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Relevant regulatory and exchange fees may apply. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. read more Latest When hiring, be gender neutral. 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. An explanatory brochure is available upon request or at www.sipc.org. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. I'm weighted towards msft aapl GOOGL and UNH mostly. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. Volkswagen is said to be preparing its Porsche IPO, according to reports. The commentary delivered by hosts of the show often moves the stocks mentioned. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. Jan 25, . Join 10,000+ serious traders in the Benzinga Pro community! Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Almost any post related to stocks is welcome on /r/stocks. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Im looking forward to my first AMA and your questions. Join 10,000+ serious traders in the Benzinga Pro community! 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. Inflation is Slowing, But is it Enough to Slow the Fed? Please read the Characteristics and Risks of Standardized Options before trading options. Benzinga does not provide investment advice. 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. ABBV. 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. Jeremy Grantham says we're headed for sp500 2500 most likely. 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). A $0.55 per contract fee applies for certain options trades. SHCP opened to outside investors in 2014. November 01, 2022. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. Never miss a trade again with the fastest news alerts in the world! @wallstreetmooc. Price Action: Moderna is making a new 52-week high in trading today. Click here to find out! CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Tickers FBC HON NYCB SGEN. 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. Benzinga does not provide investment advice. Tags Jason Snipe Jenny Harrington Trading Ideas. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. %USER_NAME% was successfully added to your Block List. I don't regret having 30%. 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. once again mentions POAHY for his pick !!!!! 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. Us 10, Scott 7, S&p 6, China 5, Steve 5, Shannon 4, Microsoft 4, Weiss 3, Apple 3, Invesco Qqq 3, Steve Weiss 3, Jim Lebenthal 3, Ibm 3, Primerica 2, Mike Santoli 2, Jim 2, Rob Sechan 2, Pnc Private Bank 2, T. Rowe Price 2, Walgreens 2 The right strategy is heavily dependent on you and your current life circumstances. 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. 2. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. 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. As an investment of course. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). if you want to continue the conversation, follow me on twitter @stephenlweiss. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Please wait a minute before you try to comment again. If you have a 30 year horizon who cares? 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. EDIT: thanks everyone. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. and sign up for the mooc. 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. 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. Will Oil Stocks Once Again Lead The Market As Inflation Eases? The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. For access. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Bryn Talkington. IXIC. Click here to find out! Never miss a trade again with the fastest news alerts in the world! That puts it at a 1 P/E. 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. Sign up to create alerts for Instruments, Jeremy Grantham is like the boy who cried wolf. Should I up to 50% cash? XLE was launched on Dec 16, 1998 and is managed by State Street. +0.73%. Send us comments about our Author Pages. 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. . Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Those aren't all undervalued but they're pretty stable. Check out our wiki to learn more! any of each other's Investing.com's posts. The information is collected and refined using Benzinga Pros News Tool. By doing so, you and %USER_NAME% will not be able to see and our 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. Are you sure you want to delete this chart? Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. Benzinga does not provide investment advice. 3. Join 10,000+ serious traders in the Benzinga Pro community! A Division of NBCUniversal. I heard Weiss keeps matchbox cars in his ass for safe keeping. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. 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. 2023 CNBC LLC. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . 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;. Got a confidential news tip? SVFA Reddit and its partners use cookies and similar technologies to provide you with a better experience. by Benzinga Newsdesk, Benzinga Staff Writer. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Let me know if you think Im buying in to high, Apple $17? Get this delivered to your inbox, and more info about our products and services. Benzinga Pro traders use to win in the markets everyday. Weiss is bullish on Jumia. 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. -0.57%. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. 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. 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. He added on to his already existing position inthe company. time for me to get back to work. All rights reserved. Options trading entails significant risk and is not appropriate for all investors. Amongst those changes were Jumia TechnologiesJMIA. 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). New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. Join 10,000+ serious traders in the Benzinga Pro community! He has to hit targets for his clients who have different objectives than you. 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 Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. 2023 Webull Financial LLC, All rights reserved. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. Please refer to our Fee Schedule for more details. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . Cryptocurrency trading is offered through an account with Apex Crypto. All rights reserved. Are you out of youre mind? Your status will be reviewed by our moderators. . Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. This headline only article is a sample of real-time intelligence 70% decline for the S&P gets us back to 2011 levels. Tags Stephen Weiss CNBC Benzinga. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. 2023 Benzinga.com. Please ensure that you fully understand the risks involved before trading. 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). How are we doing? Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Press question mark to learn the rest of the keyboard shortcuts. 2022 Benzinga.com. 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. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? Since youve just unblocked this person, you must wait 48 hours before renewing the block. You need to complete an options trading application and get approval on eligible accounts. Even if he is wrong, he should be fine. Visit Author Central to update your books, profile picture, and biography. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. 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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. Ever wonder what Steve Weiss does in his spare time? Ever wonder what Steve Weiss does in his spare time? Weiss filled in as the Chief Investment Officer there. Losses can potentially exceed the initial required deposit. But the people on CNBC aren't the best fund managers. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. 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. 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. Does anybody else have similar cash positions right now? The value of securities may fluctuate and as a result, clients may lose more than their original investment. The sell-off is a buying opportunity for. 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. There is no panacea that works for every investor. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Today, I'm looking to talk with anyone interested in financial markets. Trade Off: Steve Weiss. Want the fastest, most accurate stock market intelligence? Tue, Dec 29 20154:00 PM EST. We want to hear from you. All Rights Reserved. From Benzinga. Asset Class Equity Stop listening to these guys and invest in broadmarket etfs. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. Benzinga Pro traders use to win in the markets everyday. The past performance of a security, or financial product does not guarantee future results or returns. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; I'm thinking next month the market could sell off 50 to 70% from here and I can pick up some deals on MSFT GOOGL NVDA and stuff. Steve Weiss' 30-50% might be worth few millions. Reddit and its partners use cookies and similar technologies to provide you with a better experience. you WILL find it very interesting. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. The information is collected and refined using Benzinga Pro's News Tool. Weiss is bullish on Jumia Technologies. From Benzinga. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. There is always the potential of losing money when you invest in securities or other financial products. 2023 Benzinga.com. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . 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. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. Want EXCLUSIVE stories originated by Benzinga reporters? The AMA is set to start at 4:00 pm. Sign up for free newsletters and get more CNBC delivered to your inbox. View Steve Weiss' professional profile on LinkedIn. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. 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. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . 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. 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). Thanks for your comment. Replace the attached chart with a new chart ? I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. 100% OWNER OF UNITED ASSET MANAGEMENT UK HOLDINGS LIMITED: indirect: 1996-09-01: 2003-11-18: ARTISAN PARTNERS LIMITED PARTNERSHIP: LIMITED PARTNER OF SUTTER HILL PARTNERS L.P. indirect: 1998-01-01: Gamer X @GamerX1414 . Please ask me anything. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. 70%? For more information, please see our you're drunk if you think the market will drop 50-70%. Benzinga Pro users can access this information by using the News tool on any workstation. Timing the mkt its almost impossible. The commentary delivered by hosts of the show often moves the stocks mentioned. Create an account to follow your favorite communities and start taking part in conversations. This Slide: #1 of 10 Continue to slide 2 #10. february 27th but sign up now. Privacy Policy. Thank you, I have some cash and after reading this I just put in my buy orders. 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. 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. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. He was WRONg. Economic Events and content by followed authors, It's Here: the Only Stock Screener You'll Ever Need, Tesla, AbbVie Are CNBC 'Fast Money' Mentions; Steve Weiss Is Shorting This ETF. 2023 Benzinga.com. March 19, 2021 12:34 PM | 18 seconds read. All rights reserved. USD, Old Economy Investing is Back: Sector ETFs to Win, Energy stocks have been at this discount to the broader market just 5% of the time, strategist says, VettaFi Voices On: The 2023 Outlook for Commodities, 4 Sectors Warren Buffett Loves: ETFs in Focus, Forget Tech Drag, Buy Sector ETFs Supporting S&P 500 Earnings, Invest Like Warren Buffett With These ETFs, Global Markets Wrap: Russia Cuts Oil Production, UK Avoids Recession, ETF Asset Report of Last Week: Value Tops, Energy ETFs in Focus Post Exxon, Chevron Q4 Earnings, Oil Services ETFs in Focus on Strong Q4 Earnings, Chevron ETFs to Buy on Buyback & 6% Dividend Hike, 5 Sector ETFs to Play on Upbeat Q4 Revenue Growth. Press J to jump to the feed. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. At last check Monday, the stock was up 16.84% at $483.61. 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. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . Benzinga Pro users can access this information by using the News tool on any . Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). All investments involve risk, and not all risks are suitable for every investor. SEC Filings include 13F quarterly reports, 13D/G events and more. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Does anybody else have similar cash positions right now? Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. September 7, 2022 1:25 PM | 1 min read. 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. Are you sure you want to block %USER_NAME%? Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. Want EXCLUSIVE stories originated by Benzinga reporters? #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. You're factoring in a 70% decline? Are you an author? 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