Wong’s World: Where Healthcare Meets Hardware
Scotia Wealth’s Stan Wong bets big on silver, healthcare, and AI as market momentum builds in June 2025.
North American equity markets are back in rally mode, and Stan Wong is riding the wave with confidence. The veteran portfolio manager at Scotia Wealth Management has zeroed in on high-conviction plays that reflect both stability and opportunity in today’s evolving macro landscape. With the S&P 500 surging more than 20% from the April lows and the Nasdaq climbing over 28%, investor sentiment has clearly shifted. Fears of a looming recession are dissipating, inflation data continues to ease, and corporate earnings have proven surprisingly resilient.
Add in the U.S. Federal Reserve’s decision to keep interest rates steady, and you've got the perfect recipe for renewed market confidence. Wong, never one to chase hype, is staying laser-focused on high-quality companies with strong fundamentals, healthy balance sheets, and long-term moats. His approach blends discipline with foresight, aiming to capitalize on both structural tailwinds and market dislocations.
Silver’s Breakout Moment
Wong’s first top pick is a strategic metals play that has long flown under the radar but is now making a bold comeback. The iShares Silver Bullion ETF (SVR.TO) has surged past the US$35 per ounce threshold, shattering a decade-long technical ceiling and reigniting interest in the often-overlooked metal. Historically, silver has played second fiddle to gold in the precious metals narrative, but that dynamic may be shifting fast. Wong points to the gold-to-silver ratio, which still hovers near 90:1 — far above its historical average. That kind of disparity, he notes, has often signaled the beginning of a silver surge.
The macro case for silver is compelling. Demand is accelerating as green energy transitions gain steam. Silver plays a critical role in solar panels, electric vehicles, and next-generation electronics. On the supply side, global mine output remains constrained, tightening the balance and fueling the bullish thesis. For Canadian investors, SVR.TO offers an added benefit: it’s hedged against U.S. dollar fluctuations, providing clean exposure without currency headaches. Wong sees the metal not just as a value play, but as a volatility hedge, a diversification tool, and a potential inflation buffer — all wrapped into one glittering package.
McKesson: The Engine Behind America’s Pharmacy Network
Next on Wong’s radar is McKesson (MCK), a name that may not make daily headlines but forms the backbone of the North American healthcare ecosystem. The pharmaceutical distribution giant is set to surpass US$400 billion in revenue for fiscal 2026. That’s no accident. Steady prescription volumes, rising demand for specialty drugs, and expanding biosimilar adoption are all contributing to McKesson’s momentum.
But it’s not just about scale — it’s about where that scale is headed. Wong is especially bullish on the company’s foray into higher-margin sectors like oncology and specialty care. These aren’t just buzzwords. They’re long-term growth engines fueled by demographic trends. Nearly 70% of Americans are on at least one prescription medication, and as the population continues to age, that number is poised to rise. The long-term tailwinds are clear.
McKesson is also doubling down on automation and data infrastructure — moves that not only improve efficiency but widen its competitive moat. Technically, the stock has been riding a textbook ascending channel, delivering consistent returns with lower volatility. With earnings growth expected to compound between 10% and 12% annually, Wong views McKesson as a rock-solid core holding in a defensive sector with offensive upside.
Nvidia: The Powerhouse Behind the AI Boom
Finally, Wong turns to a tech titan that needs little introduction but still commands big expectations: Nvidia (NVDA). The graphics chip juggernaut continues to dominate the accelerated computing space, thanks to its unmatched GPU architecture and CUDA software ecosystem. Nvidia isn’t just riding the AI wave — it’s building the surfboard. Fiscal 2026 revenue is forecasted to eclipse US$200 billion, as demand for generative AI, machine learning models, and advanced cloud infrastructure continues to explode.
Wong is particularly impressed with Nvidia’s performance in its data center business, which has quickly become the firm’s primary growth engine. The company’s ability to consistently beat earnings expectations and grow margins has left even cautious analysts scrambling to revise their forecasts higher. And there’s more runway ahead. With governments, tech firms, and cloud providers around the world racing to build AI infrastructure, Nvidia is squarely in the middle of a global investment arms race.
The market, surprisingly, still isn’t fully pricing in this growth. Nvidia’s price-to-earnings growth (PEG) ratio remains below 1.0x, indicating that its earnings trajectory may still be underestimated. With long-term earnings expected to grow at a 34% compound annual rate, Wong sees Nvidia not just as a tech stock, but as a structural bet on the digital transformation of everything.
Staying Disciplined in a Volatile World
Despite the market's current upswing, Wong isn’t wearing rose-colored glasses. He remains aware that volatility could return at any moment. From geopolitical tensions to shifting central bank guidance and unpredictable economic data, surprises are still part of the investment equation. But that’s where Wong’s strategy shines — he views pullbacks not as threats, but as windows of opportunity. His team is constantly watching for dislocations that create longer-term value.
That said, Wong isn’t swinging for the fences. He emphasizes patience and tactical portfolio adjustments that align with client goals and long-term financial plans. Emotional decisions, he warns, often lead to regret. Discipline and a sound framework, on the other hand, are the compass investors need in today’s uncertain terrain.
Looking Beyond the U.S. Border
While Wong’s current picks are anchored in North America, he’s keeping a watchful eye on opportunities abroad. Select international markets, particularly in Asia and emerging economies, are offering attractive valuations and more accommodative monetary conditions. With global diversification becoming increasingly important, Wong’s team is ready to deploy capital where the risk-reward profile justifies it.
He’s not suggesting a wholesale shift away from U.S. equities — far from it. But as valuations in the U.S. stretch, the margin for error narrows. International plays, when selected carefully, could offer asymmetric upside while reducing portfolio correlation.
Final Thoughts: The Value of Conviction
In a world filled with noise and distraction, Stan Wong is doubling down on clarity. His conviction isn’t based on trends or headlines, but on fundamentals, discipline, and decades of market experience. Whether it’s silver with a breakout setup, a healthcare backbone in McKesson, or a tech rocket like Nvidia, each name reflects a bigger story — one where patience, preparation, and perspective win over panic and prediction.
Investors looking for an edge would do well to study Wong’s approach. It’s not just about picking winners. It’s about understanding the why behind each pick — and having the conviction to act when the moment arrives.
Conclusion
Stan Wong’s top picks for June 2025 blend resilience, innovation, and value. As markets claw back from spring volatility, his picks in silver, healthcare logistics, and cutting-edge tech aren’t just smart bets — they’re strategic chess moves. In times like these, clarity counts more than complexity. Wong’s disciplined approach and sharp eye for opportunity offer a blueprint worth following, especially for those navigating the long game of investing.