On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . Please ask me anything. Those aren't all undervalued but they're pretty stable. Buy in more if you have the cash. 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. The sell-off is a buying opportunity for. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. 2023 Webull Financial LLC, All rights reserved. Please read the Characteristics and Risks of Standardized Options before trading options. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. Benzinga does not provide investment advice. All Rights Reserved. Got a confidential news tip? 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. How are we doing? I hate takes like this because why protect urself with cash if ur this sure of a bear market? %USER_NAME% was successfully added to your Block List. He has turned bearish after getting creamed on Moderna and a few others. If you need the money now and are about to retire then sure you can lower your risk. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. All rights reserved. Tickers FBC HON NYCB SGEN. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. Does anybody else have similar cash positions right now? That puts it at a 1 P/E. The past performance of a security, or financial product does not guarantee future results or returns. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. SVFA The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. 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. 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. @wallstreetmooc. He added on to his already existing position inthe company. 2023 CNBC LLC. Gamer X @GamerX1414 . Want the fastest, most accurate stock market intelligence? He has to hit targets for his clients who have different objectives than you. Want the fastest, most accurate stock market intelligence? Benzinga Pro traders use to win in the markets everyday. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Losses can potentially exceed the initial required deposit. All investments involve risk, and not all risks are suitable for every investor. Steve Weiss' 30-50% might be worth few millions. once again mentions POAHY for his pick !!!!! Today, Im looking to talk with anyone interested in financial markets. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Amongst those changes were Jumia Technologies JMIA . 70%? I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. 2022 Benzinga.com. I don't regret having 30%. read more Latest When hiring, be gender neutral. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Even if he is wrong, he should be fine. -0.57%. Cookie Notice 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. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. Should I up to 50% cash? Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. I heard Weiss keeps matchbox cars in his ass for safe keeping. From Benzinga. 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. 70% decline for the S&P gets us back to 2011 levels. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. You're factoring in a 70% decline? 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;. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 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. if you want to continue the conversation, follow me on twitter @stephenlweiss. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Create an account to follow your favorite communities and start taking part in conversations. Are you an author? 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. Benzinga Pro traders use to win in the markets everyday. 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. Volkswagen is said to be preparing its Porsche IPO, according to reports. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Please note that all comments are pending until approved by our moderators. EDIT: thanks everyone. Tags Jason Snipe Jenny Harrington Trading Ideas. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; 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. 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. November 01, 2022. For access. ABBV. 2. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . 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. 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. We want to hear from you. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . by Benzinga Newsdesk, Benzinga Staff Writer. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. Weiss is bullish on Jumia Technologies. 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. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Your status will be reviewed by our moderators. I'm weighted towards msft aapl GOOGL and UNH mostly. Click here to find out! There is always the potential of losing money when you invest in securities or other financial products. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. 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. A Division of NBCUniversal. 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). 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. 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. . 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. Cryptocurrency trading is offered through an account with Apex Crypto. Sign up for free newsletters and get more CNBC delivered to your inbox. 2023 Benzinga.com. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. A former tax attorney, Steve has been in . View Steve Weiss' professional profile on LinkedIn. Jeremy Grantham is like the boy who cried wolf. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The information is collected and refined using Benzinga Pros News Tool. This headline only article is a sample of real-time intelligence Stop listening to these guys and invest in broadmarket etfs. Please ensure that you fully understand the risks involved before trading. 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. 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. any of each other's Investing.com's posts. SEC Filings include 13F quarterly reports, 13D/G events and more. Benzinga does not provide investment advice. Privacy Policy. The information is collected and refined using Benzinga Pro's News Tool. The right strategy is heavily dependent on you and your current life circumstances. Asset Class Equity 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. Never miss a trade again with the fastest news alerts in the world! 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. Benzinga Pro users can access this information by using the News tool on any workstation. 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. March 19, 2021 12:34 PM | 18 seconds read. Weiss filled in as the Chief Investment Officer there. At last check Monday, the stock was up 16.84% at $483.61. Press J to jump to the feed. Let me know if you think Im buying in to high, Apple $17? Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. 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. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Crypto trading only available to US residents. 3. 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. This headline only article is a sample of real-time intelligence Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. The AMA is set to start at 4:00 pm. "I think this company is going to do extremely well," said Weiss. 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. Trade Off: Steve Weiss. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . Never miss a trade again with the fastest news alerts in the world! Check out our wiki to learn more! It may therefore take some time before it appears on our website. 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. Stockpennies: Steve Weiss on CNBC. September 7, 2022 1:25 PM | 1 min read. There is no panacea that works for every investor. 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: By doing so, you and %USER_NAME% will not be able to see An explanatory brochure is available upon request or at www.sipc.org. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. Inflation is Slowing, But is it Enough to Slow the Fed? He was WRONg. and sign up for the mooc. From Benzinga. Almost any post related to stocks is welcome on /r/stocks. Send us comments about our Author Pages. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Visit Author Central to update your books, profile picture, and biography. 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). CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Amongst those changes were Jumia TechnologiesJMIA. Click here to find out! Sign up to create alerts for Instruments, Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Join 10,000+ serious traders in the Benzinga Pro community! 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. 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. XLE was launched on Dec 16, 1998 and is managed by State Street. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Your ability to comment is currently suspended due to negative user reports. Are you sure you want to delete this chart? Jan 25, . Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. It is like everything he touches turns to crap or he is late to the show and just rides them down. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. february 27th but sign up now. Options trading entails significant risk and is not appropriate for all investors. I enjoy watching the halftime show and getting the opinions of some others. Tue, Dec 29 20154:00 PM EST. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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 information is collected and refined using Benzinga Pro's News Tool. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Relevant regulatory and exchange fees may apply. All rights reserved. Price Action: Moderna is making a new 52-week high in trading today. Want EXCLUSIVE stories originated by Benzinga reporters? I'm 50/50 right now simply because I don't feel comfortable in the current environnement. You need to complete an options trading application and get approval on eligible accounts. Press question mark to learn the rest of the keyboard shortcuts. Today, I'm looking to talk with anyone interested in financial markets. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. Want EXCLUSIVE stories originated by Benzinga reporters? ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. Do Not Sell My Personal Data/Privacy Policy. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Join 10,000+ serious traders in the Benzinga Pro community! Join 10,000+ serious traders in the Benzinga Pro community! Please wait a minute before you try to comment again. Please refer to our Fee Schedule for more details. 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. All rights reserved. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Im looking forward to my first AMA and your questions. +0.73%. The commentary delivered by hosts of the show often moves the stocks mentioned. Benzinga Pro users can access this information by using the News tool on any . 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 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? After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Bryn Talkington. Does anybody else have similar cash positions right now? Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. SHCP opened to outside investors in 2014. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. 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. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. The price is inflation risk and market premium. This Slide: #1 of 10 Continue to slide 2 #10. #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. For more information, please see our Tags Stephen Weiss CNBC Benzinga. 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 Thanks for your comment. Are you sure you want to block %USER_NAME%? 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. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. 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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. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Get this delivered to your inbox, and more info about our products and services. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. Jeremy Grantham says we're headed for sp500 2500 most likely. 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. Investors should consider their investment objectives and risks carefully before investing. 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. you WILL find it very interesting. Not all coins provided by Apex Crypto LLC are available to New York residents. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. As an investment of course. Thank you, I have some cash and after reading this I just put in my buy orders. Since youve just unblocked this person, you must wait 48 hours before renewing the block. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). 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.

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