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;. Want EXCLUSIVE stories originated by Benzinga reporters? 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. Benzinga does not provide investment advice. Weiss is bullish on Jumia Technologies. For access. Click here to find out! 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. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Does anybody else have similar cash positions right now? 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. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The commentary delivered by hosts of the show often moves the stocks mentioned. 2023 CNBC LLC. All Rights Reserved. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. He has to hit targets for his clients who have different objectives than you. The commentary delivered by hosts of the show often moves the stocks mentioned. 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. Options trading entails significant risk and is not appropriate for all investors. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. 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. +0.73%. 2. Jeremy Grantham says we're headed for sp500 2500 most likely. 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. From Benzinga. He was WRONg. 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. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Please ask me anything. 2007-2023 Fusion Media Limited. I hate takes like this because why protect urself with cash if ur this sure of a bear market? I heard Weiss keeps matchbox cars in his ass for safe keeping. Ever wonder what Steve Weiss does in his spare time? 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. Sign up for free newsletters and get more CNBC delivered to your inbox. Benzinga Pro traders use to win in the markets everyday. %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. The price is inflation risk and market premium. 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. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. 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. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Privacy Policy. 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). Let me know if you think Im buying in to high, Apple $17? If you are 25 and have minimal expenses then let your investments ride (especially your Roth). It may therefore take some time before it appears on our website. A $0.55 per contract fee applies for certain options trades. Almost any post related to stocks is welcome on /r/stocks. 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 buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. if you want to continue the conversation, follow me on twitter @stephenlweiss. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. EDIT: thanks everyone. Data is a real-time snapshot *Data is delayed at least 15 minutes. Benzinga Pro users can access this information by using the News tool on any workstation. 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. I don't regret having 30%. 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. 2023 Benzinga.com. ABBV. @wallstreetmooc. Never miss a trade again with the fastest news alerts in the world! Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Will Oil Stocks Once Again Lead The Market As Inflation Eases? But the people on CNBC aren't the best fund managers. The commentary delivered by hosts of the show often moves the stocks . All rights reserved. The past performance of a security, or financial product does not guarantee future results or returns. The sell-off is a buying opportunity for. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. 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: Your status will be reviewed by our moderators. All Rights Reserved. Join 10,000+ serious traders in the Benzinga Pro community! Weiss filled in as the Chief Investment Officer there. . Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Does anybody else have similar cash positions right now? SVFA Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. September 7, 2022 1:25 PM | 1 min read. Today, Im looking to talk with anyone interested in financial markets. Visit Author Central to update your books, profile picture, and biography. Are you out of youre mind? Reddit and its partners use cookies and similar technologies to provide you with a better experience. 3. By doing so, you and %USER_NAME% will not be able to see Benzinga Pro traders use to win in the markets everyday. SHCP opened to outside investors in 2014. 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). Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. An explanatory brochure is available upon request or at www.sipc.org. That puts it at a 1 P/E. 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. He loves days like this. View Steve Weiss' professional profile on LinkedIn. Join 10,000+ serious traders in the Benzinga Pro community! This headline only article is a sample of real-time intelligence A former tax attorney, Steve has been in . There is no panacea that works for every investor. Tue, Dec 29 20154:00 PM EST. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . Even if he is wrong, he should be fine. At last check Monday, the stock was up 16.84% at $483.61. I'm weighted towards msft aapl GOOGL and UNH mostly. Ever wonder what Steve Weiss does in his spare time? Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. For more information, please see our Follow to get new release updates, special offers (including promotional offers) and improved recommendations. 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. 2023 Benzinga.com. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Want the fastest, most accurate stock market intelligence? Trade Off: Steve Weiss. Investors should consider their investment objectives and risks carefully before investing. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. 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. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Thank you, I have some cash and after reading this I just put in my buy orders. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Benzinga does not provide investment advice. time for me to get back to work. View and manage who you follow on Amazon. You're factoring in a 70% decline? Please read the Characteristics and Risks of Standardized Options before trading options. 