View and manage who you follow on Amazon. Stockpennies: Steve Weiss on CNBC. 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 to hit targets for his clients who have different objectives than you. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. Benzinga does not provide investment advice. 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. He has turned bearish after getting creamed on Moderna and a few others. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 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. Devon Energy, Broadcom, Amgen And This Company Report Earnings Next Week: CNBC's 'Final Trades'. View Steve Weiss' professional profile on LinkedIn. Jeremy Grantham is like the boy who cried wolf. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . 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. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. You're factoring in a 70% decline? Want the fastest, most accurate stock market intelligence? Please read the Characteristics and Risks of Standardized Options before trading options. Inflation is Slowing, But is it Enough to Slow the Fed? 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. Tue, Dec 29 20154:00 PM EST. Are you sure you want to delete this chart? CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. This Slide: #1 of 10 Continue to slide 2 #10. You need to complete an options trading application and get approval on eligible accounts. Amongst those changes were Jumia Technologies JMIA . With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Are you out of youre mind? Join 10,000+ serious traders in the Benzinga Pro community! Steve Weiss' 30-50% might be worth few millions. Weiss is bullish on Jumia Technologies. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. 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 Create an account to follow your favorite communities and start taking part in conversations. 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. CNBC's 'Halftime Report' investment committee, Shannon Saccocia, Joe Terranova, Steve Weiss and Jim Lebenthal, discuss the Fed's policies impact on the great. For more information, please see our If you need the money now and are about to retire then sure you can lower your risk. 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. All Rights Reserved. Got a confidential news tip? 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. Trade Off: Steve Weiss. Weiss is a CNBC Contributor with a regular role on the Fast Money Halftime Report. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. As an investment of course. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. 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. Check out our wiki to learn more! 2022 Benzinga.com. IXIC. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. @wallstreetmooc. Buy in more if you have the cash. Relevant regulatory and exchange fees may apply. Join 10,000+ serious traders in the Benzinga Pro community! 2023 CNBC LLC. SHCP opened to outside investors in 2014. Benzinga does not provide investment advice. Are you an author? . Investors should consider their investment objectives and risks carefully before investing. Weiss filled in as the Chief Investment Officer there. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. 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). I heard Weiss keeps matchbox cars in his ass for safe keeping. Almost any post related to stocks is welcome on /r/stocks. and sign up for the mooc. Since youve just unblocked this person, you must wait 48 hours before renewing the block. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. once again mentions POAHY for his pick !!!!! 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. 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. 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. -0.57%. any of each other's Investing.com's posts. Visit Author Central to update your books, profile picture, and biography. A Division of NBCUniversal. By doing so, you and %USER_NAME% will not be able to see 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. Want EXCLUSIVE stories originated by Benzinga reporters? Benzinga does not provide investment advice. Benzinga does not provide investment advice. Please ask me anything. Bryn Talkington. 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. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. 70%? Those aren't all undervalued but they're pretty stable. 2023 Benzinga.com. This headline only article is a sample of real-time intelligence 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. %USER_NAME% was successfully added to your Block List. 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. 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. Amongst those changes were Jumia TechnologiesJMIA. All rights reserved. Does anybody else have similar cash positions right now? Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. Please wait a minute before you try to comment again. Benzinga Pro users can access this information by using the News tool on any workstation. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. 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. 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. Please refer to our Fee Schedule for more details. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. 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. It may therefore take some time before it appears on our website. 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. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. From Benzinga. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. All rights reserved. Tags Stephen Weiss CNBC Benzinga. Not all coins provided by Apex Crypto LLC are available to New York residents. 2023 Benzinga.com. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. Click here to find out! Your status will be reviewed by our moderators. +0.73%. 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. 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;. Today, I'm looking to talk with anyone interested in financial markets. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. 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. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. Crypto trading only available to US residents. Sign up to create alerts for Instruments, Im looking forward to my first AMA and your questions. The commentary delivered by hosts of the show often moves the stocks mentioned. The AMA is set to start at 4:00 pm. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? 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 hate takes like this because why protect urself with cash if ur this sure of a bear market? "I think this company is going to do extremely well," said Weiss. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. The past performance of a security, or financial product does not guarantee future results or returns. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Stop listening to these guys and invest in broadmarket etfs. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. read more Latest When hiring, be gender neutral. All Rights Reserved. It is like everything he touches turns to crap or he is late to the show and just rides them down. Ever wonder what Steve Weiss does in his spare time? 2023 Benzinga.com. 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. Even if he is wrong, he should be fine. Sign up for free newsletters and get more CNBC delivered to your inbox. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. XLE was launched on Dec 16, 1998 and is managed by State Street. Press J to jump to the feed. 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. . Press question mark to learn the rest of the keyboard shortcuts. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . If you are 25 and have minimal expenses then let your investments ride (especially your Roth). Today, Im looking to talk with anyone interested in financial markets. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Volkswagen is said to be preparing its Porsche IPO, according to reports. He loves days like this. But the people on CNBC aren't the best fund managers. 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. 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: Please note that all comments are pending until approved by our moderators. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. 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.