On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . Your ability to comment is currently suspended due to negative user reports. Amongst those changes were Jumia Technologies JMIA . Stop listening to these guys and invest in broadmarket etfs. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . 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 our 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. The value of securities may fluctuate and as a result, clients may lose more than their original investment. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. He has turned bearish after getting creamed on Moderna and a few others. View Steve Weiss' professional profile on LinkedIn. Today, I'm looking to talk with anyone interested in financial markets. The commentary delivered by hosts of the show often moves the stocks mentioned. 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. Buy in more if you have the cash. Never miss a trade again with the fastest news alerts in the world! Benzinga does not provide investment advice. Want EXCLUSIVE stories originated by Benzinga reporters? Will Oil Stocks Once Again Lead The Market As Inflation Eases? I hate takes like this because why protect urself with cash if ur this sure of a bear market? There is no panacea that works for every investor. The right strategy is heavily dependent on you and your current life circumstances. 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). The commentary delivered by hosts of the show often moves the stocks . Should I up to 50% cash? 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 SEC Filings include 13F quarterly reports, 13D/G events and more. 2022 Benzinga.com. An explanatory brochure is available upon request or at www.sipc.org. Losses can potentially exceed the initial required deposit. 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. Ever wonder what Steve Weiss does in his spare time? Investors should consider their investment objectives and risks carefully before investing. Please wait a minute before you try to comment again. Are you out of youre mind? November 01, 2022. 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. The sell-off is a buying opportunity for. We want to hear from you. EDIT: thanks everyone. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Please note that all comments are pending until approved by our moderators. 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;. SHCP opened to outside investors in 2014. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. Want the fastest, most accurate stock market intelligence? 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). 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. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Benzinga does not provide investment advice. I heard Weiss keeps matchbox cars in his ass for safe keeping. But the people on CNBC aren't the best fund managers. 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. View and manage who you follow on Amazon. Are you an author? Let me know if you think Im buying in to high, Apple $17? Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. Do Not Sell My Personal Data/Privacy Policy. Cryptocurrency trading is offered through an account with Apex Crypto. 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. Timing the mkt its almost impossible. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. 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. Visit Author Central to update your books, profile picture, and biography. Click here to find out! Join 10,000+ serious traders in the Benzinga Pro community! Benzinga does not provide investment advice. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The past performance of a security, or financial product does not guarantee future results or returns. I enjoy watching the halftime show and getting the opinions of some others. 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. 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. The commentary delivered by hosts of the show often moves the stocks mentioned. Join 10,000+ serious traders in the Benzinga Pro community! Create an account to follow your favorite communities and start taking part in conversations. Does anybody else have similar cash positions right now? 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. 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. He added on to his already existing position inthe company. Join 10,000+ serious traders in the Benzinga Pro community! From Benzinga. Asset Class Equity Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. This headline only article is a sample of real-time intelligence I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. 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. -0.57%. . All rights reserved. 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. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). 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. 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. Get this delivered to your inbox, and more info about our products and services. Jeremy Grantham says we're headed for sp500 2500 most likely. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Benzinga Pro users can access this information by using the News tool on any workstation. 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). Join 10,000+ serious traders in the Benzinga Pro community! Want EXCLUSIVE stories originated by Benzinga reporters? Benzinga Pro traders use to win in the markets everyday. Tickers FBC HON NYCB SGEN. 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. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime 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. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Price Action: Moderna is making a new 52-week high in trading 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. 2023 Benzinga.com. Bryn Talkington. you're drunk if you think the market will drop 50-70%. 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. All Rights Reserved. Please ensure that you fully understand the risks involved before trading. 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. 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. All investments involve risk, and not all risks are suitable for every investor. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Sign up to create alerts for Instruments, Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. I don't regret having 30%. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Got a confidential news tip? Even if he is wrong, he should be fine. Gamer X @GamerX1414 . On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. %USER_NAME% was successfully added to your Block List. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. It may therefore take some time before it appears on our website. Press question mark to learn the rest of the keyboard shortcuts. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. 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. by Benzinga Newsdesk, Benzinga Staff Writer. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Im not holding my breath for it. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. read more Latest When hiring, be gender neutral. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. SVFA time for me to get back to work. ABBV. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . 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. You need to complete an options trading application and get approval on eligible accounts. Are you sure you want to block %USER_NAME%? 2023 Benzinga.com. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. From Benzinga. Weiss is bullish on Jumia. Does anybody else have similar cash positions right now? For more information, please see our Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Weiss filled in as the Chief Investment Officer there. 70% decline for the S&P gets us back to 2011 levels. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. 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. 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. Tags Stephen Weiss CNBC Benzinga. Send us comments about our Author Pages. 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. September 7, 2022 1:25 PM | 1 min read. March 19, 2021 12:34 PM | 18 seconds read. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. Benzinga Pro traders use to win in the markets everyday. Stockpennies: Steve Weiss on CNBC. Replace the attached chart with a new chart ? 2023 Webull Financial LLC, All rights reserved. Steve Weiss' 30-50% might be worth few millions. Im looking forward to my first AMA and your questions. Inflation is Slowing, But is it Enough to Slow the Fed? Today, Im looking to talk with anyone interested in financial markets. 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. Press J to jump to the feed. Since youve just unblocked this person, you must wait 48 hours before renewing the block. #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. Almost any post related to stocks is welcome on /r/stocks. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. It is like everything he touches turns to crap or he is late to the show and just rides them down. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; All rights reserved. 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 have a 30 year horizon who cares? Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. if you want to continue the conversation, follow me on twitter @stephenlweiss. 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. . buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. 3. 2023 CNBC LLC. february 27th but sign up now. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. 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. Those aren't all undervalued but they're pretty stable.
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