Stan Wong
Member since: Jun '09
Director & Portfolio Manager at
Private Wealth Management, ScotiaMcleod
Private Wealth Management, ScotiaMcleod
1986 Opinions
Latest Top Picks
(A Top Pick Nov 07/18, Up 1%) Costs have gone up for 1-day shipping. Name is strong, clould business is strong. Prime members expected to grow. Long runway for growth as it grows outside North American markets. Risks include spending and regulatory changes. He owns it, but is keeping a close eye on it.
(A Top Pick Nov 07/18, Up 30%) Secular shift from cash to digital. Long-term shift. Not cheap, but not extremely expensive either. Toll booth business. Risk is downturn in global economy. Underweight if you think economy is slowing.
(A Top Pick Nov 07/18, Up 30%) Revenue split between pet care and livestock. Owners are increasingly willing to spend money on pets. Fragmented industry. Huge margins. 20 consecutive quarters of positive earnings surprises. Good name long-term. Bit pricey, but they can catch up.
One of his current themes is to build in more portfolio resilience and protect on the downside. US stocks with lower volatility characteristics than S&P. Geopolitical risks are rising. Names inclue Visa, Coca-Cola, Verizon. Not an expensive MER.
Has done quite well relative to other healthcare names. Wide line of high marketing drugs, and a good pipeline of new drugs. One of the better names. 22 consecutive quarters of positive earnings. Decent PEG ratio. Yield is 2.66%. (Analysts’ price target is $96.29)
0
0
0
0
0
Your ReactionSignal
Opinion
Expert
Chart
COMMENT
COMMENT
October 24, 2019
Big earnings day, Visa beats. Visa, Mastercard are great long-term, secular growth stories. They can fall off if there's a downturn in the economy, but they're fantastic names. Only recently passed 50% worldwide digital transactions, so lots of runway.
Big earnings day, Visa beats. Visa, Mastercard are great long-term, secular growth stories. They can fall off if there's a downturn in the economy, but they're fantastic names. Only recently passed 50% worldwide digital transactions, so lots of runway.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
October 24, 2019
Big beat for Intel, top and bottom line. Good numbers, but Texas Instruments did not. So you have to be selective. De-escalation in US-China tariff wars, plus positive start to Q3 earnings have moved us less than 1% away from S&P all-time highs. Doesn't mean there aren't risks on the horizon.
Big beat for Intel, top and bottom line. Good numbers, but Texas Instruments did not. So you have to be selective. De-escalation in US-China tariff wars, plus positive start to Q3 earnings have moved us less than 1% away from S&P all-time highs. Doesn't mean there aren't risks on the horizon.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
October 24, 2019
Next move for the Fed? A 90% prediction they'll lower interest rates. Dovish stance is also buoying markets. Trading has been sideways since Q1.
Next move for the Fed? A 90% prediction they'll lower interest rates. Dovish stance is also buoying markets. Trading has been sideways since Q1.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
BUY
BUY
October 24, 2019
Likes it. Very strong earnings this morning. Cloud business strong. Long-term looks good. Subscription based model will help quite a bit. Trading at 26x earnings. 10% long-term growth rate. Not exactly cheap, but you are in the tech space. Yield is 1.5%. (Analysts’ price target is $150.17)
Likes it. Very strong earnings this morning. Cloud business strong. Long-term looks good. Subscription based model will help quite a bit. Trading at 26x earnings. 10% long-term growth rate. Not exactly cheap, but you are in the tech space. Yield is 1.5%. (Analysts’ price target is $150.17)
computer software/processing
DON'T BUY
DON'T BUY
October 24, 2019
Unknown
SELL
SELL
October 24, 2019
He sold because much of revenue comes from iPhone. Risk management concern. Issues in China. Smartphone growth slowing. Not the Apple of 5 years ago. Has done well, pulled away from the rest of the FANGs.
He sold because much of revenue comes from iPhone. Risk management concern. Issues in China. Smartphone growth slowing. Not the Apple of 5 years ago. Has done well, pulled away from the rest of the FANGs.
electrical/electronic
DON'T BUY
DON'T BUY
October 24, 2019
Recent purchase puts it into direct competition with Amazon. Great momentum stock. Valuation is the issue. Trading at over 500x forward earnings, with 45% growth rate. Quite the PEG ratio. Focused on small businesses, so it's super vulnerable in a downturn.
Recent purchase puts it into direct competition with Amazon. Great momentum stock. Valuation is the issue. Trading at over 500x forward earnings, with 45% growth rate. Quite the PEG ratio. Focused on small businesses, so it's super vulnerable in a downturn.
