Stan Wong
Member since: Jun '09
Director & Portfolio Manager at
Private Wealth Management, ScotiaMcleod
Private Wealth Management, ScotiaMcleod
1960 Opinions
Latest Top Picks
(A Top Pick Sep 12/18, Up 46%) 7% earnings growth rate. You pay a premium, as we're in late cycle. 2% dividend, low beta. Dominance in US confectionery space. Starting to diversify. Still room to grow, especially as money is rotating to more defensive plays.
(A Top Pick Sep 12/18, Up 20%) Long-term secular growth. Growth of online shopping should continue to support it. Still lots of room to grow. Executed very well. Part of the recent choppiness, but still likes the name.
(A Top Pick Sep 12/18, Up 37%) Healthcare for animals. 33x earnings. Industry is a high-margin business. Consumer doesn't have much pricing power. Greater global need for healthier livestock. Reported 20 consecutive quarters of positive earnings.
Owns and operates wireless communications towers globally. Primarily in US, Brazil, and India. Good time to buy this week with the mini-selloff. Lots of runway for growth, as we need the cell phone data. Great long-term, secular growth rate. Yield is 1.73%. (Analysts’ price target is $220.80)
Products marketed to over 140 countries. Main drugs in diabetes and oncology. Robust pipeline of new drugs, which will drive revenues over the long term. Not too expensive, with an 11-12% growth rate. Yield is 2.65%. (Analysts’ price target is $96.69)
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Your ReactionSignal
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Expert
Chart
COMMENT
COMMENT
September 11, 2019
August bruising, calmer in September? Yes, tough in August. Now 1% away from hitting all-time highs on the S&P. Under the surface, rotation away from growth into value. Not sure if it will hold or not. He's in the camp of since interest rates are low, growth is the place to be over value.
August bruising, calmer in September? Yes, tough in August. Now 1% away from hitting all-time highs on the S&P. Under the surface, rotation away from growth into value. Not sure if it will hold or not. He's in the camp of since interest rates are low, growth is the place to be over value.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
September 11, 2019
Central banks holding steady. Yes, and this bodes well for growth. Interest rates hit a bit of a bottom earlier this week, and the trade moved away from momentum. This is short-lived. Too soon to push the button on the value trade at this point.
Central banks holding steady. Yes, and this bodes well for growth. Interest rates hit a bit of a bottom earlier this week, and the trade moved away from momentum. This is short-lived. Too soon to push the button on the value trade at this point.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
September 11, 2019
Trump calling on the Fed to lower rates. Consensus growth is not too far from the zero line. If US-China trade gets resolved soon, the economy will grind along. It'll push the economy from a 123-month expansion to even longer.
Trump calling on the Fed to lower rates. Consensus growth is not too far from the zero line. If US-China trade gets resolved soon, the economy will grind along. It'll push the economy from a 123-month expansion to even longer.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
September 11, 2019
Asset allocation right now. Overweight US equities compared to Canada. US is a bigger sandbox to play in, and the economy is on a firmer footing. No exposure to Europe. Little exposure to Asia-Pacific, but now neutral on that, awaiting outcome of trade discussions. With passive investing, there is some risk if you're too exposed, as eventually you'll want to turn away from those growthier companies at the top.
Asset allocation right now. Overweight US equities compared to Canada. US is a bigger sandbox to play in, and the economy is on a firmer footing. No exposure to Europe. Little exposure to Asia-Pacific, but now neutral on that, awaiting outcome of trade discussions. With passive investing, there is some risk if you're too exposed, as eventually you'll want to turn away from those growthier companies at the top.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
BUY
BUY
September 11, 2019
Great chart. Technicals are good. Higher highs and higher lows. Recession resilient. 23x earnings, low beta, 11% growth rate. Low volatility. Likes that they're mostly in rural locations. 75% of Americans live within 5 miles of a Dollar General.
Great chart. Technicals are good. Higher highs and higher lows. Recession resilient. 23x earnings, low beta, 11% growth rate. Low volatility. Likes that they're mostly in rural locations. 75% of Americans live within 5 miles of a Dollar General.
BUY
BUY
September 11, 2019
Likes it. Bit of a monopoly on the business. Near oligopoly. Chart looks strong. Revenue from concerts, ticketing, and sponsorship and advertising.
