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Benzinga does not provide investment advice. Want EXCLUSIVE stories originated by Benzinga reporters? Does anybody else have similar cash positions right now? Price Action: Moderna is making a new 52-week high in trading today. If you have a 30 year horizon who cares? and sign up for the mooc. 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. 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. Weiss is bullish on Jumia Technologies. Options trading entails significant risk and is not appropriate for all investors. 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). Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. Relevant regulatory and exchange fees may apply. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . 70%? Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. Click here to find out! 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. Tags Stephen Weiss CNBC Benzinga. Steve Weiss' 30-50% might be worth few millions. Im not holding my breath for it. November 01, 2022. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Data is a real-time snapshot *Data is delayed at least 15 minutes. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Today, I'm looking to talk with anyone interested in financial markets. 2007-2023 Fusion Media Limited. 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). Gamer X @GamerX1414 . Visit Author Central to update your books, profile picture, and biography. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. A former tax attorney, Steve has been in . Cookie Notice I hate takes like this because why protect urself with cash if ur this sure of a bear market? 2022 Benzinga.com. We want to hear from you. As an investment of course. 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. Please refer to our Fee Schedule for more details. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. 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. #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. and our He was WRONg. 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. . 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. %USER_NAME% was successfully added to your Block List. Sign up to create alerts for Instruments, Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Send us comments about our Author Pages. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Your ability to comment is currently suspended due to negative user reports. 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;. Thank you, I have some cash and after reading this I just put in my buy orders. He has turned bearish after getting creamed on Moderna and a few others. All Rights Reserved. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . All investments involve risk, and not all risks are suitable for every investor. 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. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. Reddit and its partners use cookies and similar technologies to provide you with a better experience. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. Tue, Dec 29 20154:00 PM EST. He loves days like this. I don't regret having 30%. Bryn Talkington. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Benzinga does not provide investment advice. time for me to get back to work. 2023 Benzinga.com. 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. 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. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. 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. 2023 Benzinga.com. you're drunk if you think the market will drop 50-70%. 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. 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. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. 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. if you want to continue the conversation, follow me on twitter @stephenlweiss. The information is collected and refined using Benzinga Pro's News Tool. once again mentions POAHY for his pick !!!!! Do Not Sell My Personal Data/Privacy Policy. 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). Even if he is wrong, he should be fine. Never miss a trade again with the fastest news alerts in the world! But the people on CNBC aren't the best fund managers. Ever wonder what Steve Weiss does in his spare time? 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. Check out our wiki to learn more! Timing the mkt its almost impossible. 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. february 27th but sign up now. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Are you an author? 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. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. All Rights Reserved. 70% decline for the S&P gets us back to 2011 levels. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Im looking forward to my first AMA and your questions. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. @wallstreetmooc. 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. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. The commentary delivered by hosts of the show often moves the stocks mentioned. read more Latest When hiring, be gender neutral. 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. Want the fastest, most accurate stock market intelligence? iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). 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. The information is collected and refined using Benzinga Pro's News Tool. SHCP opened to outside investors in 2014. EDIT: thanks everyone. View and manage who you follow on Amazon. That puts it at a 1 P/E. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Please read the Characteristics and Risks of Standardized Options before trading options. 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. 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. All rights reserved. Please ask me anything. Trade Off: Steve Weiss. 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. Volkswagen is said to be preparing its Porsche IPO, according to reports. It may therefore take some time before it appears on our website. All rights reserved. Short Hills Capital's Steve Weiss shared Monday on CNBC's "Fast Money Halftime Report" that he is adding to his Moderna Inc (NASDAQ:MRNA) stock position.. Moderna is trading higher on a few different pieces of news including the company's approval in Australia, comments from Dr. Anthony Fauci and BioNtech SE's (NASDAQ:BNTX) financial results, Weiss told CNBC. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. 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. Almost any post related to stocks is welcome on /r/stocks. The sell-off is a buying opportunity for. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. He added on to his already existing position inthe company. 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. At last check Monday, the stock was up 16.84% at $483.61. 2023 Webull Financial LLC, All rights reserved. For more information, please see our Today, Im looking to talk with anyone interested in financial markets. I heard Weiss keeps matchbox cars in his ass for safe keeping. This headline only article is a sample of real-time intelligence The information is collected and refined using Benzinga Pros News Tool. Those aren't all undervalued but they're pretty stable. A $0.55 per contract fee applies for certain options trades. I'm weighted towards msft aapl GOOGL and UNH mostly. March 19, 2021 12:34 PM | 18 seconds read. 2. There is no panacea that works for every investor. 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. Stop listening to these guys and invest in broadmarket etfs. XLE was launched on Dec 16, 1998 and is managed by State Street. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. Crypto trading only available to US residents. "I think this company is going to do extremely well," said Weiss. Benzinga Pro users can access this information by using the News tool on any workstation. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. He has to hit targets for his clients who have different objectives than you. SVFA Are you sure you want to delete this chart? I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Please ensure that you fully understand the risks involved before trading. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. I enjoy watching the halftime show and getting the opinions of some others. Your status will be reviewed by our moderators. Tickers FBC HON NYCB SGEN. This Slide: #1 of 10 Continue to slide 2 #10. The price is inflation risk and market premium. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Since youve just unblocked this person, you must wait 48 hours before renewing the block. Losses can potentially exceed the initial required deposit. 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. A Division of NBCUniversal. 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. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. 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