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Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. 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. 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. Does anybody else have similar cash positions right now? This Slide: #1 of 10 Continue to slide 2 #10. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Tags Jason Snipe Jenny Harrington Trading Ideas. Press question mark to learn the rest of the keyboard shortcuts. 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. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. Are you out of youre mind? There is always the potential of losing money when you invest in securities or other financial products. Join 10,000+ serious traders in the Benzinga Pro community! All rights reserved. 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). Want EXCLUSIVE stories originated by Benzinga reporters? SHCP opened to outside investors in 2014. Should I up to 50% cash? Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. The past performance of a security, or financial product does not guarantee future results or returns. 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. 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. Relevant regulatory and exchange fees may apply. Your ability to comment is currently suspended due to negative user reports. Sign up to create alerts for Instruments, Benzinga does not provide investment advice. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. Ever wonder what Steve Weiss does in his spare time? On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. For more information, please see our Volkswagen is said to be preparing its Porsche IPO, according to reports. All rights reserved. Today, I'm looking to talk with anyone interested in financial markets. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Your status will be reviewed by our moderators. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. The commentary delivered by hosts of the show often moves the stocks . Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. Join 10,000+ serious traders in the Benzinga Pro community! Benzinga Pro users can access this information by using the News tool on any . 70% decline for the S&P gets us back to 2011 levels. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The commentary delivered by hosts of the show often moves the stocks mentioned. 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. Please ask me anything. View and manage who you follow on Amazon. 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. But the people on CNBC aren't the best fund managers. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 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. View Steve Weiss' professional profile on LinkedIn. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? Benzinga does not provide investment advice. At last check Monday, the stock was up 16.84% at $483.61. Benzinga does not provide investment advice. Join 10,000+ serious traders in the Benzinga Pro community! A $0.55 per contract fee applies for certain options trades. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. #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. SEC Filings include 13F quarterly reports, 13D/G events and more. XLE was launched on Dec 16, 1998 and is managed by State Street. 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 . Stop listening to these guys and invest in broadmarket etfs. Tickers FBC HON NYCB SGEN. Price Action: Moderna is making a new 52-week high in trading today. All rights reserved. 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. He added on to his already existing position inthe company. 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. This headline only article is a sample of real-time intelligence Bryn Talkington. IXIC. Are you sure you want to delete this chart? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Today, Im looking to talk with anyone interested in financial markets. Thanks for your comment. Cryptocurrency trading is offered through an account with Apex Crypto. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Thank you, I have some cash and after reading this I just put in my buy orders. 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). The commentary delivered by hosts of the show often moves the stocks mentioned. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. The right strategy is heavily dependent on you and your current life circumstances. 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. 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. November 01, 2022. Tue, Dec 29 20154:00 PM EST. Please read the Characteristics and Risks of Standardized Options before trading options. By doing so, you and %USER_NAME% will not be able to see Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . The commentary delivered by hosts of the show often moves the stocks mentioned. 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;. 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. Please refer to our Fee Schedule for more details. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. 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. 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. Amongst those changes were Jumia TechnologiesJMIA. Never miss a trade again with the fastest news alerts in the world! 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). That puts it at a 1 P/E. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). 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. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. Does anybody else have similar cash positions right now? 70%? february 27th but sign up now. Inflation is Slowing, But is it Enough to Slow the Fed? I don't regret having 30%. Want the fastest, most accurate stock market intelligence? I hate takes like this because why protect urself with cash if ur this sure of a bear market? 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. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. Trade Off: Steve Weiss. March 19, 2021 12:34 PM | 18 seconds read. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. All Rights Reserved. The AMA is set to start at 4:00 pm. Want the fastest, most accurate stock market intelligence? Send us comments about our Author Pages. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Crypto trading only available to US residents. Investors should consider their investment objectives and risks carefully before investing. September 7, 2022 1:25 PM | 1 min read. Losses can potentially exceed the initial required deposit. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 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. 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. Jan 25, . Reddit and its partners use cookies and similar technologies to provide you with a better experience. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. 2023 Webull Financial LLC, All rights reserved. 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. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). A Division of NBCUniversal. 2007-2023 Fusion Media Limited. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. The information is collected and refined using Benzinga Pro's News Tool. Do Not Sell My Personal Data/Privacy Policy. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. read more Latest When hiring, be gender neutral. Options trading entails significant risk and is not appropriate for all investors. Let me know if you think Im buying in to high, Apple $17? The information is collected and refined using Benzinga Pros News Tool. 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