Price Action: Moderna is making a new 52-week high in trading today. Please read the Characteristics and Risks of Standardized Options before trading options. November 01, 2022. and our IXIC. you're drunk if you think the market will drop 50-70%. Losses can potentially exceed the initial required deposit. Join 10,000+ serious traders in the Benzinga Pro community! This headline only article is a sample of real-time intelligence Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. Steve Weiss' 30-50% might be worth few millions. 2023 Benzinga.com. 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. The commentary delivered by hosts of the show often moves the stocks . For access. Are you an author? 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. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. 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. Send us comments about our Author Pages. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. A former tax attorney, Steve has been in . "I think this company is going to do extremely well," said Weiss. At last check Monday, the stock was up 16.84% at $483.61. 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. #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. Amongst those changes were Jumia TechnologiesJMIA. XLE was launched on Dec 16, 1998 and is managed by State Street. Sign up for free newsletters and get more CNBC delivered to your inbox. and sign up for the mooc. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. 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. Join 10,000+ serious traders in the Benzinga Pro community! Tags Jason Snipe Jenny Harrington Trading Ideas. 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. Want the fastest, most accurate stock market intelligence? This headline only article is a sample of real-time intelligence That puts it at a 1 P/E. 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. This Slide: #1 of 10 Continue to slide 2 #10. 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. 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. you WILL find it very interesting. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. 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: From Benzinga. 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. Even if he is wrong, he should be fine. Buy in more if you have the cash. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. 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. ABBV. Crypto trading only available to US residents. 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. All rights reserved. Are you out of youre mind? CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. EDIT: thanks everyone. Does anybody else have similar cash positions right now? read more Latest When hiring, be gender neutral. The commentary delivered by hosts of the show often moves the stocks mentioned. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 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. 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. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . Cryptocurrency trading is offered through an account with Apex Crypto. 2023 Benzinga.com. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. Your ability to comment is currently suspended due to negative user reports. There is no panacea that works for every investor. 2022 Benzinga.com. Almost any post related to stocks is welcome on /r/stocks. Want the fastest, most accurate stock market intelligence? 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). The commentary delivered by hosts of the show often moves the stocks mentioned. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. Inflation is Slowing, But is it Enough to Slow the Fed? The past performance of a security, or financial product does not guarantee future results or returns. Please note that all comments are pending until approved by our moderators. any of each other's Investing.com's posts. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Tue, Dec 29 20154:00 PM EST. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. Relevant regulatory and exchange fees may apply. There is always the potential of losing money when you invest in securities or other financial products. How are we doing? PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Benzinga Pro users can access this information by using the News tool on any . %USER_NAME% was successfully added to your Block List. All rights reserved. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Weiss filled in as the Chief Investment Officer there. 2023 CNBC LLC. For more information, please see our Visit Author Central to update your books, profile picture, and biography. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. 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Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Check out our wiki to learn more! 2023 Benzinga.com. Benzinga does not provide investment advice. If you have a 30 year horizon who cares? Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. All rights reserved. View Steve Weiss' professional profile on LinkedIn. Privacy Policy. Weiss is bullish on Jumia. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Are you sure you want to delete this chart? Today, Im looking to talk with anyone interested in financial markets. 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. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). @wallstreetmooc. 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 investments involve risk, and not all risks are suitable for every investor. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. 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). Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . An explanatory brochure is available upon request or at www.sipc.org. Options trading entails significant risk and is not appropriate for all investors. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. As an investment of course. A Division of NBCUniversal. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Want EXCLUSIVE stories originated by Benzinga reporters? On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . I don't regret having 30%. I enjoy watching the halftime show and getting the opinions of some others. -0.57%. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Benzinga Pro traders use to win in the markets everyday. 2. 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. 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. . 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. 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. 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. View and manage who you follow on Amazon. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? if you want to continue the conversation, follow me on twitter @stephenlweiss. 