Press J to jump to the feed. Please refer to our Fee Schedule for more details. 3. Benzinga Pro traders use to win in the markets everyday. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. and sign up for the mooc. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Join 10,000+ serious traders in the Benzinga Pro community! 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 I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. He has turned bearish after getting creamed on Moderna and a few others. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Crypto trading only available to US residents. Since youve just unblocked this person, you must wait 48 hours before renewing the block. View Steve Weiss' professional profile on LinkedIn. I don't regret having 30%. Join 10,000+ serious traders in the Benzinga Pro community! You're factoring in a 70% decline? 2023 CNBC LLC. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). A former tax attorney, Steve has been in . -0.57%. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. any of each other's Investing.com's posts. 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. Even if he is wrong, he should be fine. 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. Check out our wiki to learn more! Click here to find out! The sell-off is a buying opportunity for. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. 2007-2023 Fusion Media Limited. Stockpennies: Steve Weiss on CNBC. Almost any post related to stocks is welcome on /r/stocks. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. For access. Inflation is Slowing, But is it Enough to Slow the Fed? 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. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. How are we doing? 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. A $0.55 per contract fee applies for certain options trades. Do Not Sell My Personal Data/Privacy Policy. Im looking forward to my first AMA and your questions. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Not all coins provided by Apex Crypto LLC are available to New York residents. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. All investments involve risk, and not all risks are suitable for every investor. This headline only article is a sample of real-time intelligence The information is collected and refined using Benzinga Pro's News Tool. A Division of NBCUniversal. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. 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. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. You need to complete an options trading application and get approval on eligible accounts. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . 2023 Webull Financial LLC, All rights reserved. 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. All Rights Reserved. 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 Tue, Dec 29 20154:00 PM EST. Click here to find out! All rights reserved. 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. %USER_NAME% was successfully added to your Block List. Are you an author? BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. But the people on CNBC aren't the best fund managers. Are you sure you want to delete this chart? Let me know if you think Im buying in to high, Apple $17? Those aren't all undervalued but they're pretty stable. 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. 2022 Benzinga.com. 2. He was WRONg. 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. Sign up to create alerts for Instruments, . Visit Author Central to update your books, profile picture, and biography. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. Weiss is bullish on Jumia Technologies. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . 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. 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. Amongst those changes were Jumia TechnologiesJMIA. +0.73%. Want EXCLUSIVE stories originated by Benzinga reporters? It is like everything he touches turns to crap or he is late to the show and just rides them down. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). Thanks for your comment. That puts it at a 1 P/E. The commentary delivered by hosts of the show often moves the stocks mentioned. "I think this company is going to do extremely well," said Weiss. 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. Please ask me anything. Weiss is bullish on Jumia. and our 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). Thank you, I have some cash and after reading this I just put in my buy orders. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. Timing the mkt its almost impossible. It may therefore take some time before it appears on our website. Cryptocurrency trading is offered through an account with Apex Crypto. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Im not holding my breath for it. Does anybody else have similar cash positions right now? The commentary delivered by hosts of the show often moves the stocks mentioned. 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. 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 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). 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. EDIT: thanks everyone. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. 2023 Benzinga.com. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Privacy Policy. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? This headline only article is a sample of real-time intelligence Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. you're drunk if you think the market will drop 50-70%. He has to hit targets for his clients who have different objectives than you. @wallstreetmooc. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Join 10,000+ serious traders in the Benzinga Pro community! I heard Weiss keeps matchbox cars in his ass for safe keeping. 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. The price is inflation risk and market premium. 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. 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. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. The information is collected and refined using Benzinga Pros News Tool. 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. Steve Weiss' 30-50% might be worth few millions. Benzinga does not provide investment advice. From Benzinga. 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. 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). 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. . 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. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Today, Im looking to talk with anyone interested in financial markets. I enjoy watching the halftime show and getting the opinions of some others. Benzinga does not provide investment advice. 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. Weiss filled in as the Chief Investment Officer there. by Benzinga Newsdesk, Benzinga Staff Writer. Never miss a trade again with the fastest news alerts in the world! Volkswagen is said to be preparing its Porsche IPO, according to reports. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. The value of securities may fluctuate and as a result, clients may lose more than their original investment. Losses can potentially exceed the initial required deposit. Today, I'm looking to talk with anyone interested in financial markets. Got a confidential news tip? 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. you WILL find it very interesting. read more Latest When hiring, be gender neutral. 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: Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). 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 Tags Jason Snipe Jenny Harrington Trading Ideas. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Asset Class Equity Gamer X @GamerX1414 . Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. 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. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Sign up for free newsletters and get more CNBC delivered to your inbox. Please note that all comments are pending until approved by our moderators. The AMA is set to start at 4:00 pm. All rights reserved. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year.