Likes it. Bit of a monopoly on the business. Near oligopoly. Chart looks strong. Revenue from concerts, ticketing, and sponsorship and advertising.
entertainment services
DON'T BUY
DON'T BUY
September 11, 2019
Limited energy in his portfolio, only Enbridge. Sector is trending downwards. Late cycle, when energy is not the best performer.
Limited energy in his portfolio, only Enbridge. Sector is trending downwards. Late cycle, when energy is not the best performer.
E.T.F.'s
COMMENT
COMMENT
September 11, 2019
Is energy having such a tough time because prices are driven internationally? Yes, but there are also pipeline issues in Canada. XLE in the US has started to move up a bit, but he doesn't think it's sustainable.
Is energy having such a tough time because prices are driven internationally? Yes, but there are also pipeline issues in Canada. XLE in the US has started to move up a bit, but he doesn't think it's sustainable.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
BUY
BUY
September 11, 2019
Recession resilient. Trash is good business, especially when times are tough. We're in late cycle, with a slowdown down the road. Great chart. Higher highs and lows. 25x earnings, low beta, 9% growth. Largest out there right now, and continue to grow by acquisition. (Analysts’ price target is $123.00)
Recession resilient. Trash is good business, especially when times are tough. We're in late cycle, with a slowdown down the road. Great chart. Higher highs and lows. 25x earnings, low beta, 9% growth. Largest out there right now, and continue to grow by acquisition. (Analysts’ price target is $123.00)
environmental
DON'T BUY
DON'T BUY
September 11, 2019
Cyclical. 200-day moving average has been falling. Stock meandering sideways. Cheap at 8.8x, but it's cheap for a reason. Late cycle. Risk is its reliance on Detroit automakers.
Cyclical. 200-day moving average has been falling. Stock meandering sideways. Cheap at 8.8x, but it's cheap for a reason. Late cycle. Risk is its reliance on Detroit automakers.
Consumer Products
COMMENT
COMMENT
September 11, 2019
Seeking value without questioning the P/E. Important to also look at the macro-economic cycle. Recently, banks and US energy have started to move higher. But he asks where we are in the cycle. Those aren't your usual names to move higher at this point. You really want to look at sector and where we are in the cycle.
Seeking value without questioning the P/E. Important to also look at the macro-economic cycle. Recently, banks and US energy have started to move higher. But he asks where we are in the cycle. Those aren't your usual names to move higher at this point. You really want to look at sector and where we are in the cycle.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
DON'T BUY
DON'T BUY
September 11, 2019
Lots of rhetoric around pharma around election time, but not a lot gets changed. An equal weight ETF. Hasn't done well. Prefers Vanguard's VHT in the US, cheaper and a market weighted strategy with Pfizer, Merck, and Abbott Labs.
Lots of rhetoric around pharma around election time, but not a lot gets changed. An equal weight ETF. Hasn't done well. Prefers Vanguard's VHT in the US, cheaper and a market weighted strategy with Pfizer, Merck, and Abbott Labs.
E.T.F.'s
COMMENT
COMMENT
September 11, 2019
Bit of rotation from banks to insurers. High dividend, exposure to Asia-Pacific. Long-term demographics make sense. Low interest rates are a headwind.
Bit of rotation from banks to insurers. High dividend, exposure to Asia-Pacific. Long-term demographics make sense. Low interest rates are a headwind.
insurance
PAST TOP PICK
PAST TOP PICK
September 11, 2019
(A Top Pick Sep 12/18, Up 46%) 7% earnings growth rate. You pay a premium, as we're in late cycle. 2% dividend, low beta. Dominance in US confectionery space. Starting to diversify. Still room to grow, especially as money is rotating to more defensive plays.
(A Top Pick Sep 12/18, Up 46%) 7% earnings growth rate. You pay a premium, as we're in late cycle. 2% dividend, low beta. Dominance in US confectionery space. Starting to diversify. Still room to grow, especially as money is rotating to more defensive plays.
food processing
PAST TOP PICK
PAST TOP PICK
September 11, 2019
(A Top Pick Sep 12/18, Up 20%) Long-term secular growth. Growth of online shopping should continue to support it. Still lots of room to grow. Executed very well. Part of the recent choppiness, but still likes the name.
