I heard Weiss keeps matchbox cars in his ass for safe keeping. 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). Click here to find out! Inflation is Slowing, But is it Enough to Slow the Fed? 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. I enjoy watching the halftime show and getting the opinions of some others. 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. CNBC Halftime Report on Twitter: "Join Scott Wapner and the committee Be very selective in buying stocks right now: Steve Weiss 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. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. Blackstone, Mastercard Are CNBC 'Fast Money' Mentions, And Steve Weiss Benzinga Pro traders use to win in the markets everyday. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. The information is collected and refined using Benzinga Pros News Tool. November 01, 2022. Buy in more if you have the cash. As an investment of course. Join 10,000+ serious traders in the Benzinga Pro community! 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. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). A Division of NBCUniversal. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. SEC Filings include 13F quarterly reports, 13D/G events 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. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 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Want the fastest, most accurate stock market intelligence? 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Bryn Talkington. Benzinga Pro users can access this information by using the News tool on any workstation. 2023 Benzinga.com. 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. Steve Weiss - Los Angeles, California, United States - LinkedIn Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. Does anybody else have similar cash positions right now? Visit Author Central to update your books, profile picture, and biography. The commentary delivered by hosts of the show often moves the stocks mentioned. Today, Im looking to talk with anyone interested in financial markets. Stop listening to these guys and invest in broadmarket etfs. SHCP opened to outside investors in 2014. The AMA is set to start at 4:00 pm. @wallstreetmooc. Since youve just unblocked this person, you must wait 48 hours before renewing the block. 2023 Webull Financial LLC, All rights reserved. Jeremy Grantham says we're headed for sp500 2500 most likely. 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 information is collected and refined using Benzinga Pro's News Tool. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. View Steve Weiss' professional profile on LinkedIn. If you need the money now and are about to retire then sure you can lower your risk. Losses can potentially exceed the initial required deposit. For access. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. Tickers FBC HON NYCB SGEN. Why This Investor Just Compared Moderna To Amazon, Sees 500% - Webull I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. You're factoring in a 70% decline? 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. 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. The right strategy is heavily dependent on you and your current life circumstances. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I don't regret having 30%. A $0.55 per contract fee applies for certain options trades. Jeremy Grantham is like the boy who cried wolf. He was WRONg. Click here to find out! 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. Weiss is bullish on Jumia Technologies. 2023 CNBC LLC. I'm Stephen Weiss, author of The Billion Dollar Mistake and a - reddit Check out our wiki to learn more! We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. 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. It may therefore take some time before it appears on our website. Get this delivered to your inbox, and more info about our products and services. By doing so, you and %USER_NAME% will not be able to see Please refer to our Fee Schedule for more details. Benzinga Pro users can access this information by using the News tool on any . Thanks for your comment. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . 70% decline for the S&P gets us back to 2011 levels. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Reddit and its partners use cookies and similar technologies to provide you with a better experience. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . 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. . 2023 Benzinga.com. Benzinga does not provide investment advice. He loves days like this. Trade Off: Steve Weiss - CNBC Short Hills Capital's Weiss on why he doesn't own Chinese stocks - CNBC Porsche Automobil Holding SE ADR (POAHY): Steve Weiss on CNBC. once All rights reserved. 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. 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. Never miss a trade again with the fastest news alerts in the world! Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. Cryptocurrency trading is offered through an account with Apex Crypto. Replace the attached chart with a new chart ? Privacy Policy. you WILL find it very interesting. Never miss a trade again with the fastest news alerts in the world! Stockpennies: Steve Weiss on CNBC. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. If you have a 30 year horizon who cares? The past performance of a security, or financial product does not guarantee future results or returns. 2023 Benzinga.com. The price is inflation risk and market premium. Weiss filled in as the Chief Investment Officer there. Join 10,000+ serious traders in the Benzinga Pro community! Weiss is bullish on Jumia. That puts it at a 1 P/E. 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;. The commentary delivered by hosts of the show often moves the stocks mentioned. once again mentions POAHY for his pick !!!!! 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. The commentary delivered by hosts of the show often moves the stocks . 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. Steve Weiss Wiki, Biography, Age, Spouse, Net Worth, Fast Facts iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Want EXCLUSIVE stories originated by Benzinga reporters? Are you sure you want to delete this chart? Asset Class Equity Are you sure you want to block %USER_NAME%? Press question mark to learn the rest of the keyboard shortcuts. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. March 19, 2021 12:34 PM | 18 seconds read. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Fast Money Halftime Report : CNBC : March 3, 2023 12:00pm-1:00pm EST Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Stephen Weiss - Board Member - Digital Diagnostics | LinkedIn Tue, Dec 29 20154:00 PM EST. Steve Weiss Weighs In On Jumia - Jumia Technologies (NYSE:JMIA) Sign up for free newsletters and get more CNBC delivered to your inbox. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Latest News about Stephen Weiss - Stock Market Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. Even if he is wrong, he should be fine. 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. It is like everything he touches turns to crap or he is late to the show and just rides them down. IXIC. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. 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. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . WEISS ASSET MANAGEMENT LP Top 13F Holdings - WhaleWisdom.com 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. Cookie Notice Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. Want EXCLUSIVE stories originated by Benzinga reporters? Why This Investor Thinks The Moderna Sell-Off Is A - Benzinga Volkswagen has potential to be a big EV player: Steve Weiss Stephen Weiss Profile - CNBC if you want to continue the conversation, follow me on twitter @stephenlweiss. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Stephen L. Weiss | Financial Sense Let me know if you think Im buying in to high, Apple $17? Options trading entails significant risk and is not appropriate for all investors. 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. 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. Investors should consider their investment objectives and risks carefully before investing. Benzinga does not provide investment advice. 2. Does anybody else have similar cash positions right now? 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. Should I up to 50% cash? Benzinga does not provide investment advice. 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. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. Price Action: Moderna is making a new 52-week high in trading today. 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). He added on to his already existing position inthe company. Are you an author? 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. All investments involve risk, and not all risks are suitable for every investor. Steve Liesman Wiki: CNBC, Salary, Net Worth, Wife, Family, Facts Im not holding my breath for it. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. All rights reserved. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. XLE ETF Stock Price, Quote & Overview - Stock Analysis 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. 2007-2023 Fusion Media Limited. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Stephen L. Weiss - amazon.com XLE was launched on Dec 16, 1998 and is managed by State Street. Join 10,000+ serious traders in the Benzinga Pro community! 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. +0.73%. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Sign up to create alerts for Instruments, 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 Please ensure that you fully understand the risks involved before trading. The value of securities may fluctuate and as a result, clients may lose more than their original investment. Benzinga does not provide investment advice. 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. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. There's no evidence that the market will bounce, says Short Hills Amongst those changes were Jumia TechnologiesJMIA. Amongst those changes were Jumia Technologies JMIA . Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Ever wonder what Steve Weiss does in his spare time? Crypto trading only available to US residents. Thank you, I have some cash and after reading this I just put in my buy orders. Your status will be reviewed by our moderators. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. SVFA 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. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. ABBV. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Press J to jump to the feed. %USER_NAME% was successfully added to your Block List. Relevant regulatory and exchange fees may apply. 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. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . Im looking forward to my first AMA and your questions. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. This Slide: #1 of 10 Continue to slide 2 #10. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Almost any post related to stocks is welcome on /r/stocks. But the people on CNBC aren't the best fund managers. For more information, please see our The commentary delivered by hosts of the show often moves the stocks mentioned. 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. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; Ever wonder what Steve Weiss does in his spare time? time for me to get back to work. read more Latest When hiring, be gender neutral. The risk-reward hasn't changed this week, says Short Hills' Steve Weiss Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. Your ability to comment is currently suspended due to negative user reports. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Stephen Weiss | Family Office Forum Please wait a minute before you try to comment again. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Send us comments about our Author Pages. An explanatory brochure is available upon request or at www.sipc.org. #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. Gamer X @GamerX1414 . The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. View and manage who you follow on Amazon. Top 10 Stocks Held By Weiss Asset Management LP 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 Steve Weiss said his new buy is Porsche (POAHY) - StreetInsider.com A former tax attorney, Steve has been in . Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Today, I'm looking to talk with anyone interested in financial markets. and our 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.