If you are 25 and have minimal expenses then let your investments ride (especially your Roth). If you need the money now and are about to retire then sure you can lower your risk. The information is collected and refined using Benzinga Pro's News Tool. Jeremy Grantham is like the boy who cried wolf. Never miss a trade again with the fastest news alerts in the world! A Division of NBCUniversal. Should I up to 50% cash? 2007-2023 Fusion Media Limited. The sell-off is a buying opportunity for. 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. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. The commentary delivered by hosts of the show often moves the stocks . Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Steve Weiss' 30-50% might be worth few millions. The AMA is set to start at 4:00 pm. Inflation is Slowing, But is it Enough to Slow the Fed? Sign up to create alerts for Instruments, Since youve just unblocked this person, you must wait 48 hours before renewing the block. The commentary delivered by hosts of the show often moves the stocks mentioned. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. September 7, 2022 1:25 PM | 1 min read. 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. read more Latest When hiring, be gender neutral. The commentary delivered by hosts of the show often moves the stocks mentioned. Almost any post related to stocks is welcome on /r/stocks. . This headline only article is a sample of real-time intelligence Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. 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. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. For more information, please see our After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Tue, Dec 29 20154:00 PM EST. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Join 10,000+ serious traders in the Benzinga Pro community! Benzinga Pro traders use to win in the markets everyday. @wallstreetmooc. and our 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 Weiss filled in as the Chief Investment Officer there. All rights reserved. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. Ever wonder what Steve Weiss does in his spare time? The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. 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. 2023 Benzinga.com. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . 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. Send us comments about our Author Pages. The value of securities may fluctuate and as a result, clients may lose more than their original investment. All rights reserved. Us 10, Scott 7, S&p 6, China 5, Steve 5, Shannon 4, Microsoft 4, Weiss 3, Apple 3, Invesco Qqq 3, Steve Weiss 3, Jim Lebenthal 3, Ibm 3, Primerica 2, Mike Santoli 2, Jim 2, Rob Sechan 2, Pnc Private Bank 2, T. Rowe Price 2, Walgreens 2 He was WRONg. Will Oil Stocks Once Again Lead The Market As Inflation Eases? Want EXCLUSIVE stories originated by Benzinga reporters? Click here to find out! Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. 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. Trade Off: Steve Weiss. Data is a real-time snapshot *Data is delayed at least 15 minutes. Want the fastest, most accurate stock market intelligence? On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. Im not holding my breath for it. 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. and sign up for the mooc. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . Benzinga Pro users can access this information by using the News tool on any workstation. Please ask me anything. Weiss is bullish on Jumia Technologies. Asset Class Equity Even if he is wrong, he should be fine. 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. Benzinga does not provide investment advice. 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. Amongst those changes were Jumia Technologies JMIA . Not all coins provided by Apex Crypto LLC are available to New York residents. This headline only article is a sample of real-time intelligence 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. Stockpennies: Steve Weiss on CNBC. Want EXCLUSIVE stories originated by Benzinga reporters? Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. 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. Press question mark to learn the rest of the keyboard shortcuts. I heard Weiss keeps matchbox cars in his ass for safe keeping. Benzinga does not provide investment advice. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Does anybody else have similar cash positions right now? Buy in more if you have the cash. Tags Stephen Weiss CNBC Benzinga. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; 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. Press J to jump to the feed. There is no panacea that works for every investor. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. SHCP opened to outside investors in 2014. All investments involve risk, and not all risks are suitable for every investor. 2. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Price Action: Moderna is making a new 52-week high in trading today. 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. Tags Jason Snipe Jenny Harrington Trading Ideas. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. As an investment of course. All rights reserved. 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. We want to hear from you. Let me know if you think Im buying in to high, Apple $17? That puts it at a 1 P/E. you're drunk if you think the market will drop 50-70%. by Benzinga Newsdesk, Benzinga Staff Writer. once again mentions POAHY for his pick !!!!! Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. 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. 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. 70%? The commentary delivered by hosts of the show often moves the stocks mentioned. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. He has turned bearish after getting creamed on Moderna and a few others. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Does anybody else have similar cash positions right now? March 19, 2021 12:34 PM | 18 seconds read. For access. He loves days like this. Replace the attached chart with a new chart ? Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. The information is collected and refined using Benzinga Pros News Tool. Investors should consider their investment objectives and risks carefully before investing. 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. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Thank you, I have some cash and after reading this I just put in my buy orders. The right strategy is heavily dependent on you and your current life circumstances. SVFA 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. It may therefore take some time before it appears on our website. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Want the fastest, most accurate stock market intelligence? 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. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Are you sure you want to delete this chart? Visit Author Central to update your books, profile picture, and biography. You're factoring in a 70% decline? I'm weighted towards msft aapl GOOGL and UNH mostly. 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. 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. Benzinga does not provide investment advice. Amongst those changes were Jumia TechnologiesJMIA. Those aren't all undervalued but they're pretty stable. Please note that all comments are pending until approved by our moderators. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. The price is inflation risk and market premium. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. 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. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Jan 25, . Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Relevant regulatory and exchange fees may apply. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Do Not Sell My Personal Data/Privacy Policy. 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). +0.73%. Benzinga Pro users can access this information by using the News tool on any . 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Stop listening to these guys and invest in broadmarket etfs. Check out our wiki to learn more! -0.57%. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Thanks for your comment. View Steve Weiss' professional profile on LinkedIn. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . The information is collected and refined using Benzinga Pro's News Tool. Get this delivered to your inbox, and more info about our products and services. 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. 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. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. He added on to his already existing position inthe company. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. Jeremy Grantham says we're headed for sp500 2500 most likely. SEC Filings include 13F quarterly reports, 13D/G events and more. Join 10,000+ serious traders in the Benzinga Pro community! the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Tickers FBC HON NYCB SGEN. 2023 Webull Financial LLC, All rights reserved. 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. Please read the Characteristics and Risks of Standardized Options before trading options. IXIC. There is always the potential of losing money when you invest in securities or other financial products. 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. Never miss a trade again with the fastest news alerts in the world! But the people on CNBC aren't the best fund managers. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 2023 Benzinga.com. Are you an author? 3. It is like everything he touches turns to crap or he is late to the show and just rides them down. November 01, 2022. EDIT: thanks everyone. 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 has to hit targets for his clients who have different objectives than you. All Rights Reserved. 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;. 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. 70% decline for the S&P gets us back to 2011 levels. 2023 Benzinga.com. Are you sure you want to block %USER_NAME%? On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Create an account to follow your favorite communities and start taking part in conversations. 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. Timing the mkt its almost impossible. 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). Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. 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Im looking forward to my first AMA and your questions. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. 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