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). Let me know if you think Im buying in to high, Apple $17? We want to hear from you. The commentary delivered by hosts of the show often moves the stocks mentioned. All rights reserved. Benzinga does not provide investment advice. 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. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . february 27th but sign up now. Amongst those changes were Jumia Technologies JMIA . Never miss a trade again with the fastest news alerts in the world! Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. By doing so, you and %USER_NAME% will not be able to see Reddit and its partners use cookies and similar technologies to provide you with a better experience. You need to complete an options trading application and get approval on eligible accounts. The information is collected and refined using Benzinga Pro's News Tool. 3. Click here to find out! Volkswagen is said to be preparing its Porsche IPO, according to reports. He has turned bearish after getting creamed on Moderna and a few others. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. 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. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. 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. Gamer X @GamerX1414 . 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). Tickers FBC HON NYCB SGEN. I hate takes like this because why protect urself with cash if ur this sure of a bear market? Create an account to follow your favorite communities and start taking part in conversations. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Ever wonder what Steve Weiss does in his spare time? All Rights Reserved. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. Those aren't all undervalued but they're pretty stable. 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. Please wait a minute before you try to comment again. I heard Weiss keeps matchbox cars in his ass for safe keeping. If you need the money now and are about to retire then sure you can lower your risk. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Stockpennies: Steve Weiss on CNBC. Tags Stephen Weiss CNBC Benzinga. The information is collected and refined using Benzinga Pro's News Tool. Do Not Sell My Personal Data/Privacy Policy. Should I up to 50% cash? 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. Bryn Talkington. 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. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. Not all coins provided by Apex Crypto LLC are available to New York residents. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. Timing the mkt its almost impossible. 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 On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. time for me to get back to work. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). once again mentions POAHY for his pick !!!!! March 19, 2021 12:34 PM | 18 seconds read. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. September 7, 2022 1:25 PM | 1 min read. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Asset Class Equity Thanks for your comment. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. SEC Filings include 13F quarterly reports, 13D/G events and more. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. But the people on CNBC aren't the best fund managers. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Cookie Notice The price is inflation risk and market premium. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Replace the attached chart with a new chart ? Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. The right strategy is heavily dependent on you and your current life circumstances. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. Benzinga does not provide investment advice. 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. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). 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;. Jeremy Grantham says we're headed for sp500 2500 most likely. 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. Join 10,000+ serious traders in the Benzinga Pro community! I'm weighted towards msft aapl GOOGL and UNH mostly. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Stop listening to these guys and invest in broadmarket etfs. Get this delivered to your inbox, and more info about our products and services. Please ensure that you fully understand the risks involved before trading. SVFA 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. Today, I'm looking to talk with anyone interested in financial markets. Im not holding my breath for it. Sign up to create alerts for Instruments, You're factoring in a 70% decline? The sell-off is a buying opportunity for. Im looking forward to my first AMA and your questions. He has to hit targets for his clients who have different objectives than you. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Jan 25, . 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. Thank you, I have some cash and after reading this I just put in my buy orders. The AMA is set to start at 4:00 pm. Click here to find out! LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . Ever wonder what Steve Weiss does in his spare time? SHCP opened to outside investors in 2014. 2023 Webull Financial LLC, All rights reserved. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. 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. +0.73%. He was WRONg. Since youve just unblocked this person, you must wait 48 hours before renewing the block. Want EXCLUSIVE stories originated by Benzinga reporters? Trade Off: Steve Weiss. 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. Will Oil Stocks Once Again Lead The Market As Inflation Eases? All Rights Reserved. Jeremy Grantham is like the boy who cried wolf. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. 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. It may therefore take some time before it appears on our website. It is like everything he touches turns to crap or he is late to the show and just rides them down. Please refer to our Fee Schedule for more details. Please ask me anything. He added on to his already existing position inthe company. 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. 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. Benzinga Pro traders use to win in the markets everyday. 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. Got a confidential news tip? and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. 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. Weiss is bullish on Jumia Technologies. 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. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors.