Even if he is wrong, he should be fine. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. The information is collected and refined using Benzinga Pros News Tool. 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. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. He added on to his already existing position inthe company. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. time for me to get back to work. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Those aren't all undervalued but they're pretty stable. Amongst those changes were Jumia TechnologiesJMIA. XLE was launched on Dec 16, 1998 and is managed by State Street. 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. All rights reserved. and our Tickers FBC HON NYCB SGEN. 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. I don't regret having 30%. Press J to jump to the feed. Thanks for your comment. Options trading entails significant risk and is not appropriate for all investors. Bryn Talkington. At last check Monday, the stock was up 16.84% at $483.61. He was WRONg. 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. Benzinga does not provide investment advice. Weiss is bullish on Jumia. Are you sure you want to delete this chart? On CNBC: Contributor Stephen Weiss Says Bought Porche SE. 2007-2023 Fusion Media Limited. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. 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. Benzinga Pro users can access this information by using the News tool on any . Volkswagen is said to be preparing its Porsche IPO, according to reports. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Benzinga does not provide investment advice. Ever wonder what Steve Weiss does in his spare time? Join 10,000+ serious traders in the Benzinga Pro community! From Benzinga. All rights reserved. The information is collected and refined using Benzinga Pro's News Tool. Please note that all comments are pending until approved by our moderators. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. This Slide: #1 of 10 Continue to slide 2 #10. You need to complete an options trading application and get approval on eligible accounts. The commentary delivered by hosts of the show often moves the stocks mentioned. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; This headline only article is a sample of real-time intelligence Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Privacy Policy. SHCP opened to outside investors in 2014. The sell-off is a buying opportunity for. There is always the potential of losing money when you invest in securities or other financial products. Create an account to follow your favorite communities and start taking part in conversations. November 01, 2022. and sign up for the mooc. 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 filled in as the Chief Investment Officer there. An explanatory brochure is available upon request or at www.sipc.org. any of each other's Investing.com's posts. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? . Since youve just unblocked this person, you must wait 48 hours before renewing the block. A former tax attorney, Steve has been in . All investments involve risk, and not all risks are suitable for every investor. 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. 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. 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 $0.55 per contract fee applies for certain options trades. We want to hear from you. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. 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. Asset Class Equity Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. 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'm 50/50 right now simply because I don't feel comfortable in the current environnement. 2023 Benzinga.com. The commentary delivered by hosts of the show often moves the stocks . Reddit and its partners use cookies and similar technologies to provide you with a better experience. He has to hit targets for his clients who have different objectives than you. 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. March 19, 2021 12:34 PM | 18 seconds read. Want the fastest, most accurate stock market intelligence? Are you an author? CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. It may therefore take some time before it appears on our website. Benzinga does not provide investment advice. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. Tue, Dec 29 20154:00 PM EST. 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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 #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. 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. Please ensure that you fully understand the risks involved before trading. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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). Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. 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). I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Moderna is trading higher on a few different pieces of news including the company's approval in Australia,comments from Dr. Anthony Fauci andBioNtech SE's (NASDAQ:BNTX) financial results,Weiss told CNBC. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. Jeremy Grantham says we're headed for sp500 2500 most likely. I enjoy watching the halftime show and getting the opinions of some others. Never miss a trade again with the fastest news alerts in the world! Amongst those changes were Jumia Technologies JMIA . Should I up to 50% cash? The right strategy is heavily dependent on you and your current life circumstances. 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 Im looking forward to my first AMA and your questions. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). View Steve Weiss' professional profile on LinkedIn. He has turned bearish after getting creamed on Moderna and a few others. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Please read the Characteristics and Risks of Standardized Options before trading options. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 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. 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. Do Not Sell My Personal Data/Privacy Policy. There is no panacea that works for every investor. 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;. Jan 25, . Press question mark to learn the rest of the keyboard shortcuts. Sign up to create alerts for Instruments, 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: 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. by Benzinga Newsdesk, Benzinga Staff Writer. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Are you out of youre mind? 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. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Price Action: Moderna is making a new 52-week high in trading today. All Rights Reserved. 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. The AMA is set to start at 4:00 pm. Are you sure you want to block %USER_NAME%? 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. Stop listening to these guys and invest in broadmarket etfs. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . Does anybody else have similar cash positions right now? 2023 CNBC LLC. Your ability to comment is currently suspended due to negative user reports. +0.73%. 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. I heard Weiss keeps matchbox cars in his ass for safe keeping. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 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. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. I'm weighted towards msft aapl GOOGL and UNH mostly. 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. 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. How are we doing? Join 10,000+ serious traders in the Benzinga Pro community! All rights reserved. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. 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 EDIT: thanks everyone. All rights reserved. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . 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). you WILL find it very interesting. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. I hate takes like this because why protect urself with cash if ur this sure of a bear market? Join 10,000+ serious traders in the Benzinga Pro community! Trade Off: Steve Weiss. 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