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 ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. The information is collected and refined using Benzinga Pro's News Tool. Crypto trading only available to US residents. You need to complete an options trading application and get approval on eligible accounts. The right strategy is heavily dependent on you and your current life circumstances. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . 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. Are you sure you want to delete this chart? the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Not all coins provided by Apex Crypto LLC are available to New York residents. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. 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). read more Latest When hiring, be gender neutral. 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. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. He has turned bearish after getting creamed on Moderna and a few others. Join 10,000+ serious traders in the Benzinga Pro community! Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. The commentary delivered by hosts of the show often moves the stocks mentioned. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Should I up to 50% cash? Press question mark to learn the rest of the keyboard shortcuts. Volkswagen is said to be preparing its Porsche IPO, according to reports. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. This headline only article is a sample of real-time intelligence All rights reserved. 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. 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. Create an account to follow your favorite communities and start taking part in conversations. Benzinga does not provide investment advice. He added on to his already existing position inthe company. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Please refer to our Fee Schedule for more details. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. Press J to jump to the feed. Stop listening to these guys and invest in broadmarket etfs. From Benzinga. Want EXCLUSIVE stories originated by Benzinga reporters? Never miss a trade again with the fastest news alerts in the world! Got a confidential news tip? Are you an author? With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. and sign up for the mooc. If you have a 30 year horizon who cares? Tags Jason Snipe Jenny Harrington Trading Ideas. 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. . Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Please wait a minute before you try to comment again. Timing the mkt its almost impossible. any of each other's Investing.com's posts. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. All rights reserved. Do Not Sell My Personal Data/Privacy Policy. Benzinga does not provide investment advice. Losses can potentially exceed the initial required deposit. 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. This Slide: #1 of 10 Continue to slide 2 #10. "I think this company is going to do extremely well," said Weiss. Today, I'm looking to talk with anyone interested in financial markets. SEC Filings include 13F quarterly reports, 13D/G events and more. Jeremy Grantham is like the boy who cried wolf. Since youve just unblocked this person, you must wait 48 hours before renewing the block. 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. Relevant regulatory and exchange fees may apply. Bryn Talkington. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Amongst those changes were Jumia TechnologiesJMIA. How are we doing? 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. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Price Action: Moderna is making a new 52-week high in trading today. 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. 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. Thanks for your comment. As an investment of course. 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). Amongst those changes were Jumia Technologies JMIA . Please note that all comments are pending until approved by our moderators. 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. 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. Jan 25, . Tickers FBC HON NYCB SGEN. 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. 2023 Benzinga.com. 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. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Inflation is Slowing, But is it Enough to Slow the Fed? 2023 Webull Financial LLC, All rights reserved. and our We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. Your ability to comment is currently suspended due to negative user reports. Im not holding my breath for it. 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. Get this delivered to your inbox, and more info about our products and services. -0.57%. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. by Benzinga Newsdesk, Benzinga Staff Writer. Sign up to create alerts for Instruments, Cryptocurrency trading is offered through an account with Apex Crypto. 2022 Benzinga.com. The information is collected and refined using Benzinga Pro's News Tool. The AMA is set to start at 4:00 pm. Im looking forward to my first AMA and your questions. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. XLE was launched on Dec 16, 1998 and is managed by State Street. Asset Class Equity New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. Steve Weiss' 30-50% might be worth few millions. It is like everything he touches turns to crap or he is late to the show and just rides them down. Please ensure that you fully understand the risks involved before trading. We want to hear from you. Gamer X @GamerX1414 . The information is collected and refined using Benzinga Pros News Tool. february 27th but sign up now. you WILL find it very interesting. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Those aren't all undervalued but they're pretty stable. All investments involve risk, and not all risks are suitable for every investor. 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. 70%? Weiss is bullish on Jumia. There is always the potential of losing money when you invest in securities or other financial products. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. 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.