Stan Wong
Member since: Jun '09
Director & Portfolio Manager at
Private Wealth Management, ScotiaMcleod
Private Wealth Management, ScotiaMcleod
2074 Opinions
Latest Top Picks
(A Top Pick Feb 28/19, Up 11%) Disruptive ETF, actively managed. Fintech, autonomous vehicles, next generation cloud computing. More aggressive. Make it only 5-10-15% of your portfolio at the very most. 22% annualized performance over the past 5 years, which is double the performance of the S&P.
(A Top Pick Feb 28/19, Up 34%) The more defensive part of a barbell strategy. Resilient, reliable earnings. People still need it in times of uncertainty and viruses. 22x earnings, 11% growth rate. 80% of revenue comes from consumables. It's important to have some of these names in your portfolio.
(A Top Pick Feb 28/19, Up 19%) Relatively defensive retail name. Nimble, agile, able to respond to fashion and the economy. Amazing earnings report yesterday. Earnings above estimates. Hiked dividend. Announced a buyback. Raised guidance.
One of his favourite names in the FANG space. 90% of revenues from advertising. 32% growth rate in the last 5 years. Earnings also growing at 30%. 21 consecutive quarters of positive earnings. No dividend. (Analysts’ price target is $246.52)
Iconic sports brand. Virus could curb results in near term, but their long-term growth forecast is intact. Cheap for a good growth company at this stage. Yield is 1.11%. (Analysts’ price target is $110.74)
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
February 27, 2020
Markets. A wild ride this week. Over the last 40 years, there have been 23 corrections of 10% or more. It's not abnormal. Start to pick away and buy some bargains. We may take a pause, but the economy won't derail.
Show full opinionHide full opinion
Markets. A wild ride this week. Over the last 40 years, there have been 23 corrections of 10% or more. It's not abnormal. Start to pick away and buy some bargains. We may take a pause, but the economy won't derail.
COMMENT
COMMENT
February 27, 2020
TSX closed because of a technical glitch. Not the first time it's happened, not the last. Volume caused the system to break down. It'll be back to normal. We have a bigger sandbox to play in south of the border. It's panic right now. Be fearful when others are greedy, and greedy when others are fearful.
Show full opinionHide full opinionTSX closed because of a technical glitch. Not the first time it's happened, not the last. Volume caused the system to break down. It'll be back to normal. We have a bigger sandbox to play in south of the border. It's panic right now. Be fearful when others are greedy, and greedy when others are fearful.
COMMENT
COMMENT
February 27, 2020
Bargains - buy in now or wait for stabilization? When the VIX gets to the 40 level, that's when markets usually turn around. Not sure if the next 5% move will be up or down, but he's pretty sure the next 20% move will be up. Looking at things from a longer-term perspective, this is a good time to buy.
Show full opinionHide full opinionBargains - buy in now or wait for stabilization? When the VIX gets to the 40 level, that's when markets usually turn around. Not sure if the next 5% move will be up or down, but he's pretty sure the next 20% move will be up. Looking at things from a longer-term perspective, this is a good time to buy.
COMMENT
COMMENT
February 27, 2020
Coronavirus has jumped the pond, causing consumers to stay home. They'll just shop online. Outbreak procedures are a lot more orderly now. Judging by history, markets drop off, and then they go higher.
Show full opinionHide full opinionCoronavirus has jumped the pond, causing consumers to stay home. They'll just shop online. Outbreak procedures are a lot more orderly now. Judging by history, markets drop off, and then they go higher.
DON'T BUY
DON'T BUY
February 27, 2020
Fallen below 200-day moving average. Technicals don't look great. Mid-single digit growth rate. Dollar General or Target are better names. Valuation is expensive.
Fallen below 200-day moving average. Technicals don't look great. Mid-single digit growth rate. Dollar General or Target are better names. Valuation is expensive.
department stores
BUY
BUY
February 27, 2020
V vs. MSFT Likes Visa's valuation. Likes the secular growth story of moving from cash and cheques to digital payments. MSFT is expensive, at 27x earnings with 12% growth rate. Visa is right at the 200-day moving average, 28x earnings with a 15% growth rate. Nothing wrong with MSFT, but Visa is a better name.
