Stan Wong’s Top Stock Picks for September 2024: A Deep Dive

Stan Wong’s Strategic Picks: Navigating Market Volatility with Alphabet, Dollarama, and Eli Lilly

Editorial Team (ET)July 6, 2025

Global equities have faced significant headwinds this September, a month historically known for its market downturns. Over the past decade, the S&P 500 Index has averaged a 2.3% decline during September, with negative performance in seven out of the last ten years. This year, the volatility is compounded by concerns over the U.S. Federal Reserve’s monetary policy, the upcoming U.S. elections, and the broader economic outlook.

However, for seasoned investors like Stan Wong, these turbulent times offer a unique opportunity. With U.S. money market assets hitting a record US$6.3 trillion, substantial liquidity could fuel a market recovery, especially if the Fed begins monetary easing as expected.

The Soft Landing Hypothesis

Stan Wong’s investment strategy is grounded in the belief that the U.S. economy will likely experience a soft landing, avoiding a severe recession. Historically, equities tend to perform well following the first rate cut of a cycle, provided that a full-blown recession does not follow. The influx of liquidity in money markets is also expected to support ongoing investment in equities, as investors shift from cash reserves into more lucrative assets.

Wong's approach focuses on high-quality, secular growth companies, particularly in healthcare, consumer discretionary, financials, and technology. His emphasis on well-diversified portfolios is aimed at maximizing returns while mitigating risks in these volatile times.

Wong’s Investment Strategy

Wong's portfolio management strategy hinges on identifying companies with strong competitive positions, reliable earnings streams, and attractive valuations. His focus sectors—healthcare, consumer discretionary, financials, and technology—offer long-term growth potential. This diversification helps manage risk while seeking high returns for his clients.

Top Pick 1: Alphabet (GOOGL NASD)

Alphabet, the parent company of Google, stands as a global leader in digital advertising and search engine dominance. Alphabet commands over 90% of the global market share in search, generating substantial cash flow from digital advertising, which constitutes over 75% of its total revenue. With projected fiscal 2024 revenue exceeding US$323 billion, Alphabet’s future looks promising.

The company’s growth is further propelled by its ventures into Google Cloud and YouTube, both of which continue to gain traction. Alphabet’s hardware segment, including Chromebooks, Pixel smartphones, and smart home devices, contributes to a diversified revenue stream.

Alphabet’s shares are trading at a favorable 1.2 times price/earnings to growth (PEG) ratio, making it one of the most attractive technology stocks. Analysts project an average annual earnings growth rate of over 15% for the next few years. With quarterly results expected on Oct. 24, investors are eager to see whether the company can meet or exceed expectations.

Alphabet’s Core Strengths

Dominance in digital advertising.
Diversified revenue streams through Google Cloud, YouTube, and hardware sales. Risks and Opportunities for Alphabet
Challenges in global advertising markets.
Potential growth in cloud computing and hardware divisions.

Top Pick 2: Dollarama (DOL TSX)

As Canada’s largest discount retailer, Dollarama has consistently delivered strong revenue growth and profitability. With over 1,500 locations and a projected fiscal 2025 revenue of $6.4 billion, Dollarama’s expansion plans aim to reach 2,000 stores by 2031. This steady growth, combined with a resilient business model, has allowed Dollarama to thrive in both strong and weak economic environments.

Dollarama’s focus on low-cost merchandise appeals to cost-conscious consumers, especially during economic uncertainty. With inflation concerns rising, consumers are turning to discount retailers for affordable alternatives. The company is forecasted to achieve an average annual earnings growth rate of more than 15%, with the next quarterly results due on Nov. 28.

Dollarama’s Competitive Edge

Broad range of low-priced products.
Strong brand loyalty among cost-conscious consumers. Challenges Facing Dollarama
Supply chain disruptions.
Competition from other discount retailers and e-commerce platforms.

Top Pick 3: Eli Lilly & Co (LLY NYSE)

Eli Lilly, a pharmaceutical giant, is a leader in developing medicines for diabetes, obesity, oncology, and neuroscience. With projected fiscal 2024 revenue of over US$46 billion, Eli Lilly’s strong pipeline of new drugs, particularly in the diabetes and obesity markets, positions the company for robust growth in the coming years.

The pharmaceutical sector is benefiting from global demographic trends, including an aging population and rising obesity rates, both of which create long-term demand for Eli Lilly’s treatments. Eli Lilly’s gross and operating margins exceed 30%, reflecting the company's strong profitability. Analysts project an extraordinary average annual growth rate of 30% for Eli Lilly from 2025 onwards. Investors will be keen to watch the company’s quarterly results, expected on Oct. 30.

Eli Lilly’s Growth Drivers

Leadership in diabetes and obesity treatments.
Promising drug pipeline and favorable demographic trends. Risks and Challenges for Eli Lilly
Regulatory approval hurdles.
Intense competition within the pharmaceutical industry.

