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. Weiss is bullish on Jumia. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. View and manage who you follow on Amazon. Please ask me anything. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Never miss a trade again with the fastest news alerts in the world! Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . All rights reserved. you're drunk if you think the market will drop 50-70%. Are you sure you want to delete this chart? Almost any post related to stocks is welcome on /r/stocks. 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. Thank you, I have some cash and after reading this I just put in my buy orders. The sell-off is a buying opportunity for. Press J to jump to the feed. The value of securities may fluctuate and as a result, clients may lose more than their original investment. This Slide: #1 of 10 Continue to slide 2 #10. The information is collected and refined using Benzinga Pros News Tool. %USER_NAME% was successfully added to your Block List. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. by Benzinga Newsdesk, Benzinga Staff Writer. 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). SVFA 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. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 2007-2023 Fusion Media Limited. Benzinga does not provide investment advice. I don't regret having 30%. Benzinga Pro users can access this information by using the News tool on any workstation. Want the fastest, most accurate stock market intelligence? 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 The commentary delivered by hosts of the show often moves the stocks mentioned. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Losses can potentially exceed the initial required deposit. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. The right strategy is heavily dependent on you and your current life circumstances. We want to hear from you. Please ensure that you fully understand the risks involved before trading. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . If you have a 30 year horizon who cares? A Division of NBCUniversal. If you need the money now and are about to retire then sure you can lower your risk. 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. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. 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;. View Steve Weiss' professional profile on LinkedIn. The information is collected and refined using Benzinga Pro's News Tool. 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. For access. You're factoring in a 70% decline? Want the fastest, most accurate stock market intelligence? You need to complete an options trading application and get approval on eligible accounts. IXIC. The past performance of a security, or financial product does not guarantee future results or returns. He was WRONg. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. He added on to his already existing position inthe company. Tickers FBC HON NYCB SGEN. Those aren't all undervalued but they're pretty stable. and sign up for the mooc. 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. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. Benzinga Pro traders use to win in the markets everyday. By doing so, you and %USER_NAME% will not be able to see Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Jeremy Grantham says we're headed for sp500 2500 most likely. Weiss filled in as the Chief Investment Officer there. An explanatory brochure is available upon request or at www.sipc.org. 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. A former tax attorney, Steve has been in . For more information, please see our The commentary delivered by hosts of the show often moves the stocks mentioned. Cookie Notice Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. Price Action: Moderna is making a new 52-week high in trading today. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . Stop listening to these guys and invest in broadmarket etfs. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Cryptocurrency trading is offered through an account with Apex Crypto. 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. Please refer to our Fee Schedule for more details. 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. 2023 Benzinga.com. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). Im not holding my breath for it. Options trading entails significant risk and is not appropriate for all investors. Investors should consider their investment objectives and risks carefully before investing. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 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). Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. 2023 Benzinga.com. Join 10,000+ serious traders in the Benzinga Pro community! Sign up for free newsletters and get more CNBC delivered to your inbox. The AMA is set to start at 4:00 pm. All Rights Reserved. EDIT: thanks everyone. Not all coins provided by Apex Crypto LLC are available to New York residents. Inflation is Slowing, But is it Enough to Slow the Fed? I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. Your ability to comment is currently suspended due to negative user reports. But the people on CNBC aren't the best fund managers. September 7, 2022 1:25 PM | 1 min read. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. All rights reserved. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. 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. 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. Tags Stephen Weiss CNBC Benzinga. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. 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. 2022 Benzinga.com. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Today, I'm looking to talk with anyone interested in financial markets. 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. 2023 Webull Financial LLC, All rights reserved. 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. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. 3. 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. Sign up to create alerts for Instruments, The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Does anybody else have similar cash positions right now? SHCP opened to outside investors in 2014. It is like everything he touches turns to crap or he is late to the show and just rides them down. Crypto trading only available to US residents. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. 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. As an investment of course. 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. february 27th but sign up now. Join 10,000+ serious traders in the Benzinga Pro community! CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Are you an author? 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). 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. Since youve just unblocked this person, you must wait 48 hours before renewing the block. It may therefore take some time before it appears on our website. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Benzinga Pro traders use to win in the markets everyday. 2023 CNBC LLC. 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. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. There is no panacea that works for every investor. Does anybody else have similar cash positions right 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: Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Today, Im looking to talk with anyone interested in financial markets. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. Benzinga does not provide investment advice. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; 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. Your status will be reviewed by our moderators. Please wait a minute before you try to comment again. 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 I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. 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. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Ever wonder what Steve Weiss does in his spare time? Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. 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. 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. There is always the potential of losing money when you invest in securities or other financial products. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. 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. you WILL find it very interesting. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. 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. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 70%? LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. 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. 70% decline for the S&P gets us back to 2011 levels. This headline only article is a sample of real-time intelligence Im looking forward to my first AMA and your questions. 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. He loves days like this. I enjoy watching the halftime show and getting the opinions of some others. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Benzinga does not provide investment advice. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. . Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Do Not Sell My Personal Data/Privacy Policy. Never miss a trade again with the fastest news alerts in the world! Visit Author Central to update your books, profile picture, and biography. 2. 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. Join 10,000+ serious traders in the Benzinga Pro community! time for me to get back to work. Data is a real-time snapshot *Data is delayed at least 15 minutes. All rights reserved. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Send us comments about our Author Pages. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). 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. 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. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Bryn Talkington. Ever wonder what Steve Weiss does in his spare time? Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. Are you sure you want to block %USER_NAME%? Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. and our 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. I'm weighted towards msft aapl GOOGL and UNH mostly. Benzinga Pro users can access this information by using the News tool on any . The commentary delivered by hosts of the show often moves the stocks . He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. All rights reserved. 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. Trade Off: Steve Weiss. if you want to continue the conversation, follow me on twitter @stephenlweiss. 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). 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. Get this delivered to your inbox, and more info about our products and services. He has turned bearish after getting creamed on Moderna and a few others. Gamer X @GamerX1414 . Want EXCLUSIVE stories originated by Benzinga reporters? From Benzinga. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. Amongst those changes were Jumia TechnologiesJMIA. I hate takes like this because why protect urself with cash if ur this sure of a bear market? March 19, 2021 12:34 PM | 18 seconds read. Join 10,000+ serious traders in the Benzinga Pro community! XLE was launched on Dec 16, 1998 and is managed by State Street. The commentary delivered by hosts of the show often moves the stocks mentioned. 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. Please read the Characteristics and Risks of Standardized Options before trading options. SEC Filings include 13F quarterly reports, 13D/G events and more. 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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