Press question mark to learn the rest of the keyboard shortcuts. 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. For more information, please see our The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. From Benzinga. Press J to jump to the feed. We want to hear from you. This headline only article is a sample of real-time intelligence Ever wonder what Steve Weiss does in his spare time? LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . Stockpennies: Steve Weiss on CNBC. The past performance of a security, or financial product does not guarantee future results or returns. 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. Since youve just unblocked this person, you must wait 48 hours before renewing the block. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Volkswagen is said to be preparing its Porsche IPO, according to reports. All rights reserved. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. I hate takes like this because why protect urself with cash if ur this sure of a bear market? Losses can potentially exceed the initial required deposit. 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. 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. Are you sure you want to delete this chart? Benzinga does not provide investment advice. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Jeremy Grantham says we're headed for sp500 2500 most likely. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. Got a confidential news tip? CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. Ever wonder what Steve Weiss does in his spare time? An explanatory brochure is available upon request or at www.sipc.org. and sign up for the mooc. 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). Replace the attached chart with a new chart ? It is like everything he touches turns to crap or he is late to the show and just rides them down. Cryptocurrency trading is offered through an account with Apex Crypto. Amongst those changes were Jumia Technologies JMIA . He was WRONg. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. If you need the money now and are about to retire then sure you can lower your risk. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Please note that all comments are pending until approved by our moderators. Almost any post related to stocks is welcome on /r/stocks. 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. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. 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. The commentary delivered by hosts of the show often moves the stocks mentioned. 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. Im looking forward to my first AMA and your questions. The value of securities may fluctuate and as a result, clients may lose more than their original investment. If you have a 30 year horizon who cares? Steve Weiss' 30-50% might be worth few millions. 70%? 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. Should I up to 50% cash? You need to complete an options trading application and get approval on eligible accounts. All rights reserved. Benzinga Pro traders use to win in the markets everyday. 2007-2023 Fusion Media Limited. Tags Stephen Weiss CNBC Benzinga. At last check Monday, the stock was up 16.84% at $483.61. Weiss is bullish on Jumia Technologies. Benzinga does not provide investment advice. All rights reserved. November 01, 2022. 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. Join 10,000+ serious traders in the Benzinga Pro community! Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Amongst those changes were Jumia TechnologiesJMIA. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. I enjoy watching the halftime show and getting the opinions of some others. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. 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. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. 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. . Benzinga does not provide investment advice. 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. once again mentions POAHY for his pick !!!!! 2022 Benzinga.com. Stop listening to these guys and invest in broadmarket etfs. He has to hit targets for his clients who have different objectives than you. 70% decline for the S&P gets us back to 2011 levels. #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. Join 10,000+ serious traders in the Benzinga Pro community! With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. 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. if you want to continue the conversation, follow me on twitter @stephenlweiss. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. you're drunk if you think the market will drop 50-70%. From Benzinga. 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. Are you an author? Jan 25, . Buy in more if you have the cash. 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. There is no panacea that works for every investor. 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. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Tags Jason Snipe Jenny Harrington Trading Ideas. 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 for free newsletters and get more CNBC delivered to your inbox. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. 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. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). 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: On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . I'm 50/50 right now simply because I don't feel comfortable in the current environnement. IXIC. Join 10,000+ serious traders in the Benzinga Pro community! 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. I heard Weiss keeps matchbox cars in his ass for safe keeping. Join 10,000+ serious traders in the Benzinga Pro community! Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . Does anybody else have similar cash positions right now? The commentary delivered by hosts of the show often moves the stocks mentioned. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Benzinga does not provide investment advice. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Those aren't all undervalued but they're pretty stable. . 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. 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. Are you sure you want to block %USER_NAME%? 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. 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. you WILL find it very interesting. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. Weiss is bullish on Jumia. 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 He has turned bearish after getting creamed on Moderna and a few others. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . That puts it at a 1 P/E. 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. Please refer to our Fee Schedule for more details. Check out our wiki to learn more! Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. 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 (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. All investments involve risk, and not all risks are suitable for every investor. Want EXCLUSIVE stories originated by Benzinga reporters? A former tax attorney, Steve has been in . SVFA New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Please ensure that you fully understand the risks involved before trading. 2023 Benzinga.com. SEC Filings include 13F quarterly reports, 13D/G events and more. "I think this company is going to do extremely well," said Weiss. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. 3. There is always the potential of losing money when you invest in securities or other financial products. Gamer X @GamerX1414 . I don't regret having 30%. 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. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . Today, Im looking to talk with anyone interested in financial markets. By doing so, you and %USER_NAME% will not be able to see 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. 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. The sell-off is a buying opportunity for. 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. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. Visit Author Central to update your books, profile picture, and biography. The commentary delivered by hosts of the show often moves the stocks mentioned. It may therefore take some time before it appears on our website. 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Tickers FBC HON NYCB SGEN. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. 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. 2023 Benzinga.com. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. february 27th but sign up now. 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. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). You're factoring in a 70% decline? Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. @wallstreetmooc. and our Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. 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. Bryn Talkington. March 19, 2021 12:34 PM | 18 seconds read. Click here to find out! Benzinga Pro users can access this information by using the News tool on any . +0.73%. 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 Are you out of youre mind? Tue, Dec 29 20154:00 PM EST. 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. Never miss a trade again with the fastest news alerts in the world! Thanks for your comment. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Today, I'm looking to talk with anyone interested in financial markets. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 2023 CNBC LLC. For access. Options trading entails significant risk and is not appropriate for all investors. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. 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. Investors should consider their investment objectives and risks carefully before investing. by Benzinga Newsdesk, Benzinga Staff Writer. Does anybody else have similar cash positions right now? 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. 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). Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Trade Off: Steve Weiss. 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). time for me to get back to work. All Rights Reserved. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. View Steve Weiss' professional profile on LinkedIn. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. EDIT: thanks everyone. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. All Rights Reserved. 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. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. 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. Click here to find out! Want the fastest, most accurate stock market intelligence? Your ability to comment is currently suspended due to negative user reports. Price Action: Moderna is making a new 52-week high in trading today. This Slide: #1 of 10 Continue to slide 2 #10. Cookie Notice Please read the Characteristics and Risks of Standardized Options before trading options. Not all coins provided by Apex Crypto LLC are available to New York residents. Benzinga Pro traders use to win in the markets everyday. A Division of NBCUniversal. Let me know if you think Im buying in to high, Apple $17? September 7, 2022 1:25 PM | 1 min read. I'm weighted towards msft aapl GOOGL and UNH mostly. But the people on CNBC aren't the best fund managers. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. 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. Your status will be reviewed by our moderators. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. Relevant regulatory and exchange fees may apply. 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. Want the fastest, most accurate stock market intelligence? Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Asset Class Equity 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. 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). Even if he is wrong, he should be fine. The AMA is set to start at 4:00 pm. 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.