts. LOW has outperformed HD since last March, trading at 20x earnings vs. 24x for HD. LOW has a stronger growth rate, 14% vs. HD at 9%. Both names are great, but LOW gets the edge.
LOW vs. HD Staying at home has benefited both. Post-pandemic, they can benefit even further from pent-up demand for larger, professional contracts. LOW has outperformed HD since last March, trading at 20x earnings vs. 24x for HD. LOW has a stronger growth rate, 14% vs. HD at 9%. Both names are great, but LOW gets the edge.
misc industrial products
BUY
BUY
April 7, 2021
Likes the US financials here. Trading at 13x, with a 20% earnings growth rate. Decent valuation. 1.5x price to book.
Show full opinionHide full opinionLikes the US financials here. Trading at 13x, with a 20% earnings growth rate. Decent valuation. 1.5x price to book.
investment companies/funds
COMMENT
COMMENT
April 7, 2021
Fears of real estate crash in Canada? There's been talk of this for a very long time. You never know when this will happen. Looking at price metrics, we're right up there. We might have a small correction. But he wouldn't avoid banks or lenders on this basis.
Show full opinionHide full opinionFears of real estate crash in Canada? There's been talk of this for a very long time. You never know when this will happen. Looking at price metrics, we're right up there. We might have a small correction. But he wouldn't avoid banks or lenders on this basis.
BUY
BUY
April 7, 2021
A great name long-term. Data usage is doubling in the US every 2 years. They'll constantly need to upgrade. EMs will also need massive investment to upgrade from 4G to 5G. Visibility of revenues is strong. At a bit of a premium.
Show full opinionHide full opinionA great name long-term. Data usage is doubling in the US every 2 years. They'll constantly need to upgrade. EMs will also need massive investment to upgrade from 4G to 5G. Visibility of revenues is strong. At a bit of a premium.
Telecommunications
PAST TOP PICK
PAST TOP PICK
April 7, 2021
(A Top Pick Jun 09/20, Up 33%) Outperformed the broader TSX. Will continue to do well as vaccines roll out for the next 12 months. Solid balance sheet. Higher octane stock, expect some turbulence.
Show full opinionHide full opinion(A Top Pick Jun 09/20, Up 33%) Outperformed the broader TSX. Will continue to do well as vaccines roll out for the next 12 months. Solid balance sheet. Higher octane stock, expect some turbulence.
Transportation
PAST TOP PICK
PAST TOP PICK
April 7, 2021
(A Top Pick Jun 09/20, Up 21%) Performed well during the pandemic, fell off with the rotation to cyclicals, and now rebounding. Long-term, a great company. Leader in efficient real estate use. Trades at a premium 35x earnings, with a 10% growth rate. A premium name.
Show full opinionHide full opinion(A Top Pick Jun 09/20, Up 21%) Performed well during the pandemic, fell off with the rotation to cyclicals, and now rebounding. Long-term, a great company. Leader in efficient real estate use. Trades at a premium 35x earnings, with a 10% growth rate. A premium name.
department stores
PAST TOP PICK
PAST TOP PICK
April 7, 2021
(A Top Pick Jun 09/20, Up 28%) The exchange, plus market data. Recurring, organic revenues. 24x earnings, with a 7% growth rate. Getting a bit expensive, so he's trimming. Long-term, a good name.
Show full opinionHide full opinion(A Top Pick Jun 09/20, Up 28%) The exchange, plus market data. Recurring, organic revenues. 24x earnings, with a 7% growth rate. Getting a bit expensive, so he's trimming. Long-term, a good name.
investment companies/funds
DON'T BUY
DON'T BUY
April 7, 2021
He owns FB, GOOGL, and NFLX. Avoided Apple as it's underperformed since September due to rotation. Right now, its future is more muted with 5% revenue growth and 9% earnings growth over the next several years. It pales compared to the others. Its future depends on how it can expand services.
Show full opinionHide full opinionHe owns FB, GOOGL, and NFLX. Avoided Apple as it's underperformed since September due to rotation. Right now, its future is more muted with 5% revenue growth and 9% earnings growth over the next several years. It pales compared to the others. Its future depends on how it can expand services.
electrical/electronic
DON'T BUY
DON'T BUY
April 7, 2021
With the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
Show full opinionHide full opinionWith the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
Telecommunications
BUY
BUY
April 7, 2021
With the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
Show full opinionHide full opinionWith the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
electrical/electronic
BUY
BUY
April 7, 2021
With the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
Show full opinionHide full opinionWith the worldwide shortage, likes that there's a big impetus to own semiconductor stocks. QCOM is not his top choice. He'd rather look at TSM or NVDA, with higher growth profiles.
computer software/processing
COMMENT
COMMENT
April 7, 2021
Hedged vs. non-hedged ETFs. Right now, with the CAD at 79-80 cents, he'd prefer to be non-hedged. Hedging is more expensive. CAD range is 70-80 cents. To take out the risk of long-term currency fluctuations, you can go hedged, but you may not get the upswing of the USD going back up against the CAD.