(A Top Pick Sep 12/18, Up 20%) Long-term secular growth. Growth of online shopping should continue to support it. Still lots of room to grow. Executed very well. Part of the recent choppiness, but still likes the name.
other services
PAST TOP PICK
PAST TOP PICK
September 11, 2019
(A Top Pick Sep 12/18, Up 37%) Healthcare for animals. 33x earnings. Industry is a high-margin business. Consumer doesn't have much pricing power. Greater global need for healthier livestock. Reported 20 consecutive quarters of positive earnings.
(A Top Pick Sep 12/18, Up 37%) Healthcare for animals. 33x earnings. Industry is a high-margin business. Consumer doesn't have much pricing power. Greater global need for healthier livestock. Reported 20 consecutive quarters of positive earnings.
Consumer Products
BUY
BUY
September 11, 2019
Cable
BUY WEAKNESS
BUY WEAKNESS
September 11, 2019
Likes it at these levels. 11% earnings growth rate, dividend of 2.7%, beta just less than the market. Better relationships with Tim's franchisees. When these dips come along, it's good to buy. The recent 3G selloff doesn't concern him. Very competitive space, will continue to acquire smaller companies.
Likes it at these levels. 11% earnings growth rate, dividend of 2.7%, beta just less than the market. Better relationships with Tim's franchisees. When these dips come along, it's good to buy. The recent 3G selloff doesn't concern him. Very competitive space, will continue to acquire smaller companies.
food services
WAIT
WAIT
September 11, 2019
About a 6.2% dividend. When things are moving higher, you want to own the underlying equities or ETF. And utilities are breaking new highs.
About a 6.2% dividend. When things are moving higher, you want to own the underlying equities or ETF. And utilities are breaking new highs.
E.T.F.'s
HOLD
HOLD
September 11, 2019
Long runway for growth. Much greater market in China. Has been held back by trade relations. Will be up and down for a while. Growth story will continue after Jack Ma retires.
Long runway for growth. Much greater market in China. Has been held back by trade relations. Will be up and down for a while. Growth story will continue after Jack Ma retires.
DON'T BUY
DON'T BUY
September 11, 2019
Has some concerns. Stock's been sideways the past year. Much of its revenues come from the iPhone, and they're trying to expand beyond this. People won't pay $1000+ for the next iteration of the phone. Lots of cash flow and cash on the books. Would look elsewhere for growth. Doesn't see how its streaming will fit in with the landscape.
Has some concerns. Stock's been sideways the past year. Much of its revenues come from the iPhone, and they're trying to expand beyond this. People won't pay $1000+ for the next iteration of the phone. Lots of cash flow and cash on the books. Would look elsewhere for growth. Doesn't see how its streaming will fit in with the landscape.
electrical/electronic
DON'T BUY
DON'T BUY
September 11, 2019
US banks have popped in last few days. He's underweight US banks. Still reeling from accounting scandal. Technicals are weak. Barely above the 200-day moving average. Flattening yield curve affecting it negatively. Net interest margins are weak. Value play, dividend is nice. Growth and total return weak.
US banks have popped in last few days. He's underweight US banks. Still reeling from accounting scandal. Technicals are weak. Barely above the 200-day moving average. Flattening yield curve affecting it negatively. Net interest margins are weak. Value play, dividend is nice. Growth and total return weak.
investment companies/funds
COMMENT
COMMENT
September 11, 2019
Canadian ETF that holds only big US tech companies? No, not one in Canadian dollars. There are NASDAQ 100 ETFs that hold tech as well as consumer services and biotech. BMO has ZNQ and ZQQ. Horizons has HXQ. And iShares has XQQ.
Canadian ETF that holds only big US tech companies? No, not one in Canadian dollars. There are NASDAQ 100 ETFs that hold tech as well as consumer services and biotech. BMO has ZNQ and ZQQ. Horizons has HXQ. And iShares has XQQ.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
September 11, 2019
To hedge or not to hedge? For the last several years, you wouldn't have wanted to hedge against the US dollar. He still likes the US dollar over the CAD, and how firm the US economy looks at this stage. He still wants to hold in US dollars and have that exposure right now.