V vs. MSFT Likes Visa's valuation. Likes the secular growth story of moving from cash and cheques to digital payments. MSFT is expensive, at 27x earnings with 12% growth rate. Visa is right at the 200-day moving average, 28x earnings with a 15% growth rate. Nothing wrong with MSFT, but Visa is a better name.
other services
COMMENT
COMMENT
February 27, 2020
MSFT vs. V Likes Visa's valuation. Likes the secular growth story of moving from cash and cheques to digital payments. MSFT is expensive, at 27x earnings with 12% growth rate. Visa is right at the 200-day moving average, 28x earnings with a 15% growth rate. Nothing wrong with MSFT, but Visa is a better name.
MSFT vs. V Likes Visa's valuation. Likes the secular growth story of moving from cash and cheques to digital payments. MSFT is expensive, at 27x earnings with 12% growth rate. Visa is right at the 200-day moving average, 28x earnings with a 15% growth rate. Nothing wrong with MSFT, but Visa is a better name.
computer software/processing
COMMENT
COMMENT
February 27, 2020
A great company. Lots of people own it. One of the largest market weighted companies in the index, so how much are money flows driving the price. When you dig deeper, 60% or more of revenues come from hardware. Revenue growth is not bad at 5.3%, but this is more of a mature company than high growth.
Show full opinionHide full opinionA great company. Lots of people own it. One of the largest market weighted companies in the index, so how much are money flows driving the price. When you dig deeper, 60% or more of revenues come from hardware. Revenue growth is not bad at 5.3%, but this is more of a mature company than high growth.
electrical/electronic
BUY
BUY
February 27, 2020
Below 200-day moving average, which he doesn't like. But Starbucks is a unique brand. Situation is receding in China. Not much revenue comes from China now, but it will. Trades at 26x, with 14-15% growth rate. A name you want to own for the future. Yield is 2.1%.
Show full opinionHide full opinionBelow 200-day moving average, which he doesn't like. But Starbucks is a unique brand. Situation is receding in China. Not much revenue comes from China now, but it will. Trades at 26x, with 14-15% growth rate. A name you want to own for the future. Yield is 2.1%.
food services
WAIT
WAIT
February 27, 2020
Trades at 16x, with a 9% growth rate. Not bad, but he'd look at some other names. Chart moved down to 200-day moving average, which might provide support. Election later this year may bring volatility and uncertainty.
Show full opinionHide full opinionTrades at 16x, with a 9% growth rate. Not bad, but he'd look at some other names. Chart moved down to 200-day moving average, which might provide support. Election later this year may bring volatility and uncertainty.
Transportation
COMMENT
COMMENT
February 27, 2020
JD vs. BABA Took profits in BABA about a month ago. He doesn't have any names from Asia-Pacific right now. Between the two, BABA is the larger name and cheaper PEG, but wait a bit more. Choose something on the US side that's been beaten up.
WAIT
WAIT
February 27, 2020
BABA vs. JD Took profits in BABA about a month ago. He doesn't have any names from Asia-Pacific right now. Between the two, BABA is the larger name and cheaper PEG, but wait a bit more. Choose something on the US side that's been beaten up.
BUY
BUY
February 27, 2020
Likes it. Largest operator of wireless towers. A lease on data. Consumption of data is increasing. Low beta vs. the S&P. Won't jump as much when the market bounces, but a nice long-term name to own.
Show full opinionHide full opinionLikes it. Largest operator of wireless towers. A lease on data. Consumption of data is increasing. Low beta vs. the S&P. Won't jump as much when the market bounces, but a nice long-term name to own.
Telecommunications
PAST TOP PICK
PAST TOP PICK
February 27, 2020
(A Top Pick Feb 28/19, Up 11%) Disruptive ETF, actively managed. Fintech, autonomous vehicles, next generation cloud computing. More aggressive. Make it only 5-10-15% of your portfolio at the very most. 22% annualized performance over the past 5 years, which is double the performance of the S&P.
Show full opinionHide full opinion(A Top Pick Feb 28/19, Up 11%) Disruptive ETF, actively managed. Fintech, autonomous vehicles, next generation cloud computing. More aggressive. Make it only 5-10-15% of your portfolio at the very most. 22% annualized performance over the past 5 years, which is double the performance of the S&P.
Technology
PAST TOP PICK
PAST TOP PICK
February 27, 2020
(A Top Pick Feb 28/19, Up 34%) The more defensive part of a barbell strategy. Resilient, reliable earnings. People still need it in times of uncertainty and viruses. 22x earnings, 11% growth rate. 80% of revenue comes from consumables. It's important to have some of these names in your portfolio.
Show full opinionHide full opinion(A Top Pick Feb 28/19, Up 34%) The more defensive part of a barbell strategy. Resilient, reliable earnings. People still need it in times of uncertainty and viruses. 22x earnings, 11% growth rate. 80% of revenue comes from consumables. It's important to have some of these names in your portfolio.
PAST TOP PICK
PAST TOP PICK
February 27, 2020
(A Top Pick Feb 28/19, Up 19%) Relatively defensive retail name. Nimble, agile, able to respond to fashion and the economy. Amazing earnings report yesterday. Earnings above estimates. Hiked dividend. Announced a buyback. Raised guidance.
Show full opinionHide full opinion(A Top Pick Feb 28/19, Up 19%) Relatively defensive retail name. Nimble, agile, able to respond to fashion and the economy. Amazing earnings report yesterday. Earnings above estimates. Hiked dividend. Announced a buyback. Raised guidance.
clothing stores
BUY
BUY
February 27, 2020
Defensive ETF? Not a bad idea to dip into the broader index at this point after the selloff. SPY is the most well-known name. Now right below the 200-day moving average.
Show full opinionHide full opinionDefensive ETF? Not a bad idea to dip into the broader index at this point after the selloff. SPY is the most well-known name. Now right below the 200-day moving average.
E.T.F.'s
WEAK BUY
WEAK BUY
February 27, 2020
It's everything. Small, mid, large cap. Market weighted. Broadly diversified. At this stage in the economic cycle, he prefers the large cap indices such as SPY or QAL. But VTI will do fine.
E.T.F.'s
WEAK BUY
WEAK BUY
February 27, 2020
BRK.B vs. DG Both somewhat defensive, but DG more so. S&P has outperformed BRK.B, mainly because it has a bit more torque. In the near term, BRK.B has more beta, so it will outperform if there's a market bounce. Be barbelled, and still hold a defensive name. Over the next 12-24 months, still likes DG.
BRK.B vs. DG Both somewhat defensive, but DG more so. S&P has outperformed BRK.B, mainly because it has a bit more torque. In the near term, BRK.B has more beta, so it will outperform if there's a market bounce. Be barbelled, and still hold a defensive name. Over the next 12-24 months, still likes DG.
insurance
BUY
BUY
February 27, 2020
DG vs. BRK.B Both somewhat defensive, but DG more so. S&P has outperformed BRK.B, mainly because it has a bit more torque. In the near term, BRK.B has more beta, so it will outperform if there's a market bounce. Be barbelled, and still hold a defensive name. Over the next 12-24 months, still likes DG.
DG vs. BRK.B Both somewhat defensive, but DG more so. S&P has outperformed BRK.B, mainly because it has a bit more torque. In the near term, BRK.B has more beta, so it will outperform if there's a market bounce. Be barbelled, and still hold a defensive name. Over the next 12-24 months, still likes DG.
PARTIAL BUY
PARTIAL BUY
February 27, 2020
We don't know the magnitude of coronavirus effect. High growth name. Largest online company. Likes it. Very sold off. 16x earnings, with 13% growth rate. Stock's trading in a worst case scenario. A bit concerning that it's below 200-day moving average. Layer in, don't take a full position.
Show full opinionHide full opinionWe don't know the magnitude of coronavirus effect. High growth name. Largest online company. Likes it. Very sold off. 16x earnings, with 13% growth rate. Stock's trading in a worst case scenario. A bit concerning that it's below 200-day moving average. Layer in, don't take a full position.
department stores
COMMENT
COMMENT
February 27, 2020
Where to position in all this uncertainty? Don't chase long bonds at this stage. He has bond ETFs. Don't chase gold. These are overbought asset classes. If you're looking to park cash, he recommends a short-term bond strategy, like BMO's ZST with a 2.1% yield. The ZST'L is even better, as you accumulate the units. Or PMNT, the Pimco global short-term. Don't bail on equities at this point.
