The right strategy is heavily dependent on you and your current life circumstances. 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. Want EXCLUSIVE stories originated by Benzinga reporters? 70% decline for the S&P gets us back to 2011 levels. If you have a 30 year horizon who cares? 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. Are you an author? Create an account to follow your favorite communities and start taking part in conversations. 3. Join 10,000+ serious traders in the Benzinga Pro community! 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. Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. 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. I enjoy watching the halftime show and getting the opinions of some others. September 7, 2022 1:25 PM | 1 min read. Got a confidential news tip? Cookie Notice Tags Stephen Weiss CNBC Benzinga. All Rights Reserved. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). read more Latest When hiring, be gender neutral. All rights reserved. The commentary delivered by hosts of the show often moves the stocks . Please ask me anything. +0.73%. Jeremy Grantham is like the boy who cried wolf. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . He was WRONg. Tickers FBC HON NYCB SGEN. View Steve Weiss' professional profile on LinkedIn. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. Never miss a trade again with the fastest news alerts in the world! I'm weighted towards msft aapl GOOGL and UNH mostly. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. SHCP opened to outside investors in 2014. Does anybody else have similar cash positions right now? and our On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Benzinga Pro users can access this information by using the News tool on any . Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. The information is collected and refined using Benzinga Pros News Tool. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Please read the Characteristics and Risks of Standardized Options before trading options. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak 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. Buy in more if you have the cash. 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 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). iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). Timing the mkt its almost impossible. Benzinga does not provide investment advice. Stop listening to these guys and invest in broadmarket etfs. 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: Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. 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. 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. From Benzinga. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Since youve just unblocked this person, you must wait 48 hours before renewing the block. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. 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. Horton And This Sector Are CNBC's 'Final Trades', Becton Dickinson, Freeport-McMoRan, GXO Logistics And This Mid-Cap ETF On CNBC's 'Final Trades', AbbVie, Goldman Sachs And This Electric Vehicle Manufacturer On CNBC's 'Final Trades', These 2 Defensive Plays Are Highlights Of CNBC's 'Final Trades', Rivian Automotive, Stryker, Ardagh Metal Packaging And This Tech Stock Are CNBC's 'Final Trades', Rockwell Automation, UnitedHealth, AmerisourceBergen And Shorting This Industrial Stock Index On CNBC's 'Final Trades', Rivian, An Energy ETF and One Of The World's Largest Payments Processors: CNBC's 'Final Trades', AutoZone, EOG Resources, Rivian Automotive And This Big-Box Retailer On CNBC's 'Final Trades', Stryker, Freeport-McMoRan, Southwest Gas And This Health Care Major Feature On CNBC's 'Final Trades', Buy Simon Property, Bunge And This ETF, Go Short On Consumer Discretionary: CNBC's 'Final Trades', Netflix, Visa, B&G Foods And This Automotive Technology Company Feature On CNBC's 'Final Trades', Devon Energy, Service Now, WR Berkley And This Biotech Play On CNBC's 'Final Trades', Cognex, Nucor, Moderna And This Cybersecurity Company Feature On CNBC's 'Final Trades', General Motors, GXO Logistics And This REIT Feature On CNBC's 'Final Trades', Why Home Depot Is A Buy If 'Rates Are Peaking' And These 3 Energy Majors On CNBC's 'Final Trades', Advanced Micro Devices, Blackstone And These Defensive Plays Feature On CNBC's 'Final Trades', Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Not all coins provided by Apex Crypto LLC are available to New York residents. 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. Sign up to create alerts for Instruments, Jan 25, . 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. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. Inflation is Slowing, But is it Enough to Slow the Fed? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Thank you, I have some cash and after reading this I just put in my buy orders. Weiss filled in as the Chief Investment Officer there. by Benzinga Newsdesk, Benzinga Staff Writer. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. . New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. The commentary delivered by hosts of the show often moves the stocks mentioned. Please ensure that you fully understand the risks involved before trading. Asset Class Equity 70%? If you need the money now and are about to retire then sure you can lower your risk. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. 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 Trade Off: Steve Weiss. Price Action: Moderna is making a new 52-week high in trading today. if you want to continue the conversation, follow me on twitter @stephenlweiss. Natural Gas: If Chase Lower Is Done, How Quickly to the Top? Investors should consider their investment objectives and risks carefully before investing. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Stockpennies: Steve Weiss on CNBC. I hate takes like this because why protect urself with cash if ur this sure of a bear market? Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. %USER_NAME% was successfully added to your Block List. Im not holding my breath for it. It is like everything he touches turns to crap or he is late to the show and just rides them down. Follow to get new release updates, special offers (including promotional offers) and improved recommendations. The past performance of a security, or financial product does not guarantee future results or returns. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right 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. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. SVFA Even if he is wrong, he should be fine. Benzinga does not provide investment advice. 2023 Benzinga.com. From Benzinga. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. The commentary delivered by hosts of the show often moves the stocks mentioned. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Join 10,000+ serious traders in the Benzinga Pro community! Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. 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. Volkswagen is said to be preparing its Porsche IPO, according to reports. I don't regret having 30%. That puts it at a 1 P/E. Benzinga does not provide investment advice. On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . 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. A $0.55 per contract fee applies for certain options trades. Please refer to our Fee Schedule for more details. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. ABBV. Almost any post related to stocks is welcome on /r/stocks. Bryn Talkington. Gamer X @GamerX1414 . We want to hear from you. Do Not Sell My Personal Data/Privacy Policy. The AMA is set to start at 4:00 pm. Privacy Policy. Crypto trading only available to US residents. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. Join 10,000+ serious traders in the Benzinga Pro community! Click here to find out! Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. 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. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 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. 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. Does anybody else have similar cash positions right now? Cryptocurrency trading is offered through an account with Apex Crypto. 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. It may therefore take some time before it appears on our website. Check out our wiki to learn more! 2. For access. 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. 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. 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. Options trading entails significant risk and is not appropriate for all investors. 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. You need to complete an options trading application and get approval on eligible accounts. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. There is no panacea that works for every investor. All rights reserved. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Never miss a trade again with the fastest news alerts in the world! XLE was launched on Dec 16, 1998 and is managed by State Street. 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. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. 2023 Webull Financial LLC, All rights reserved. He loves days like this. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. and sign up for the mooc. 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). 2 - Let's all sit back and watch Weiss gloat with happiness & school us on the market being down today. "I think this company is going to do extremely well," said Weiss. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Are you out of youre mind? 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like 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. Today, Im looking to talk with anyone interested in financial markets. After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. The price is inflation risk and market premium. 2023 Benzinga.com. I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. 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. 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. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. Amongst those changes were Jumia Technologies JMIA . Press J to jump to the feed. Want EXCLUSIVE stories originated by Benzinga reporters? Replace the attached chart with a new chart ? An explanatory brochure is available upon request or at www.sipc.org. All rights reserved. Want the fastest, most accurate stock market intelligence? A Division of NBCUniversal. Those aren't all undervalued but they're pretty stable. The sell-off is a buying opportunity for. once again mentions POAHY for his pick !!!!! 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. Benzinga does not provide investment advice. This headline only article is a sample of real-time intelligence Im looking forward to my first AMA and your questions. Amongst those changes were Jumia TechnologiesJMIA. -0.57%. 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.