Conclusion

Stan Wong’s top picks—Alphabet, Dollarama, and Eli Lilly—reflect a balanced strategy that focuses on growth, diversification, and resilience in uncertain market conditions. By identifying companies with strong fundamentals and long-term growth potential, Wong’s approach aims to provide his clients with solid returns even amid market volatility. As the year progresses, these three companies are well-positioned to deliver exceptional performance, making them compelling investments for the months to come.

Disclaimer

This report should not be viewed as investment advice or as an offer to buy or sell any securities or as an invitation or solicitation of an offer to buy or sell any securities. Neither the author of this report, its publisher, nor any other person associated with the publication of this report, are registered brokers, investment dealers, investment advisers, or financial advisers. The information in this report has not been tailored to the particular needs or circumstances of readers and should not be relied upon as investment advice or recommendations to purchase or sell any of the securities presented in this report. Readers seeking investment advice should contact qualified and registered brokers, investment dealers, investment advisers, or financial advisers prior to making any decision to buy or sell any of the securities referred to in this report. The information in this report should not be construed as investment, legal, or tax advice. No recommendation is made as to whether an investment in the presented securities is suitable for any reader in light of the reader’s particular circumstances.

Readers are cautioned that the publisher of this report covers exclusively securities that carry a high degree of volatility. Investing in such securities is highly speculative and carries a high degree of risk. Investors in such securities could lose all or a substantial portion of their investment. Only those investors who can afford to lose all or a substantial portion of their investment should consider investing in the securities referred to in this report.

This report may include information obtained from publicly available sources, including third-party reports or analysis. Neither the author nor publisher of this report, nor www.juniorstocks.com or its owners, have undertaken any independent investigation into the factual information used in this report, and the information in this report is provided without any warranty of any kind. No representations or warranties are provided regarding the accuracy or completeness of the information provided in this report. Statements of opinion or belief are those of the authors and/or publisher of this report. These statements of opinion or belief are expressions of the author’s and/or publisher’s judgment, and there is no guarantee that those judgments will turn out to be correct. No inference should be drawn that the author and/or publisher have any special or greater knowledge about the presented companies or their securities, or any particular expertise in the industries or markets in which the company operates. Readers should conduct their own due diligence and seek professional advice prior to investing in any securities presented on Juniorstocks.com.

Certain statements in this report constitute “forward-looking” statements. Forward-looking statements often, but not always, are identified by the use of words such as “seek,” “anticipate,” “believe,” “plan,” “estimate,” “expect,” “targeting,” and “intend” and statements that an event or result “may,” “will,” “should,” “could,” or “might” occur or be achieved and other similar expressions. Forward-looking statements express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance; they are not statements of historical facts and should not be viewed as any guarantee of any future result. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. The author and/or publisher of this report disclaims any obligation to update the forward-looking statements in this report, whether as a result of new information, future events, or results or otherwise. There is no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation, or would subject the author or publisher of this report to any registration requirement in such jurisdiction or country.

Information about the editor of this publication:
Juniorstocks.com is a service provided by Piccadilly Capital Group, Office 66, 101 Clapham High Street, London, SW4 7TB, UK. Piccadilly Capital Group is not the publisher of this report and was not paid for the publication of this report. Piccadilly Capital Group seeks to generate web traffic and a growing number of followers through the publication of articles or reports. Directors, officers, and other insiders of the publisher own an interest in Piccadilly Capital Group. Piccadilly Capital Group does not endorse or recommend the business, products, services, or securities of any company mentioned on www.juniorstocks.com. Piccadilly Capital Group will not share your information with any outside third parties. Due to the new data protection basic regulation, we ask you to read our data protection declaration carefully.

Note on copyright:
The contents published on this website and on connected media (e.g., e-mail, X, Facebook) are subject to applicable copyright and ancillary copyright laws. Any use not permitted by applicable copyright and ancillary copyright laws requires the prior written consent of the provider or the respective rights holder. In particular, this applies to the duplication, editing, translation, storage, processing, or reproduction of content in databases or other electronic media and systems. Contents and rights of third parties are marked as such. Unauthorized reproduction or transmission of individual contents or complete pages is not permitted and is punishable by law. Only the production of copies and downloads for personal, private, and non-commercial use is permitted. Links to the provider's website are always welcome and do not require the consent of the provider of the website. Photos and images on the website may not be shared unless the publisher itself has acquired the initial rights from authorized sources. The presentation of this website in external frames is only allowed with written permission. If you notice any violations, please inform us. Please note: The content of our articles, emails, or other publications or social networks such as X, LinkedIn or Facebook is exclusively intended for the designated addressee(s). If you are not the addressee of these articles, emails, or other publications in the market letter or social networks such as Twitter or Facebook or his or her legal representative, please note that any form of publication, reproduction, or distribution of the content of these articles, emails, or other publications in the market letter or social networks such as X, LinkedIn or Facebook is prohibited. Falsifications of the original content of this message during data transmission cannot be excluded in principle.