HOLD
HOLD
October 24, 2019
Dropped off with the spinoff. Very good dividend. Undervalued here because of political pressure. That's an opportunity. Healthcare companies tend to do well when the economic cycle matures. Be patient. Value stocks are emerging from their underperformance. Yield is 4%. (Analysts’ price target is $41.77)
Dropped off with the spinoff. Very good dividend. Undervalued here because of political pressure. That's an opportunity. Healthcare companies tend to do well when the economic cycle matures. Be patient. Value stocks are emerging from their underperformance. Yield is 4%. (Analysts’ price target is $41.77)
biotechnology/pharmaceutical
HOLD
HOLD
October 24, 2019
Likes the name. Long-term, overseas operations will benefit the stock price. Insurers are doing better. Up 26% in last 12 months. Nice healthy dividend of 4.1%. (Analysts’ price target is $28.38)
Likes the name. Long-term, overseas operations will benefit the stock price. Insurers are doing better. Up 26% in last 12 months. Nice healthy dividend of 4.1%. (Analysts’ price target is $28.38)
insurance
DON'T BUY
DON'T BUY
October 24, 2019
Extremely cyclical. In late part of the cycle, don't overweight stocks like this. Sideways last 12 months. Technically, not keen on the company. The chart tells the story. Dividend is safe.
Extremely cyclical. In late part of the cycle, don't overweight stocks like this. Sideways last 12 months. Technically, not keen on the company. The chart tells the story. Dividend is safe.
Automotive
PAST TOP PICK
PAST TOP PICK
October 24, 2019
(A Top Pick Nov 07/18, Up 1%) Costs have gone up for 1-day shipping. Name is strong, clould business is strong. Prime members expected to grow. Long runway for growth as it grows outside North American markets. Risks include spending and regulatory changes. He owns it, but is keeping a close eye on it.
(A Top Pick Nov 07/18, Up 1%) Costs have gone up for 1-day shipping. Name is strong, clould business is strong. Prime members expected to grow. Long runway for growth as it grows outside North American markets. Risks include spending and regulatory changes. He owns it, but is keeping a close eye on it.
specialty stores
PAST TOP PICK
PAST TOP PICK
October 24, 2019
(A Top Pick Nov 07/18, Up 30%) Secular shift from cash to digital. Long-term shift. Not cheap, but not extremely expensive either. Toll booth business. Risk is downturn in global economy. Underweight if you think economy is slowing.
(A Top Pick Nov 07/18, Up 30%) Secular shift from cash to digital. Long-term shift. Not cheap, but not extremely expensive either. Toll booth business. Risk is downturn in global economy. Underweight if you think economy is slowing.
other services
PAST TOP PICK
PAST TOP PICK
October 24, 2019
(A Top Pick Nov 07/18, Up 30%) Revenue split between pet care and livestock. Owners are increasingly willing to spend money on pets. Fragmented industry. Huge margins. 20 consecutive quarters of positive earnings surprises. Good name long-term. Bit pricey, but they can catch up.
(A Top Pick Nov 07/18, Up 30%) Revenue split between pet care and livestock. Owners are increasingly willing to spend money on pets. Fragmented industry. Huge margins. 20 consecutive quarters of positive earnings surprises. Good name long-term. Bit pricey, but they can catch up.
Consumer Products
BUY
BUY
October 24, 2019
One of the best ways to play 5G. Low beta, which you want at this point in the cycle. Growth potential. US, Brazil, India. We're doubling our consumption of data every 3 years. Toll booth business. Nice dividend of 1.7%.
One of the best ways to play 5G. Low beta, which you want at this point in the cycle. Growth potential. US, Brazil, India. We're doubling our consumption of data every 3 years. Toll booth business. Nice dividend of 1.7%.
Telecommunications
BUY
BUY
October 24, 2019
US noise has made healthcare names struggle. Well valued. Price has been flat. Recently went above 200-day moving average. Closer to election, investors will realize value in these names. Trading at 15x, with 13% growth rate. Dividend is 1.77%.
US noise has made healthcare names struggle. Well valued. Price has been flat. Recently went above 200-day moving average. Closer to election, investors will realize value in these names. Trading at 15x, with 13% growth rate. Dividend is 1.77%.
medical services
DON'T BUY
DON'T BUY
October 24, 2019
Sideways chart. Pretty low growth rate. Lots of competition. Transitioned well to mobile games, but stock's been lacklustre.
Sideways chart. Pretty low growth rate. Lots of competition. Transitioned well to mobile games, but stock's been lacklustre.
computer software/processing
WAIT
WAIT
October 24, 2019
For a cyclical sector like industrials, you have to be really confident that the economy has room to run. He doesn't think there's a recession in 6 months, but still thinks you have to be careful at this late stage in the cycle. Still, he likes this name amongst its peers.