To hedge or not to hedge? For the last several years, you wouldn't have wanted to hedge against the US dollar. He still likes the US dollar over the CAD, and how firm the US economy looks at this stage. He still wants to hold in US dollars and have that exposure right now.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
DON'T BUY
DON'T BUY
September 11, 2019
High beta. He's traded it before. Sideways move during last year, and so is the 200-day moving average. Prefers the larger names in this space like Visa, Mastercard. Square focuses on the small merchants, who are more sensitive to the macro economic environment, especially at this stage of the cycle.
High beta. He's traded it before. Sideways move during last year, and so is the 200-day moving average. Prefers the larger names in this space like Visa, Mastercard. Square focuses on the small merchants, who are more sensitive to the macro economic environment, especially at this stage of the cycle.
BUY WEAKNESS
BUY WEAKNESS
September 11, 2019
Right above the 100-day moving average. Part of the selloff into value. When you see these dips, it's a great time to buy. 17% growth rate. A tollbooth type of company.
Right above the 100-day moving average. Part of the selloff into value. When you see these dips, it's a great time to buy. 17% growth rate. A tollbooth type of company.
other services
BUY
BUY
September 11, 2019
Likes the name. Very competitive space. Extremely strong technicals. Low beta. Somewhat recession resilient. 2.2% dividend. Good name to own.
Likes the name. Very competitive space. Extremely strong technicals. Low beta. Somewhat recession resilient. 2.2% dividend. Good name to own.
food services
COMMENT
COMMENT
September 11, 2019
Loves it, but prefers the dollar stores. Somewhat recession resilient, though not as much as dollar stores or Walmart. Has done extremely well. Valuation is 35x earnings for 10% growth rate. Concerned about valuation and where we are in the cycle.
Loves it, but prefers the dollar stores. Somewhat recession resilient, though not as much as dollar stores or Walmart. Has done extremely well. Valuation is 35x earnings for 10% growth rate. Concerned about valuation and where we are in the cycle.
department stores
TOP PICK
TOP PICK
September 11, 2019
Owns and operates wireless communications towers globally. Primarily in US, Brazil, and India. Good time to buy this week with the mini-selloff. Lots of runway for growth, as we need the cell phone data. Great long-term, secular growth rate. Yield is 1.73%. (Analysts’ price target is $220.80)
Owns and operates wireless communications towers globally. Primarily in US, Brazil, and India. Good time to buy this week with the mini-selloff. Lots of runway for growth, as we need the cell phone data. Great long-term, secular growth rate. Yield is 1.73%. (Analysts’ price target is $220.80)
Telecommunications
TOP PICK
TOP PICK
September 11, 2019
Products marketed to over 140 countries. Main drugs in diabetes and oncology. Robust pipeline of new drugs, which will drive revenues over the long term. Not too expensive, with an 11-12% growth rate. Yield is 2.65%. (Analysts’ price target is $96.69)
Products marketed to over 140 countries. Main drugs in diabetes and oncology. Robust pipeline of new drugs, which will drive revenues over the long term. Not too expensive, with an 11-12% growth rate. Yield is 2.65%. (Analysts’ price target is $96.69)
biotechnology/pharmaceutical
TOP PICK
TOP PICK
September 11, 2019
Online leader in dating space, owning the top 4 sites in North America. Subscription based online dating sites. 44 brands around the world, in 190 countries. Half their revenues come from the US. Asia is one of its largest markets. Meeting online has surpassed meeting through friends. 17% growth rate. A bit of a premium. Good long-term secular growth story. No dividend. (Analysts’ price target is $90.24)
Online leader in dating space, owning the top 4 sites in North America. Subscription based online dating sites. 44 brands around the world, in 190 countries. Half their revenues come from the US. Asia is one of its largest markets. Meeting online has surpassed meeting through friends. 17% growth rate. A bit of a premium. Good long-term secular growth story. No dividend. (Analysts’ price target is $90.24)
COMMENT
COMMENT
July 4, 2019
US stocks hitting record highs. Pushing to new record highs. Weaker economic data fuelling investor optimism because of more dovish Fed rates. From technical perspective, it's a bit frothy. US economic expansion is the longest ever, and will continue. No signs of recession in next 12 months. But good idea to push toward more defensive stocks.
