View Steve Weiss' professional profile on LinkedIn. Tags Stephen Weiss CNBC Benzinga. You're factoring in a 70% decline? I may miss gains for sure, but it gives me peace of mind to know that half my liquidities are "safe" from any fuck up and that, to me, is priceless. Benzinga does not provide investment advice. Stephen L. Weiss is an active investor, public speaker and the author of UNHedged: A Novel About A Killing in the Market, released in December 2012. Stephen L. Weiss is an active investor, public speaker and the author of UNHedged: A Novel About A Killing in the Market, released in December 2012. . I heard Weiss keeps matchbox cars in his ass for safe keeping. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. you WILL find it very interesting. ABBV. Get this delivered to your inbox, and more info about our products and services. Trade Off: Steve Weiss. It may therefore take some time before it appears on our website. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Almost any post related to stocks is welcome on /r/stocks. He added on to his already existing position inthe company. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. Here's why men die younger than women and how to fix it, China's shrinking population: What it means for the global economy, Oil companies made $200 billion in profits in 2022. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. This headline only article is a sample of real-time intelligence if you want to continue the conversation, follow me on twitter @stephenlweiss. A veteran of more than 25 years on Wall Street, he has held senior management positions at Salomon Brothers, SAC Capital and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. Short Hills Capital's Steve Weissshared Monday on CNBC's "Fast Money Halftime Report"that he is adding to hisModerna Inc (NASDAQ:MRNA) stock position. During his tenure in research sales, he was responsible for developing investment ideas for many legendary investors including Soros Funds, Tiger Management, SAC Capital, where he subsequently worked, Omega Advisors and Kingdon Capital as well as many mutual funds. Benzinga does not provide investment advice. Not all coins provided by Apex Crypto LLC are available to New York residents. All investments involve risk, and not all risks are suitable for every investor. EDIT: thanks everyone. From Benzinga. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. A Division of NBCUniversal. Does anybody else have similar cash positions right now? Click here to find out! Visit Author Central to update your books, profile picture, and biography. The price is inflation risk and market premium. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 70%? Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. %USER_NAME% was successfully added to your Block List. and sign up for the mooc. AMA Hi Reddit, I'm Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBC's Halftime report. All rights reserved. Timing the mkt its almost impossible. Let me know if you think Im buying in to high, Apple $17? Amongst those changes were Jumia TechnologiesJMIA. Holdings Dividends Chart 1D 5D 1M YTD 1Y 5Y Max 0.3% ( 1D) About XLE The Energy Select Sector SPDR Fund (XLE) is an exchange-traded fund that is based on the Energy Select Sector index, a market-cap-weighted index of US energy companies in the S&P 500. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. UNHedged, the author's first work of fiction, follows two extremely well accepted investment books: The Big Win: Learning from the Legends to Become a More Successful Investor (Wiley, 2012) and The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors (Wiley, 2010). Since youve just unblocked this person, you must wait 48 hours before renewing the block. Please go look at put premiums right now, it's literally just as risky to be a bear as a bull right now because of implied movements in both directions Aside from the general advice of dont ask Reddit about big financial decisions, its impossible to give any decent answer without knowing more about you. +0.73%. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Will Oil Stocks Once Again Lead The Market As Inflation Eases? SVFA Options trading entails significant risk and is not appropriate for all investors. Price Action: Moderna is making a new 52-week high in trading today. All rights reserved. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . The commentary delivered by hosts of the show often moves the stocks mentioned. If you have a 30 year horizon who cares? PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; STEPHEN L. WEISS has spent nearly twenty-five years on Wall Street working for some of the industry's most prestigious firms including Salomon Brothers, SAC Capital, and Lehman Brothers (he played no role in its demise). 70% decline for the S&P gets us back to 2011 levels. If youd like to learn more about the course, heres a link to a video intro: www.youtube.com/watch?v=SOt_F4ig4j4#t=40, Link to the Wall Street MOOC course: http://firstbusinessmooc.org/wall-street/, Verification: https://twitter.com/stephenLweiss/status/436195940483874816. Please note that all comments are pending until approved by our moderators. Got a confidential news tip? Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Stockpennies: Steve Weiss on CNBC. I enjoy watching the halftime show and getting the opinions of some others. Should I up to 50% cash? Even after Moderna's strong move to the upside this year, it's still the least expensivestock in Weiss's portfolio on both current and future earnings, he told CNBC. For access. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. Want EXCLUSIVE stories originated by Benzinga reporters? Steve Weiss' 30-50% might be worth few millions. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The right strategy is heavily dependent on you and your current life circumstances. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Webull Pay LLC. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. Weiss told CNBC he sold a portion of his position after the stock rallied Tuesday, but Moderna remains a "very large position" in his portfolio. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . Jeremy Grantham says we're headed for sp500 2500 most likely. 2023 Benzinga.com. Your status will be reviewed by our moderators. Want EXCLUSIVE stories originated by Benzinga reporters? CNBC's Steve Weiss Sells Pfizer; Adds More Merck & Company; Sold United Airlines - United Airlines Holdings (NASDAQ:UAL), Merck & Co (NYSE:MRK), Pfizer (NYSE:PFE) - Benzinga % % 0.92. Jeremy Grantham is like the boy who cried wolf. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. It is like everything he touches turns to crap or he is late to the show and just rides them down. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Please read the Characteristics and Risks of Standardized Options before trading options. Today, Im looking to talk with anyone interested in financial markets. Steve Weiss of Short Hills Capital Partners said he is shorting the iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT) , believing interest rates will rise. Join 10,000+ serious traders in the Benzinga Pro community! Press question mark to learn the rest of the keyboard shortcuts. As an investment of course. He stated that it's the Amazon.com of Africa and that this is a long-term position for him, and not just a trade. Benzinga does not provide investment advice. Amongst those changes were Jumia Technologies JMIA . By doing so, you and %USER_NAME% will not be able to see Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. Join 10,000+ serious traders in the Benzinga Pro community! Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners, an alternative investment fund primarily established to invest the personal wealth of David Tepper, widely regarded as the industry's most successful investor. once again mentions POAHY for his pick !!!!! An explanatory brochure is available upon request or at www.sipc.org. All Rights Reserved. Benzinga Pro traders use to win in the markets everyday. 2023 Benzinga.com. At last check Monday, the stock was up 16.84% at $483.61. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Bryn Talkington. Weiss is bullish on Jumia Technologies. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. #CNBC #CNBCTV Be very selective in buying stocks right now: Steve Weiss 113,778 views May 13, 2022 858 Dislike Share Save CNBC Television 2.15M subscribers The investment committee joins. Horton And This Sector Are CNBC's 'Final Trades', Becton Dickinson, Freeport-McMoRan, GXO Logistics And This Mid-Cap ETF On CNBC's 'Final Trades', AbbVie, Goldman Sachs And This Electric Vehicle Manufacturer On CNBC's 'Final Trades', These 2 Defensive Plays Are Highlights Of CNBC's 'Final Trades', Rivian Automotive, Stryker, Ardagh Metal Packaging And This Tech Stock Are CNBC's 'Final Trades', Rockwell Automation, UnitedHealth, AmerisourceBergen And Shorting This Industrial Stock Index On CNBC's 'Final Trades', Rivian, An Energy ETF and One Of The World's Largest Payments Processors: CNBC's 'Final Trades', AutoZone, EOG Resources, Rivian Automotive And This Big-Box Retailer On CNBC's 'Final Trades', Stryker, Freeport-McMoRan, Southwest Gas And This Health Care Major Feature On CNBC's 'Final Trades', Buy Simon Property, Bunge And This ETF, Go Short On Consumer Discretionary: CNBC's 'Final Trades', Netflix, Visa, B&G Foods And This Automotive Technology Company Feature On CNBC's 'Final Trades', Devon Energy, Service Now, WR Berkley And This Biotech Play On CNBC's 'Final Trades', Cognex, Nucor, Moderna And This Cybersecurity Company Feature On CNBC's 'Final Trades', General Motors, GXO Logistics And This REIT Feature On CNBC's 'Final Trades', Why Home Depot Is A Buy If 'Rates Are Peaking' And These 3 Energy Majors On CNBC's 'Final Trades', Advanced Micro Devices, Blackstone And These Defensive Plays Feature On CNBC's 'Final Trades', Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. february 27th but sign up now. Weiss filled in as the Chief Investment Officer there. The Billion Dollar Mistake has been published in 5 languages and was named by Forbes as one of the top 5 investment books written in 2010. No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. This comment has already been saved in your, Eni agrees deal with UAE's ADNOC as Italy rebuilds relationship, Mercedes-Benz begins building battery recycling factory in southern Germany, Silvergate suspends crypto payments network; shares fall after-hours, Congress to Limit U.S. Oil Exports to China: What Traders Need to Know. Want the fastest, most accurate stock market intelligence? any of each other's Investing.com's posts. Replace the attached chart with a new chart ? The AMA is set to start at 4:00 pm. That puts it at a 1 P/E. Investors should consider their investment objectives and risks carefully before investing. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . Your ability to comment is currently suspended due to negative user reports. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customers securities and $900,000 for any one customers cash. Create an account to follow your favorite communities and start taking part in conversations. The value of securities may fluctuate and as a result, clients may lose more than their original investment. In total we count 515 positions held by Weiss Asset Management LP as of their latest 13F filing, but among those total Weiss Asset Management LP holdings we've sorted out the top ten stocks held by Weiss Asset Management LP by largest position size, and presented them here in slideshow form. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). 2023 Webull Financial LLC, All rights reserved. IXIC. @wallstreetmooc. Inflation is Slowing, But is it Enough to Slow the Fed? SEC Filings include 13F quarterly reports, 13D/G events and more. Losses can potentially exceed the initial required deposit. Today, I'm looking to talk with anyone interested in financial markets. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. Press J to jump to the feed. Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX). The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. Please refer to our Fee Schedule for more details. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. If you are 60 and getting ready for retirement and on a fixed budget than it could make sense to go heavier into cash, although pulling from a Roth would be my last resort. Join 10,000+ serious traders in the Benzinga Pro community! Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Are you out of youre mind? Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. Free trading of stocks, ETFs, and options refers to $0 commissions for WebullFinancial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktopor website products. XLE was launched on Dec 16, 1998 and is managed by State Street. The Billion Dollar Mistake: Learning the Art of Investing Through the Missteps of Legendary Investors, Top subscription boxes right to your door, 1996-2023, Amazon.com, Inc. or its affiliates. Benzinga Pro users can access this information by using the News tool on any . For more information, please see our The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Are you an author? Reddit and its partners use cookies and similar technologies to provide you with a better experience. Jan 25, . You need to complete an options trading application and get approval on eligible accounts. SHCP opened to outside investors in 2014. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. you're drunk if you think the market will drop 50-70%. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. Cryptocurrency trading is offered through an account with Apex Crypto. The commentary delivered by hosts of the show often moves the stocks mentioned. If you need the money now and are about to retire then sure you can lower your risk. and our Want the fastest, most accurate stock market intelligence? Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Never miss a trade again with the fastest news alerts in the world! "I think this company is going to do extremely well," said Weiss. Privacy Policy. Ever wonder what Steve Weiss does in his spare time? Tags Jason Snipe Jenny Harrington Trading Ideas. I'm weighted towards msft aapl GOOGL and UNH mostly. Im looking forward to my first AMA and your questions. He loves days like this. There is no panacea that works for every investor. He has to hit targets for his clients who have different objectives than you. I hate takes like this because why protect urself with cash if ur this sure of a bear market? and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. The sell-off is a buying opportunity for. I don't regret having 30%. Sign up for free newsletters and get more CNBC delivered to your inbox. time for me to get back to work. -0.57%. 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It also gives a nice stash in case I see an interesting entry-level on the positions Im eyeing so that's just extra icing on the cake. Thank you, I have some cash and after reading this I just put in my buy orders. 3. All rights reserved. Are you sure you want to delete this chart? However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.coms discretion. A $0.55 per contract fee applies for certain options trades. Check out our wiki to learn more! View and manage who you follow on Amazon. Data is a real-time snapshot *Data is delayed at least 15 minutes. Are you sure you want to block %USER_NAME%? Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. CNBC's 'Halftime Report' investment committee, Steve Weiss, Shannon Saccocia, Jim Lebenthal, Joe Terranova and Brian Belski, discuss the risk-reward in stocks after a cooling December CPI. We want to hear from you. The information is collected and refined using Benzinga Pro's News Tool. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. All Rights Reserved. Those aren't all undervalued but they're pretty stable. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Please ensure that you fully understand the risks involved before trading. There is always the potential of losing money when you invest in securities or other financial products. Never miss a trade again with the fastest news alerts in the world! The commentary delivered by hosts of the show often moves the stocks mentioned. Asset Class Equity I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Buy in more if you have the cash. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. A former tax attorney, Steve has been in . New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. 2007-2023 Fusion Media Limited. Wheat: Whats Good for Inflation Isnt Good for the Bulls, iShares Core FTSE 100 UCITS ETF GBP (Dist), Vanguard Total Bond Market II Index Fund Investor, PIMCO Commodity Real Return Strategy Institutional, SG FTSE MIB Gross TR 5x Daily Short Strategy RT 18, Vontobel 7X Long Fixed Lever on Natural Gas 8.06. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Short Hills Capital's Steve Weiss shared Monday on CNBC's "Fast Money Halftime Report" that he is adding to his Moderna Inc (NASDAQ:MRNA) stock position.. Moderna is trading higher on a few different pieces of news including the company's approval in Australia, comments from Dr. Anthony Fauci and BioNtech SE's (NASDAQ:BNTX) financial results, Weiss told CNBC. How are we doing? The commentary delivered by hosts of the show often moves the stocks . Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Moderna is trading higher on a few different pieces of news including the company's approval in Australia,comments from Dr. Anthony Fauci andBioNtech SE's (NASDAQ:BNTX) financial results,Weiss told CNBC. There's no shame in going heavy in cash if you are bearish but 70% is pretty much COVID 2 plus world war 3, There are those who think that all growth for the past decade+ has been completely irrational or inflated. Weiss told CNBC that he thinks Moderna's stock can go up another 500% from its current levels and trade such asAmazon.com, Inc.(NASDAQ:AMZN) "because it's a technology company nota biotech. He has turned bearish after getting creamed on Moderna and a few others. You want to wait until at least $10 for the dividend payout ratio gets close to 10% otherwise youre just throwing away money, This man so bearish starting to look like one even. But the people on CNBC aren't the best fund managers. Benzinga Pro users can access this information by using the News tool on any workstation. 2022 Benzinga.com. This article has already been saved in your, Reuters Tesla, AbbVie Are CNBC 'Fast Money' Mentions; Steve Weiss Is Shorting This ETF, Avoid profanity, slander or personal attacks. Send us comments about our Author Pages. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. Even if he is wrong, he should be fine. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Click here to find out! Benzinga does not provide investment advice. 2023 CNBC LLC. by Benzinga Newsdesk, Benzinga Staff Writer. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Gamer X @GamerX1414 . The information is collected and refined using Benzinga Pro's News Tool. 2023 Benzinga.com. Track record of significant success as an investor and in investment management, in public and private markets; senior leadership positions; built new and restructured underperforming businesses;. 2. Goldman Sachs' bad quarter is the result of environmental factors, says Steve Weiss CNBC We don't think we're going to have a soft landing, says Cantor Fitzgerald's Eric Johnston the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. Does anybody else have similar cash positions right now? From Benzinga. Please ask me anything. Join 10,000+ serious traders in the Benzinga Pro community! On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Stop listening to these guys and invest in broadmarket etfs. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . This headline only article is a sample of real-time intelligence Reddit and its partners use cookies and similar technologies to provide you with a better experience. He was WRONg. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). Relevant regulatory and exchange fees may apply. March 19, 2021 12:34 PM | 18 seconds read. Cookie Notice The information is collected and refined using Benzinga Pros News Tool. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. 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