For a cyclical sector like industrials, you have to be really confident that the economy has room to run. He doesn't think there's a recession in 6 months, but still thinks you have to be careful at this late stage in the cycle. Still, he likes this name amongst its peers.
mngmnt/diversified
COMMENT
COMMENT
October 24, 2019
Covered call option on an ETF. Ask what your outlook is. In a flat or falling environment, covered calls tend to do well because you're getting the yield plus the covered call premium. In a rising environment, where underlying stocks are moving higher, you won't get as strong a return as if you held the underlying securities.
Covered call option on an ETF. Ask what your outlook is. In a flat or falling environment, covered calls tend to do well because you're getting the yield plus the covered call premium. In a rising environment, where underlying stocks are moving higher, you won't get as strong a return as if you held the underlying securities.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
COMMENT
COMMENT
October 24, 2019
Screens for flat or positive dividend growth, as well as dividend stability. Includes names like Wells Fargo, Abbvie, IBM. About a 34 basis point MER. Tilted to the value side. Not hedged. Pays about a 2.95% yield.
Screens for flat or positive dividend growth, as well as dividend stability. Includes names like Wells Fargo, Abbvie, IBM. About a 34 basis point MER. Tilted to the value side. Not hedged. Pays about a 2.95% yield.
E.T.F.'s
COMMENT
COMMENT
October 24, 2019
Likes the space. Will do well in a slowdown. Instead he owns Dollar General, which has performed extremely well. Broke above 200-day in April of this year. Has floated down recently because of profit taking. Not cheap, but has moved well compared to the TSX. Recession resilient.
Likes the space. Will do well in a slowdown. Instead he owns Dollar General, which has performed extremely well. Broke above 200-day in April of this year. Has floated down recently because of profit taking. Not cheap, but has moved well compared to the TSX. Recession resilient.
Consumer Products
DON'T BUY
DON'T BUY
October 24, 2019
Tough earnings report this morning underscores moderating global growth. Dividend solid, but share price weak. Technical signs not great. Underperforming the broader S&P. Organic growth slowing. Biggest risk is litigation. Yield is 3.6%.
Tough earnings report this morning underscores moderating global growth. Dividend solid, but share price weak. Technical signs not great. Underperforming the broader S&P. Organic growth slowing. Biggest risk is litigation. Yield is 3.6%.
mngmnt/diversified
COMMENT
COMMENT
October 24, 2019
Bond ETFs have come off a bit, as interest rates have started to move up. For every portfolio, you want some exposure to bonds as a buffer in a correction. He owns IEF, lesser duration bonds. Don't avoid fixed income. If equity markets take a turn for the worse, at least your bond portfolio will do well.
Bond ETFs have come off a bit, as interest rates have started to move up. For every portfolio, you want some exposure to bonds as a buffer in a correction. He owns IEF, lesser duration bonds. Don't avoid fixed income. If equity markets take a turn for the worse, at least your bond portfolio will do well.
E.T.F.'s
COMMENT
COMMENT
October 24, 2019
Likes it, but prefers Dollar General. Valuation worries him at 34x. PEG ratio is 3.5, which is high for him. Future is very solid.
Likes it, but prefers Dollar General. Valuation worries him at 34x. PEG ratio is 3.5, which is high for him. Future is very solid.
department stores
TOP PICK
TOP PICK
October 24, 2019
TOP PICK
TOP PICK
October 24, 2019
Has done quite well relative to other healthcare names. Wide line of high marketing drugs, and a good pipeline of new drugs. One of the better names. 22 consecutive quarters of positive earnings. Decent PEG ratio. Yield is 2.66%. (Analysts’ price target is $96.29)
Has done quite well relative to other healthcare names. Wide line of high marketing drugs, and a good pipeline of new drugs. One of the better names. 22 consecutive quarters of positive earnings. Decent PEG ratio. Yield is 2.66%. (Analysts’ price target is $96.29)
biotechnology/pharmaceutical
TOP PICK
TOP PICK
October 24, 2019
Third largest restaurant company in the world. Burger King is doing well in same-store sales. Popeye's doing well. Tim's is improving. Enhancing brand awareness and guest experience. International expansion. Shares coming off is a buying opportunity. Yield is 2.94%. (Analysts’ price target is $107.47)
Third largest restaurant company in the world. Burger King is doing well in same-store sales. Popeye's doing well. Tim's is improving. Enhancing brand awareness and guest experience. International expansion. Shares coming off is a buying opportunity. Yield is 2.94%. (Analysts’ price target is $107.47)
food services
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