BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. All Rights Reserved. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . %USER_NAME% was successfully added to your Block List. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. He was WRONg. 2. The information is collected and refined using Benzinga Pro's News Tool. 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. and our Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. Steve Weiss' 30-50% might be worth few millions. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. 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. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 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. He has turned bearish after getting creamed on Moderna and a few others. Im looking forward to my first AMA and your questions. EDIT: thanks everyone. ABBV. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Want EXCLUSIVE stories originated by Benzinga reporters? 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's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. Buy in more if you have the cash. Even if he is wrong, he should be fine. 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. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final 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. once again mentions POAHY for his pick !!!!! Options trading entails significant risk and is not appropriate for all investors. Benzinga Pro users can access this information by using the News tool on any workstation. Join 10,000+ serious traders in the Benzinga Pro community! CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 2023 Benzinga.com. March 19, 2021 12:34 PM | 18 seconds read. Jeremy Grantham says we're headed for sp500 2500 most likely. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. Press J to jump to the feed. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. Amongst those changes were Jumia TechnologiesJMIA. Asset Class Equity The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. A former tax attorney, Steve has been in . If you have a 30 year horizon who cares? time for me to get back to work. Benzinga does not provide investment advice. 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. Today, I'm looking to talk with anyone interested in financial markets. 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). How are we doing? The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. 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 Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. 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;. A Division of NBCUniversal. All rights reserved. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. 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: Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. Replace the attached chart with a new chart ? Never miss a trade again with the fastest news alerts in the world! Does anybody else have similar cash positions right now? Please ask me anything. 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. Timing the mkt its almost impossible. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. Please refer to our Fee Schedule for more details. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. 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. There is always the potential of losing money when you invest in securities or other financial products. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. Tickers FBC HON NYCB SGEN. The commentary delivered by hosts of the show often moves the stocks mentioned. Today, Im looking to talk with anyone interested in financial markets. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . Join 10,000+ serious traders in the Benzinga Pro community! The commentary delivered by hosts of the show often moves the stocks . Want the fastest, most accurate stock market intelligence? At last check Monday, the stock was up 16.84% at $483.61. Visit Author Central to update your books, profile picture, and biography. 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. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. XLE was launched on Dec 16, 1998 and is managed by State Street. 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. Benzinga Pro traders use to win in the markets everyday. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. 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. "I think this company is going to do extremely well," said Weiss. Jan 25, . Im not holding my breath for it. Want EXCLUSIVE stories originated by Benzinga reporters? Crypto trading only available to US residents. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Sign up for free newsletters and get more CNBC delivered to your inbox. He has to hit targets for his clients who have different objectives than you. Do Not Sell My Personal Data/Privacy Policy. Are you an author? 2007-2023 Fusion Media Limited. Are you sure you want to block %USER_NAME%? february 27th but sign up now. 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 weighted towards msft aapl GOOGL and UNH mostly. Sign up to create alerts for Instruments, Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. 2023 Benzinga.com. Trade Off: Steve Weiss. That puts it at a 1 P/E. Jeremy Grantham is like the boy who cried wolf. View and manage who you follow on Amazon. The AMA is set to start at 4:00 pm. IXIC. This headline only article is a sample of real-time intelligence Benzinga does not provide investment advice. 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). Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. Gamer X @GamerX1414 . Ever wonder what Steve Weiss does in his spare time? Are you sure you want to delete this chart? 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. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . Click here to find out! Want the fastest, most accurate stock market intelligence? 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. All rights reserved. and sign up for the mooc. Bryn Talkington. Thanks for your comment. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . November 01, 2022. Click here to find out! Check out our wiki to learn more! On CNBC: Contributor Stephen Weiss Says Bought Porche SE. All rights reserved. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. For access. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Cookie Notice I'm 50/50 right now simply because I don't feel comfortable in the current environnement. I enjoy watching the halftime show and getting the opinions of some others. Tags Jason Snipe Jenny Harrington Trading Ideas. This headline only article is a sample of real-time intelligence We want to hear from you. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. As an investment of course. View Steve Weiss' professional profile on LinkedIn. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. It may therefore take some time before it appears on our website. Benzinga does not provide investment advice. It is like everything he touches turns to crap or he is late to the show and just rides them down. I don't regret having 30%. Since youve just unblocked this person, you must wait 48 hours before renewing the block. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. The right strategy is heavily dependent on you and your current life circumstances. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. The commentary delivered by hosts of the show often moves the stocks mentioned. Weiss is bullish on Jumia. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. 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. Not all coins provided by Apex Crypto LLC are available to New York residents. The value of securities may fluctuate and as a result, clients may lose more than their original investment. All rights reserved. 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. But the people on CNBC aren't the best fund managers. Those aren't all undervalued but they're pretty stable. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. SHCP opened to outside investors in 2014. Benzinga Pro users can access this information by using the News tool on any . 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 '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. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. 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). any of each other's Investing.com's posts. 3. All Rights Reserved. Get this delivered to your inbox, and more info about our products and services. I heard Weiss keeps matchbox cars in his ass for safe keeping. by Benzinga Newsdesk, Benzinga Staff Writer. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Press question mark to learn the rest of the keyboard shortcuts. You're factoring in a 70% decline? We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. 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. Never miss a trade again with the fastest news alerts in the world! The information is collected and refined using Benzinga Pro's News Tool. For more information, please see our Stockpennies: Steve Weiss on CNBC. A $0.55 per contract fee applies for certain options trades. 70%? Your status will be reviewed by our moderators. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 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. Weiss is bullish on Jumia Technologies. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. The information is collected and refined using Benzinga Pros News Tool. He loves days like this. Amongst those changes were Jumia Technologies JMIA . 70% decline for the S&P gets us back to 2011 levels. Privacy Policy. PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; From Benzinga. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. 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. 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. 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. The commentary delivered by hosts of the show often moves the stocks mentioned. Please note that all comments are pending until approved by our moderators. Send us comments about our Author Pages. you're drunk if you think the market will drop 50-70%. 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. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Join 10,000+ serious traders in the Benzinga Pro community! Tue, Dec 29 20154:00 PM EST. The past performance of a security, or financial product does not guarantee future results or returns. Price Action: Moderna is making a new 52-week high in trading today. Investors should consider their investment objectives and risks carefully before investing. Almost any post related to stocks is welcome on /r/stocks. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. 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. Stop listening to these guys and invest in broadmarket etfs. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Does anybody else have similar cash positions right now? -0.57%. 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. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. 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. By doing so, you and %USER_NAME% will not be able to see September 7, 2022 1:25 PM | 1 min read. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. 2023 Benzinga.com. 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. Are you out of youre mind? 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). Tags Stephen Weiss CNBC Benzinga. 2023 CNBC LLC. 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. . 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. 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. #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. 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 hate takes like this because why protect urself with cash if ur this sure of a bear market? Please ensure that you fully understand the risks involved before trading. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . SVFA 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. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. 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. 2023 Webull Financial LLC, All rights reserved. All investments involve risk, and not all risks are suitable for every investor. Cryptocurrency trading is offered through an account with Apex Crypto. He added on to his already existing position inthe company. An explanatory brochure is available upon request or at www.sipc.org. 2022 Benzinga.com. 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. From Benzinga. 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'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. you WILL find it very interesting. +0.73%. 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