Are U.S. stocks too expensive? Not necessarily, says Stan Wong.
In this episode of In the Money with Amber Kanwar, he explains
how the S&P 500’s valuation is skewed by tech, and why
sectors like healthcare, industrials, and financials still offer
compelling opportunities for selective investors.
Stan and Amber break down the TSX’s recent surge, driven by gold
and financials, and debate whether Canada’s market strength is
here to stay. Despite the headlines, Stan remains overweight U.S.
equities, citing broader market depth and stronger fundamentals
heading into mid-2025. He also shares how he handles market dips,
the sentiment indicators he watches, and why long-term
fundamentals matter more than short-term swings.
Answering viewer questions, Stan discusses names like Couche-Tard
(ATD.TO), Uber (UBER), Shopify (SHOP), and United Health (UNH) —
outlining where he’s invested, what he’s avoiding, and which
stocks he’s recently sold. His stock selection strategy centers
on companies with strong earnings growth and limited competition.
Stan’s top picks might surprise you- all three are sitting near
all-time highs, but Stan still sees room for meaningful gains
ahead. They include, Dollarama (DOL.TO), a dominant Canadian
retailer with strong private label margins and little
competition; MercadoLibre (MELI), the fintech and e-commerce
leader of Latin America; and Netflix (NFLX), where he sees upside
in ad-supported tiers, international growth, and unmatched
pricing power.
Insightful and grounded, this episode is a must-watch for
investors seeking clarity and conviction in today’s markets.
Timestamps
00:00 Show intro
01:35 Amber speaks to Erin Allen of BMO Global Asset Management
to discuss the ETF space
05:25 Amber welcomes Stan Wong and asks if he’s ready to put
tariff anxieties to bed
07:00 What did Stan do during April’s volatility?
08:45 Is the Canadian market more attractive to Stan or does he
still favour the U.S.?
10:30 How is Stan thinking about U.S. valuations?
11:30 Stan’s view on the bond market
14:15 Stan’s thoughts on Nvidia and why he holds it
15:30 ITM Mailbag: Does Stan think Couche-Tard (ATB.TO) is a buy
and hold?
16:55 Stan’s thoughts on Brookfield Infrastructure Partners
(BIP.A.TO)
18:40 Does Stan like Shopify (SHOP.TO)?
20:40 Why Stan sold Costco (COST.NASDAQ) recently
24:15 Stan’s thoughts on Uber (UBER.NYSE)
27:25 What does Stan think about Canadian Tire (CTC.A.TO)?
29:35 Why Stan sold United Health before its big drop
(UNH.NYSE)?
33:20 What does sports fan Stan think about the Raptor’s chances
next year?
34:20 Stan Wong’s Pro Picks
Sponsors
This episode is sponsored by BMO InvestorLine. Open a new BMO
InvestorLine account, and you could receive up to $3,500 cash
back. It’s a great way to jumpstart your investment plan.
Learn more at
bmo.com/onlineinvesting?ecid=pr-2886232INV1-JNBMO16
For over 25 years, Raymond James has been helping Canadians
achieve their financial goals. Visit raymondjames.ca today to
discover how you can live a life well planned.
Pro Picks is brought to you by ATB Financial. With $62 billion in
assets, ATB Financial is powering possibilities for more than
820,000 financial services clients in Alberta and beyond. Visit
ATB.com/inthemoney for more information.
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DISCLAIMERS
The information provided in this podcast is for informational
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professional advice.The views expressed by the host and guests
are their own and do not necessarily reflect the opinions of any
organization or company. The host and guests may maintain
positions in any securities discussed on the podcast. Always
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The opinions and views expressed in this presentation are those
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presentation is prepared as a general source of information and
is not intended to provide legal, investment, accounting or tax
advice, and should not be relied upon in that regard. If legal or
investment advice or other professional assistance is needed, the
services of a competent professional should be obtained. Any
information contained in this presentation does not constitute
and shall not be deemed to constitute advice, an offer to
sell/purchase or as an invitation or solicitation to do so for
any entity. The content of this presentation is based on sources
believed to be reliable, but its accuracy cannot be guaranteed.
BMO InvestorLine Inc. and its affiliates, sponsors and employees
do not accept responsibility for the content and makes no
representation as to the accuracy, completeness or reliability of
the content and hereby disclaims any liability with regards to
the same.
In the Money delivers expert stock picks, market analysis, and
timely investing insights. Hosted by business journalist Amber
Kanwar, each episode features interviews with top portfolio
managers and financial experts. Covering everything from ETFs and
Canadian stocks to global investing trends, dividend strategies,
and risk management, this show is made for DIY investors, stock
market enthusiasts, and anyone looking to sharpen their financial
strategy.
“BMO (M-bar roundel symbol)” is a registered trademark of Bank of
Montreal, used under licence. Terms and conditions apply. BMO
InvestorLine is a wholly owned subsidiary of Bank of Montreal.
Member – Canadian Investor Protection Fund and Member of the
Canadian Investment Regulatory Organization.
The opinions and views expressed in this presentation are those
of the presenter and not necessarily BMO InvestorLine Inc. This
presentation is prepared as a general source of information and
is not intended to provide legal, investment, accounting or tax
advice, and should not be relied upon in that regard. If legal or
investment advice or other professional assistance is needed, the
services of a competent professional should be obtained. Any
information contained in this presentation does not constitute
and shall not be deemed to constitute advice, an offer to
sell/purchase or as an invitation or solicitation to do so for
any entity. The content of this presentation is based on sources
believed to be reliable, but its accuracy cannot be guaranteed.
BMO InvestorLine Inc. and its affiliates, sponsors and employees
do not accept responsibility for the content and makes no
representation as to the accuracy, completeness or reliability of
the content and hereby disclaims any liability with regards to
the same.
Beta: A measure of the volatility, or systematic risk, of a
security or a portfolio in compar...
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