CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. March 19, 2021 12:34 PM | 18 seconds read. Im looking forward to my first AMA and your questions. 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. Are you sure you want to block %USER_NAME%? Amongst those changes were Jumia Technologies JMIA . Benzinga Pro traders use to win in the markets everyday. 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. Privacy Policy. He loves days like this. Today, Im looking to talk with anyone interested in financial markets. The information is collected and refined using Benzinga Pro's News Tool. From Benzinga. 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. Do Not Sell My Personal Data/Privacy Policy. An explanatory brochure is available upon request or at www.sipc.org. time for me to get back to work. If you need the money now and are about to retire then sure you can lower your risk. SEC Filings include 13F quarterly reports, 13D/G events and more. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Never miss a trade again with the fastest news alerts in the world! 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. you WILL find it very interesting. 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. 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. 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). LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . if you want to continue the conversation, follow me on twitter @stephenlweiss. The price is inflation risk and market premium. Crypto trading only available to US residents. Asset Class Equity The information is collected and refined using Benzinga Pro's News Tool. For access. Get this delivered to your inbox, and more info about our products and services. 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 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. Join 10,000+ serious traders in the Benzinga Pro community! Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. 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. Let me know if you think Im buying in to high, Apple $17? 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. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime . Jeremy Grantham says we're headed for sp500 2500 most likely. Please wait a minute before you try to comment again. 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. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. @wallstreetmooc. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Those aren't all undervalued but they're pretty stable. 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. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Benzinga does not provide investment advice. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. 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. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 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. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). A Division of NBCUniversal. 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. There is no panacea that works for every investor. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . I'm weighted towards msft aapl GOOGL and UNH mostly. The commentary delivered by hosts of the show often moves the stocks mentioned. He has to hit targets for his clients who have different objectives than you. I don't regret having 30%. Stockpennies: Steve Weiss on CNBC. This headline only article is a sample of real-time intelligence Check out our wiki to learn more! EDIT: thanks everyone. All rights reserved. He was WRONg. How are we doing? 2023 Benzinga.com. All Rights Reserved. "I think this company is going to do extremely well," said Weiss. 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. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. 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. I heard Weiss keeps matchbox cars in his ass for safe keeping. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? Thanks for your comment. 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. Even if he is wrong, he should be fine. 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. 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. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. All rights reserved. Not all coins provided by Apex Crypto LLC are available to New York residents. There is always the potential of losing money when you invest in securities or other financial products. IXIC. Press J to jump to the feed. From Benzinga. 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. You're factoring in a 70% decline? A former tax attorney, Steve has been in . 70% decline for the S&P gets us back to 2011 levels. It is like everything he touches turns to crap or he is late to the show and just rides them down. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. 2007-2023 Fusion Media Limited. At last check Monday, the stock was up 16.84% at $483.61. That puts it at a 1 P/E. Since youve just unblocked this person, you must wait 48 hours before renewing the block. All rights reserved. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. Please note that all comments are pending until approved by our moderators. Got a confidential news tip? View and manage who you follow on Amazon. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. Ever wonder what Steve Weiss does in his spare time? Are you an author? Your status will be reviewed by our moderators. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Should I up to 50% cash? Jan 25, . Timing the mkt its almost impossible. you're drunk if you think the market will drop 50-70%. ABBV. By doing so, you and %USER_NAME% will not be able to see read more Latest When hiring, be gender neutral. 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). 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. For more information, please see our Want the fastest, most accurate stock market intelligence? Today, I'm looking to talk with anyone interested in financial markets. 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. The right strategy is heavily dependent on you and your current life circumstances. Tags Stephen Weiss CNBC Benzinga. Weiss is bullish on Jumia Technologies. 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. Amongst those changes were Jumia TechnologiesJMIA. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. %USER_NAME% was successfully added to your Block List. Please ask me anything. Ever wonder what Steve Weiss does in his spare time? SHCP opened to outside investors in 2014. 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. This Slide: #1 of 10 Continue to slide 2 #10. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. November 01, 2022. once again mentions POAHY for his pick !!!!! Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. Visit Author Central to update your books, profile picture, and biography. Weiss is bullish on Jumia. by Benzinga Newsdesk, Benzinga Staff Writer. Tue, Dec 29 20154:00 PM EST. 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. Does anybody else have similar cash positions right now? Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We want to hear from you. #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. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. 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 Report. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Trade Off: Steve Weiss. The value of securities may fluctuate and as a result, clients may lose more than their original investment. Benzinga Pro traders use to win in the markets everyday. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. 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 Please ensure that you fully understand the risks involved before trading. Benzinga does not provide investment advice. Join 10,000+ serious traders in the Benzinga Pro community! 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. february 27th but sign up now. Jeremy Grantham is like the boy who cried wolf. If you have a 30 year horizon who cares? This headline only article is a sample of real-time intelligence Rivian Automotive, Pioneer Natural Resources, Cleveland-Cliffs And This Aerospace & Defense ETF On CNBC's 'Final Trades', Delta Air Lines, Msci And This Japanese Stock On CNBC's 'Final Trades', Arista Networks, Zoetis And This Airline Stock On CNBC's 'Final Trades', Alibaba, Deere, Cheniere Energy, And This Fund On CNBC's 'Final Trades', Martin Marietta Materials, Rivian Automotive And This Cybersecurity Company Releasing Earnings Today: CNBC's 'Final Trades', Bunge, Ardagh Metal Packaging And This Soft Drink Giant On CNBC's 'Final Trades', Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On CNBC's 'Final Trades', Kohl's, T Rowe Price, Rocket Lab USA, And This Tech Giant Feature On CNBC's 'Final Trades', Uber Technologies, Eagle Materials, Albemarle And This Cybersecurity Company Feature On CNBC's 'Final Trades', Advance Auto Parts, MasTec, Bank of America And This ETF Are CNBC's 'Final Trades', Citigroup, Live Nation Entertainment, Chevron And This Major ETF On CNBC's 'Final Trades', Charles River Laboratories, AbbVie, Star Bulk Carriers And This Big Bank Are CNBC's 'Final Trades', Cognex, Altria Group, Kinder Morgan And This Energy Giant: CNBC's 'Final Trades', Delta Air Lines, American Tower, Rocket Lab USA, D.R.