All rights reserved. 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. Hi Reddit, Im Stephen Weiss, author of the top selling book, The Billion Dollar Mistake, and a regular contributor on CNBCs Halftime report. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. Data is a real-time snapshot *Data is delayed at least 15 minutes. Thanks for your comment. read more Latest When hiring, be gender neutral. 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 does not provide investment advice. All rights reserved. We want to hear from you. View and manage who you follow on Amazon. 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. For more information, please see our Please ask me anything. 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. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . once again mentions POAHY for his pick !!!!! I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. Weiss is bullish on Jumia. Not all coins provided by Apex Crypto LLC are available to New York residents. 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. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . The AMA is set to start at 4:00 pm. 2007-2023 Fusion Media Limited. The information is collected and refined using Benzinga Pro's News Tool. 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). Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. I enjoy watching the halftime show and getting the opinions of some others. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. Volkswagen is said to be preparing its Porsche IPO, according to reports. It is like everything he touches turns to crap or he is late to the show and just rides them down. SEC Filings include 13F quarterly reports, 13D/G events and more. 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. Never miss a trade again with the fastest news alerts in the world! Send us comments about our Author Pages. Today, I'm looking to talk with anyone interested in financial markets. Join 10,000+ serious traders in the Benzinga Pro community! 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. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . Inflation is Slowing, But is it Enough to Slow the Fed? %USER_NAME% was successfully added to your Block List. Got a confidential news tip? EDIT: thanks everyone. 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. 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: 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. September 7, 2022 1:25 PM | 1 min read. 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. Privacy Policy. Weiss is bullish on Jumia Technologies. 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. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. and sign up for the mooc. Join 10,000+ serious traders in the Benzinga Pro community! 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. The price is inflation risk and market premium. He loves days like this. This headline only article is a sample of real-time intelligence Even if he is wrong, he should be fine. IXIC. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Cookie Notice Benzinga does not provide investment advice. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. He has to hit targets for his clients who have different objectives than you. Jeremy Grantham says we're headed for sp500 2500 most likely. 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. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Weiss filled in as the Chief Investment Officer there. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. 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. This Slide: #1 of 10 Continue to slide 2 #10. Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. I hate takes like this because why protect urself with cash if ur this sure of a bear market? CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. 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. 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. . Buy in more if you have the cash. Relevant regulatory and exchange fees may apply. any of each other's Investing.com's posts. How are we doing? 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. I heard Weiss keeps matchbox cars in his ass for safe keeping. Will Oil Stocks Once Again Lead The Market As Inflation Eases? 70% decline for the S&P gets us back to 2011 levels. A former tax attorney, Steve has been in . Please wait a minute before you try to comment again. You're factoring in a 70% decline? After four years, he headed out in different directions from the organization and joined SAC Capital Advisors. All rights reserved. 2023 CNBC LLC. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. 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). BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. Bryn Talkington. The commentary delivered by hosts of the show often moves the stocks . 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. Do Not Sell My Personal Data/Privacy Policy. I don't regret having 30%. ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. 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. 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 Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. you're drunk if you think the market will drop 50-70%. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. 2022 Benzinga.com. by Benzinga Newsdesk, Benzinga Staff Writer. Are you sure you want to delete this chart? Ever wonder what Steve Weiss does in his spare time? The value of securities may fluctuate and as a result, clients may lose more than their original investment. Amongst those changes were Jumia Technologies JMIA . february 27th but sign up now. 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). SVFA Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Jeremy Grantham is like the boy who cried wolf. and our Since youve just unblocked this person, you must wait 48 hours before renewing the block. But the people on CNBC aren't the best fund managers. Stockpennies: Steve Weiss on CNBC. if you want to continue the conversation, follow me on twitter @stephenlweiss. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. Click here to find out! Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. 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. 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. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. As an investment of course. Im looking forward to my first AMA and your questions. Benzinga does not provide investment advice. There is always the potential of losing money when you invest in securities or other financial products. Benzinga does not provide investment advice. Benzinga Pro users can access this information by using the News tool on any . Join 10,000+ serious traders in the Benzinga Pro community! Follow to get new release updates, special offers (including promotional offers) and improved recommendations. 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;. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. 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. 2023 Benzinga.com. 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Want EXCLUSIVE stories originated by Benzinga reporters? "I think this company is going to do extremely well," said Weiss. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. #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. 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.
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