you're drunk if you think the market will drop 50-70%. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Click here to find out! 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. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 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 does not provide investment advice. 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). 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? Benzinga does not provide investment advice. time for me to get back to work. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. +0.73%. Your status will be reviewed by our moderators. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . Jeremy Grantham says we're headed for sp500 2500 most likely. Price Action: Moderna is making a new 52-week high in trading today. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Today, Im looking to talk with anyone interested in financial markets. The AMA is set to start at 4:00 pm. 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. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? Benzinga Pro users can access this information by using the News tool on any . february 27th but sign up now. 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: Press J to jump to the feed. 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 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. Steve Weiss' 30-50% might be worth few millions. Are you sure you want to delete this chart? Stop listening to these guys and invest in broadmarket etfs. 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. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. 2007-2023 Fusion Media Limited. 2023 CNBC LLC. Rivian Automotive, Pioneer Natural Resources, Cleveland-Cliffs And This Aerospace & Defense ETF On CNBC's 'Final Trades', Delta Air Lines, Msci And This Japanese Stock On CNBC's 'Final Trades', Arista Networks, Zoetis And This Airline Stock On CNBC's 'Final Trades', Alibaba, Deere, Cheniere Energy, And This Fund On CNBC's 'Final Trades', Martin Marietta Materials, Rivian Automotive And This Cybersecurity Company Releasing Earnings Today: CNBC's 'Final Trades', Bunge, Ardagh Metal Packaging And This Soft Drink Giant On CNBC's 'Final Trades', Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On CNBC's 'Final Trades', Kohl's, T Rowe Price, Rocket Lab USA, And This Tech Giant Feature On CNBC's 'Final Trades', Uber Technologies, Eagle Materials, Albemarle And This Cybersecurity Company Feature On CNBC's 'Final Trades', Advance Auto Parts, MasTec, Bank of America And This ETF Are CNBC's 'Final Trades', Citigroup, Live Nation Entertainment, Chevron And This Major ETF On CNBC's 'Final Trades', Charles River Laboratories, AbbVie, Star Bulk Carriers And This Big Bank Are CNBC's 'Final Trades', Cognex, Altria Group, Kinder Morgan And This Energy Giant: CNBC's 'Final Trades', Delta Air Lines, American Tower, Rocket Lab USA, D.R. Relevant regulatory and exchange fees may apply. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. 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. From Benzinga. There is no panacea that works for every investor. I'm weighted towards msft aapl GOOGL and UNH mostly. Please wait a minute before you try to comment again. 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;. The commentary delivered by hosts of the show often moves the stocks . @wallstreetmooc. Never miss a trade again with the fastest news alerts in the world! The information is collected and refined using Benzinga Pro's News Tool. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Stockpennies: Steve Weiss on CNBC. All rights reserved. SEC Filings include 13F quarterly reports, 13D/G events and more. Are you sure you want to block %USER_NAME%? 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. Trade Off: Steve Weiss. I hate takes like this because why protect urself with cash if ur this sure of a bear market? Thanks for your comment. Want the fastest, most accurate stock market intelligence? Inflation is Slowing, But is it Enough to Slow the Fed? 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. EDIT: thanks everyone. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). 2023 Webull Financial LLC, All rights reserved. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. 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. Even if he is wrong, he should be fine. 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. 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. 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 trading is offered through an account with Apex Crypto. 2023 Benzinga.com. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. 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. 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. Sign up to create alerts for Instruments, Join 10,000+ serious traders in the Benzinga Pro community! If you have a 30 year horizon who cares? If you are 25 and have minimal expenses then let your investments ride (especially your Roth). This headline only article is a sample of real-time intelligence Check out our wiki to learn more! By doing so, you and %USER_NAME% will not be able to see This Slide: #1 of 10 Continue to slide 2 #10. Got a confidential news tip? 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. 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. Thank you, I have some cash and after reading this I just put in my buy orders. Visit Author Central to update your books, profile picture, and biography. Benzinga Pro traders use to win in the markets everyday. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. That puts it at a 1 P/E. any of each other's Investing.com's posts. He has turned bearish after getting creamed on Moderna and a few others. Weiss filled in as the Chief Investment Officer there. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Please read the Characteristics and Risks of Standardized Options before trading options. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. But the people on CNBC aren't the best fund managers. He was WRONg. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Tags Jason Snipe Jenny Harrington Trading Ideas. Amongst those changes were Jumia TechnologiesJMIA. It is like everything he touches turns to crap or he is late to the show and just rides them down. You need to complete an options trading application and get approval on eligible accounts. Today, I'm looking to talk with anyone interested in financial markets. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. 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. Want the fastest, most accurate stock market intelligence? Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. He loves days like this. Data is a real-time snapshot *Data is delayed at least 15 minutes. Please refer to our Fee Schedule for more details. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. I heard Weiss keeps matchbox cars in his ass for safe keeping. The past performance of a security, or financial product does not guarantee future results or returns. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Cookie Notice 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. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. I enjoy watching the halftime show and getting the opinions of some others. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Benzinga Pro users can access this information by using the News tool on any workstation. 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. If you need the money now and are about to retire then sure you can lower your risk. Im not holding my breath for it. Create an account to follow your favorite communities and start taking part in conversations. Will Oil Stocks Once Again Lead The Market As Inflation Eases? Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. November 01, 2022. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. All Rights Reserved. Does anybody else have similar cash positions right now? From Benzinga. Do Not Sell My Personal Data/Privacy Policy. 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. The right strategy is heavily dependent on you and your current life circumstances. 2023 Benzinga.com. 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. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. We want to hear from you. 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 investments involve risk, and not all risks are suitable for every investor. The commentary delivered by hosts of the show often moves the stocks mentioned. Investors should consider their investment objectives and risks carefully before investing. The information is collected and refined using Benzinga Pro's News Tool. read more Latest When hiring, be gender neutral. Join 10,000+ serious traders in the Benzinga Pro community! Sign up for free newsletters and get more CNBC delivered to your inbox. Those aren't all undervalued but they're pretty stable. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. He has to hit targets for his clients who have different objectives than you. Never miss a trade again with the fastest news alerts in the world! -0.57%. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. SHCP opened to outside investors in 2014. Get this delivered to your inbox, and more info about our products and services. Ever wonder what Steve Weiss does in his spare time? 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. 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. Weiss is bullish on Jumia. I don't regret having 30%. He added on to his already existing position inthe company. Im looking forward to my first AMA and your questions. An explanatory brochure is available upon request or at www.sipc.org. Want EXCLUSIVE stories originated by Benzinga reporters? Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. 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. Since youve just unblocked this person, you must wait 48 hours before renewing the block. Let me know if you think Im buying in to high, Apple $17? 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. Tue, Dec 29 20154:00 PM EST. Are you out of youre mind? 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. There is always the potential of losing money when you invest in securities or other financial products. 2022 Benzinga.com. Press question mark to learn the rest of the keyboard shortcuts. All rights reserved. IXIC. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Want EXCLUSIVE stories originated by Benzinga reporters? and our September 7, 2022 1:25 PM | 1 min read. 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. As an investment of course. ABBV. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Bryn Talkington. View and manage who you follow on Amazon. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Weiss is bullish on Jumia Technologies. 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). Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. 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. 2. The commentary delivered by hosts of the show often moves the stocks mentioned. SVFA Replace the attached chart with a new chart ? Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. 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. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Join 10,000+ serious traders in the Benzinga Pro community! Buy in more if you have the cash. A $0.55 per contract fee applies for certain options trades. All rights reserved. #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. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. 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). Benzinga does not provide investment advice. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. At last check Monday, the stock was up 16.84% at $483.61. All rights reserved. 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. 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. 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. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. The value of securities may fluctuate and as a result, clients may lose more than their original investment. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. 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. 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. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. For access. 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. Please ensure that you fully understand the risks involved before trading. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. The sell-off is a buying opportunity for. This headline only article is a sample of real-time intelligence and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. Are you an author? Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Losses can potentially exceed the initial required deposit. Your ability to comment is currently suspended due to negative user reports. Please ask me anything. 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. Almost any post related to stocks is welcome on /r/stocks. Crypto trading only available to US residents. For more information, please see our if you want to continue the conversation, follow me on twitter @stephenlweiss. and sign up for the mooc. Privacy Policy. 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