US stocks hitting record highs. Pushing to new record highs. Weaker economic data fuelling investor optimism because of more dovish Fed rates. From technical perspective, it's a bit frothy. US economic expansion is the longest ever, and will continue. No signs of recession in next 12 months. But good idea to push toward more defensive stocks.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
July 4, 2019
A trader's market? Yes, but potential downside risks. Still have US-China trade issue. It will be resolved before US elections next year. Market doesn't want new tariffs. Also have to watch for slowing, aging global economy. Markets continue to push higher, but have to be cautious. Approach equities more selectively going forward.
A trader's market? Yes, but potential downside risks. Still have US-China trade issue. It will be resolved before US elections next year. Market doesn't want new tariffs. Also have to watch for slowing, aging global economy. Markets continue to push higher, but have to be cautious. Approach equities more selectively going forward.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
July 4, 2019
For Fed QE, 25 or 50 basis points? Thinks consensus is 25 points later this month. Look at the FANG index, compared to the S&P which has outperformed by 20%. Don't have too much in tech.
For Fed QE, 25 or 50 basis points? Thinks consensus is 25 points later this month. Look at the FANG index, compared to the S&P which has outperformed by 20%. Don't have too much in tech.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
DON'T BUY
DON'T BUY
July 4, 2019
Doing very, very well. Pushing into new highs this week. Consumer staples tend to do well in latter part of economic cycle. It's somewhat expensive, growth rate is low for him. Decent dividend. Low beta. Owns Dollar General instead. Prefers defensives with growth behind them. How well can it fight long-term against Amazon?
Doing very, very well. Pushing into new highs this week. Consumer staples tend to do well in latter part of economic cycle. It's somewhat expensive, growth rate is low for him. Decent dividend. Low beta. Owns Dollar General instead. Prefers defensives with growth behind them. How well can it fight long-term against Amazon?
department stores
DON'T BUY
DON'T BUY
July 4, 2019
Prefers to own gold rather than the miners. He owns XAU instead. Miners have management and mining risk. If you think US dollar's going to weaken, and an economic issue, you'll want to own the bullion itself.
Prefers to own gold rather than the miners. He owns XAU instead. Miners have management and mining risk. If you think US dollar's going to weaken, and an economic issue, you'll want to own the bullion itself.
E.T.F.'s
COMMENT
COMMENT
July 4, 2019
Price of gold? Broken above an important technical ceiling, so there's more upside. Holds 3-4% gold as a hedge against what else is happening in the other riskier assets in the portfolio.
Price of gold? Broken above an important technical ceiling, so there's more upside. Holds 3-4% gold as a hedge against what else is happening in the other riskier assets in the portfolio.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
HOLD
HOLD
July 4, 2019
Tends to recommend this as more recession-resistant, with a MER of only 8 basis points. Not recession-proof, as it holds some oil and gas. Good dividend strategy.
Tends to recommend this as more recession-resistant, with a MER of only 8 basis points. Not recession-proof, as it holds some oil and gas. Good dividend strategy.
E.T.F.'s
DON'T BUY
DON'T BUY
July 4, 2019
Competition is fierce from Walmart, Costco, Amazon. Has come up since it's in consumer staples. Low beta, decent dividend, but not a lot of growth ahead of it. He'd look at Dollarama or Couche-Tarde instead. Also, Ontario minimum wage increase has been a detriment.
Competition is fierce from Walmart, Costco, Amazon. Has come up since it's in consumer staples. Low beta, decent dividend, but not a lot of growth ahead of it. He'd look at Dollarama or Couche-Tarde instead. Also, Ontario minimum wage increase has been a detriment.
food stores
DON'T BUY
DON'T BUY
July 4, 2019
Chart went down, came back, now is quite flat. Lots of competition ahead from Disney. Kind of expensive. Higher beta. Growth rate susceptible to something going wrong. FANGs have been underperforming the broader market in the last 12 months. Will have to spend a lot to develop original content.
Chart went down, came back, now is quite flat. Lots of competition ahead from Disney. Kind of expensive. Higher beta. Growth rate susceptible to something going wrong. FANGs have been underperforming the broader market in the last 12 months. Will have to spend a lot to develop original content.
Unknown
DON'T BUY
DON'T BUY
July 4, 2019
He prefers the US #1 right now. Internationally, he prefers the Asia-Pacific markets, such as AIA. ZDI has a lot of Europe, and this zone has a lot of issues. Europe is a value play. Start with the US, and expand from there. US is the cleanest shirt in the hamper right now.
He prefers the US #1 right now. Internationally, he prefers the Asia-Pacific markets, such as AIA. ZDI has a lot of Europe, and this zone has a lot of issues. Europe is a value play. Start with the US, and expand from there. US is the cleanest shirt in the hamper right now.
E.T.F.'s
DON'T BUY
DON'T BUY
July 4, 2019
RYT vs. VGT. Basket of tech companies, all under equal weight, costing 40 basis points. Compare it to Vanguard VGT, at only 10 basis points, which has the big boys like Apple, Microsoft, Visa, Mastercard, Cisco. Later in the cycle, you want to be in the larger cap names, greater dividend, more defensive, cash flow is better.
RYT vs. VGT. Basket of tech companies, all under equal weight, costing 40 basis points. Compare it to Vanguard VGT, at only 10 basis points, which has the big boys like Apple, Microsoft, Visa, Mastercard, Cisco. Later in the cycle, you want to be in the larger cap names, greater dividend, more defensive, cash flow is better.
HOLD
HOLD
July 4, 2019
VGT vs. RYT. RYT is a basket of tech companies, all under equal weight, costing 40 basis points. Compare it to Vanguard VGT, at only 10 basis points, which has the big boys like Apple, Microsoft, Visa, Mastercard, Cisco. Later in the cycle, you want to be in the larger cap names, greater dividend, more defensive, cash flow is better.
VGT vs. RYT. RYT is a basket of tech companies, all under equal weight, costing 40 basis points. Compare it to Vanguard VGT, at only 10 basis points, which has the big boys like Apple, Microsoft, Visa, Mastercard, Cisco. Later in the cycle, you want to be in the larger cap names, greater dividend, more defensive, cash flow is better.
E.T.F.'s
PAST TOP PICK
PAST TOP PICK
July 4, 2019
(A Top Pick Jul 04/18, Up 31%) Continues to like it. Changing how they're looking at the consumer. Millennials don't pay as much attention to the cache of the AmEx brand. Secular growth continues to be strong, but when a recession is on the horizon, he'll probably exit his position. Yield is 1.3%, with 8% growth on that dividend.
(A Top Pick Jul 04/18, Up 31%) Continues to like it. Changing how they're looking at the consumer. Millennials don't pay as much attention to the cache of the AmEx brand. Secular growth continues to be strong, but when a recession is on the horizon, he'll probably exit his position. Yield is 1.3%, with 8% growth on that dividend.
investment companies/funds
PAST TOP PICK
PAST TOP PICK
July 4, 2019
(A Top Pick Jul 04/18, Up 21%) Consumer discretionary, but more defensive. Lower beta. Decent growth rate of 10-12%. Nice dividend of 2.9%. Sales performance improving. Focusing on guest experience. Strong dividend income and growth, plus earnings growth.
(A Top Pick Jul 04/18, Up 21%) Consumer discretionary, but more defensive. Lower beta. Decent growth rate of 10-12%. Nice dividend of 2.9%. Sales performance improving. Focusing on guest experience. Strong dividend income and growth, plus earnings growth.
food services
PAST TOP PICK
PAST TOP PICK
July 4, 2019
(A Top Pick Jul 04/18, Down 37%) Stopped out. The Netflix of China. Sentiment got negative around all Chinese firms. Subject to a lot of government scrutiny. Uncertain economic outlook in China affects advertising.
(A Top Pick Jul 04/18, Down 37%) Stopped out. The Netflix of China. Sentiment got negative around all Chinese firms. Subject to a lot of government scrutiny. Uncertain economic outlook in China affects advertising.
Technology
DON'T BUY
DON'T BUY
July 4, 2019
He owns only JP Morgan, it's well managed. Later stages in the cycle. Net interest margins coming down is not good for financials. Since early 2018, any basket of US banks has been underperforming. A lot to do with interest rates. Not looking to add banks at this stage. Be cautious. Look at staples, utilities, or REITs instead.
He owns only JP Morgan, it's well managed. Later stages in the cycle. Net interest margins coming down is not good for financials. Since early 2018, any basket of US banks has been underperforming. A lot to do with interest rates. Not looking to add banks at this stage. Be cautious. Look at staples, utilities, or REITs instead.
E.T.F.'s
WEAK BUY
WEAK BUY