Show full opinionHide full opinionHedged vs. non-hedged ETFs. Right now, with the CAD at 79-80 cents, he'd prefer to be non-hedged. Hedging is more expensive. CAD range is 70-80 cents. To take out the risk of long-term currency fluctuations, you can go hedged, but you may not get the upswing of the USD going back up against the CAD.
HOLD
HOLD
April 7, 2021
Likes it. Doing very well in gaming, camera technology. Competitive industry. Stock is showing good technical indicators. Keep holding. 14x earnings for an 11% growth rate. Pretty good valuation.
Show full opinionHide full opinionLikes it. Doing very well in gaming, camera technology. Competitive industry. Stock is showing good technical indicators. Keep holding. 14x earnings for an 11% growth rate. Pretty good valuation.
electrical/electronic
SPECULATIVE BUY
SPECULATIVE BUY
April 7, 2021
Long-term yields have stopped moving higher, so growth stocks are not in so much danger. If it breaks down below the 200-day MA of about $527-530, that could be a negative technical indicator. 13x price to sales, whereas the S&P trades at 3x. Strong product, great company. Competition is a concern. You could hold a bit, depending on your risk and horizon.
Show full opinionHide full opinionLong-term yields have stopped moving higher, so growth stocks are not in so much danger. If it breaks down below the 200-day MA of about $527-530, that could be a negative technical indicator. 13x price to sales, whereas the S&P trades at 3x. Strong product, great company. Competition is a concern. You could hold a bit, depending on your risk and horizon.
HOLD
HOLD
April 7, 2021
Really likes it. 22x earnings for a 13-15% growth rate, not bad at all. Equipment maker to make semiconductor chips. In the right place. Be careful if it's swept up again in a tech selloff if yields start moving up again. The most cyclical area in tech is the semi area.
Show full opinionHide full opinionReally likes it. 22x earnings for a 13-15% growth rate, not bad at all. Equipment maker to make semiconductor chips. In the right place. Be careful if it's swept up again in a tech selloff if yields start moving up again. The most cyclical area in tech is the semi area.
electrical/electronic
BUY
BUY
April 7, 2021
A concentrated portfolio of 25 names. Only 35 basis points. The demand/supply imbalance will last for some time. Semiconductors will be an important part of our lives, and demand will continue. Instead, he owns NVDA, a high growth name.
Show full opinionHide full opinionA concentrated portfolio of 25 names. Only 35 basis points. The demand/supply imbalance will last for some time. Semiconductors will be an important part of our lives, and demand will continue. Instead, he owns NVDA, a high growth name.
Unknown
TOP PICK
TOP PICK
April 7, 2021
Second largest global payments system after Visa. Taps into a more normal economic backdrop and especially lucrative travel transactions. Long growth runway of moving from cash to digital. Annualized revenue growth should grow to 17%. Yield is 0.47%. (Analysts’ price target is $392.65)
Show full opinionHide full opinionSecond largest global payments system after Visa. Taps into a more normal economic backdrop and especially lucrative travel transactions. Long growth runway of moving from cash to digital. Annualized revenue growth should grow to 17%. Yield is 0.47%. (Analysts’ price target is $392.65)
other services
TOP PICK
TOP PICK
April 7, 2021
Based in Switzerland. World's largest wealth and asset manager. Universal Bank in Switzerland, and a global and investment bank. Solid balance sheet. Strong capital and liquidity metrics. Broad economic recovery will help European banks. Trading at just below book value. Shares look healthy technically speaking. Yield is 1.15%. (Analysts’ price target is $17.13)
Show full opinionHide full opinionBased in Switzerland. World's largest wealth and asset manager. Universal Bank in Switzerland, and a global and investment bank. Solid balance sheet. Strong capital and liquidity metrics. Broad economic recovery will help European banks. Trading at just below book value. Shares look healthy technically speaking. Yield is 1.15%. (Analysts’ price target is $17.13)
banks
TOP PICK
TOP PICK
April 7, 2021
Second largest in US by market cap, most international-focused by operating revenue. As pace of vaccine rollout accelerates, strong pent-up demand will cause airline traffic to surge. No dividend. (Analysts’ price target is $54.20)
Show full opinionHide full opinionSecond largest in US by market cap, most international-focused by operating revenue. As pace of vaccine rollout accelerates, strong pent-up demand will cause airline traffic to surge. No dividend. (Analysts’ price target is $54.20)
Transportation
COMMENT
COMMENT
February 25, 2021
What do you think of the broad market? With interest rates rising on the long end, risk to higher growth and higher momentum stocks. YTD, we're still doing quite well. Over the next 12-18 months, we'll continue to grind higher. We might be a bit overextended at this point, but markets and investors see a clear line of sight to a global economic recovery. Vaccine rollout is accelerating globally, and we will see normalization and reopening of the economy.
Show full opinionHide full opinionWhat do you think of the broad market? With interest rates rising on the long end, risk to higher growth and higher momentum stocks. YTD, we're still doing quite well. Over the next 12-18 months, we'll continue to grind higher. We might be a bit overextended at this point, but markets and investors see a clear line of sight to a global economic recovery. Vaccine rollout is accelerating globally, and we will see normalization and reopening of the economy.
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