Show full opinionHide full opinionWhere to position in all this uncertainty? Don't chase long bonds at this stage. He has bond ETFs. Don't chase gold. These are overbought asset classes. If you're looking to park cash, he recommends a short-term bond strategy, like BMO's ZST with a 2.1% yield. The ZST'L is even better, as you accumulate the units. Or PMNT, the Pimco global short-term. Don't bail on equities at this point.
DON'T BUY
E.T.F.'s
HOLD
HOLD
February 27, 2020
Great company, executing well. Concerned, as it's below 200-day moving average. Underperforming Dollar General, because US consumer is stronger than the Canadian, plus DG is in optimal rural locations.
Great company, executing well. Concerned, as it's below 200-day moving average. Underperforming Dollar General, because US consumer is stronger than the Canadian, plus DG is in optimal rural locations.
Consumer Products
COMMENT
COMMENT
February 27, 2020
Disconnect between gold and the miners and producers. Doesn't own gold miners or producers, as there are always issues. Gold is overbought. He doesn't own either.
Show full opinionHide full opinionDisconnect between gold and the miners and producers. Doesn't own gold miners or producers, as there are always issues. Gold is overbought. He doesn't own either.
WATCH
WATCH
February 27, 2020
Likes it long term. Great job with Disney Plus. But how is the virus affecting their theme parks? Be careful of that right now. There are other names to go to.
Show full opinionHide full opinionLikes it long term. Great job with Disney Plus. But how is the virus affecting their theme parks? Be careful of that right now. There are other names to go to.
entertainment services
TOP PICK
TOP PICK
February 27, 2020
One of his favourite names in the FANG space. 90% of revenues from advertising. 32% growth rate in the last 5 years. Earnings also growing at 30%. 21 consecutive quarters of positive earnings. No dividend. (Analysts’ price target is $246.52)
Show full opinionHide full opinionOne of his favourite names in the FANG space. 90% of revenues from advertising. 32% growth rate in the last 5 years. Earnings also growing at 30%. 21 consecutive quarters of positive earnings. No dividend. (Analysts’ price target is $246.52)
TOP PICK
TOP PICK
February 27, 2020
Iconic sports brand. Virus could curb results in near term, but their long-term growth forecast is intact. Cheap for a good growth company at this stage. Yield is 1.11%. (Analysts’ price target is $110.74)
Show full opinionHide full opinionIconic sports brand. Virus could curb results in near term, but their long-term growth forecast is intact. Cheap for a good growth company at this stage. Yield is 1.11%. (Analysts’ price target is $110.74)
misc consumer products
TOP PICK
TOP PICK
February 27, 2020
Safer part of the barbell approach. US equities that have lower volatility than the broader market. Has outperformed the S&P, with lower volatility. With the economic cycle maturing, you have to have an allocation to safer stuff, whether defensive growth or minimum volatility. Yield is 1.96%.
Show full opinionHide full opinionSafer part of the barbell approach. US equities that have lower volatility than the broader market. Has outperformed the S&P, with lower volatility. With the economic cycle maturing, you have to have an allocation to safer stuff, whether defensive growth or minimum volatility. Yield is 1.96%.
COMMENT
COMMENT
January 30, 2020
Markets in the wake of coronavirus. Something else to worry about. In past epidemics, once the WHO declares an emergency, the market moves up. Not sure if that will happen again, but historically it's happened almost every single time.
Show full opinionHide full opinionMarkets in the wake of coronavirus. Something else to worry about. In past epidemics, once the WHO declares an emergency, the market moves up. Not sure if that will happen again, but historically it's happened almost every single time.
COMMENT
COMMENT
January 30, 2020
Amazon earnings. Doing very well. Decent guidance. Very good numbers on earnings front. Some concern is expense of logistics for one-day Prime, etc. Great long-term story. Have to see what happens over next few days and weeks.
Show full opinionHide full opinionAmazon earnings. Doing very well. Decent guidance. Very good numbers on earnings front. Some concern is expense of logistics for one-day Prime, etc. Great long-term story. Have to see what happens over next few days and weeks.
COMMENT
COMMENT
January 30, 2020
Visa earnings. He owns Visa and Mastercard. Secular digital shift still in progress. Expenses will increase in 2020. Macro risk is economy will slow down. Continues to like it. Be careful of where we are in the cycle. Looks as though we'll avoid a recession in the next year at the very least.
Show full opinionHide full opinionVisa earnings. He owns Visa and Mastercard. Secular digital shift still in progress. Expenses will increase in 2020. Macro risk is economy will slow down. Continues to like it. Be careful of where we are in the cycle. Looks as though we'll avoid a recession in the next year at the very least.
COMMENT
COMMENT
January 30, 2020
Is coronavirus the wild card? Upper end of the 10-year range of the S&P 500. Inflation and interest rates are still low. Pretty good start to earnings season. Difficult to determine impact of virus. Today, countries are more equipped to put a lid on what's happening. His guess is the economy and market will be OK, despite volatility.
Show full opinionHide full opinionIs coronavirus the wild card? Upper end of the 10-year range of the S&P 500. Inflation and interest rates are still low. Pretty good start to earnings season. Difficult to determine impact of virus. Today, countries are more equipped to put a lid on what's happening. His guess is the economy and market will be OK, despite volatility.
HOLD
HOLD
January 30, 2020
Amazing price performance. Trading 23x forward earnings. 10-12% EPS growth. His concern is that growth is driven by flows into ETFs. Plus, a lot of revenues come from iPhone, and what if issues hit. Revenues have only grown about 5% a year over the last 5 years, whereas other tech is higher. If you own it, hold. But better opportunities elsewhere.
Show full opinionHide full opinionAmazing price performance. Trading 23x forward earnings. 10-12% EPS growth. His concern is that growth is driven by flows into ETFs. Plus, a lot of revenues come from iPhone, and what if issues hit. Revenues have only grown about 5% a year over the last 5 years, whereas other tech is higher. If you own it, hold. But better opportunities elsewhere.
electrical/electronic
WAIT
WAIT
January 30, 2020
Outperforming Amazon. He sold last week because of coronavirus. Likes it long-term. Cheaper than Amazon. He'll look to buy back, but not right now.
COMMENT
COMMENT
January 30, 2020
Bond ETF for a retirement portfolio. XSB is a basket of mostly investment grade corporate bonds. 44 basis points expense ratio. For high-yield bonds, you want to own most US bonds. He owns XHY which is hedged to the CAD. Vanguard and BMO also both offer strategies.
Show full opinionHide full opinionBond ETF for a retirement portfolio. XSB is a basket of mostly investment grade corporate bonds. 44 basis points expense ratio. For high-yield bonds, you want to own most US bonds. He owns XHY which is hedged to the CAD. Vanguard and BMO also both offer strategies.
BUY
BUY
January 30, 2020
XSB is a basket of mostly investment grade corporate bonds. 44 basis points expense ratio. Vanguard and BMO also both offer strategies.
Show full opinionHide full opinionXSB is a basket of mostly investment grade corporate bonds. 44 basis points expense ratio. Vanguard and BMO also both offer strategies.
E.T.F.'s
BUY
BUY
January 30, 2020
For high-yield bonds, you want to own most US bonds. He owns XHY which is hedged to the CAD. Vanguard and BMO also both offer strategies.
Show full opinionHide full opinionFor high-yield bonds, you want to own most US bonds. He owns XHY which is hedged to the CAD. Vanguard and BMO also both offer strategies.
E.T.F.'s
WAIT
WAIT
January 30, 2020
Very similar to S&P 500. Includes names like Microsoft and Amazon. Only 4 basis points. Valuations are rich now, though economy is pretty sturdy. Likes owning the basket, but heavily weighted to tech and to just a few names.
E.T.F.'s
HOLD
HOLD
January 30, 2020
Trading at discount to fair value. Trading 22x forward earnings, 12% earnings growth rate. Getting paid to wait. Middle class and urbanization will push discretionary spending. Tim's is struggling, but is going back to basics. Things will start to turn around soon. Yield is 3.2%.
Show full opinionHide full opinionTrading at discount to fair value. Trading 22x forward earnings, 12% earnings growth rate. Getting paid to wait. Middle class and urbanization will push discretionary spending. Tim's is struggling, but is going back to basics. Things will start to turn around soon. Yield is 3.2%.
food services
WEAK BUY
WEAK BUY
January 30, 2020
Trading right at 200-day moving average. Attractive right now. Suffered because of coronavirus outbreak. Theme parks may be affected if it gets worse. Disney Plus running well. A bit rich. You're paying 25x for high single-digit growth.
Show full opinionHide full opinion