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. Want EXCLUSIVE stories originated by Benzinga reporters? Inflation is Slowing, But is it Enough to Slow the Fed? 3 ETFs to Fight Back, 5 ETFs to Bet on Favorite Sectors of Q4 Earnings. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. 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. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. 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. For more information, please see our Price Action: Moderna is making a new 52-week high in trading today. %USER_NAME% was successfully added to your Block List. Jan 25, . If you need the money now and are about to retire then sure you can lower your risk. Ever wonder what Steve Weiss does in his spare time? BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. time for me to get back to work. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. As an investment of course. Even if he is wrong, he should be fine. Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. 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. All rights reserved. I'm weighted towards msft aapl GOOGL and UNH mostly. Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss. 2023 Benzinga.com. and sign up for the mooc. IXIC. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). 2022 Benzinga.com. Will Oil Stocks Once Again Lead The Market As Inflation Eases? We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. SHCP opened to outside investors in 2014. 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. 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. read more Latest When hiring, be gender neutral. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. Want the fastest, most accurate stock market intelligence? ABBV. and our November 01, 2022. Today, I'm looking to talk with anyone interested in financial markets. How are we doing? february 27th but sign up now. Don't hesitate to tell us about a ticker we should know about, but read the sidebar rules before you post. you're drunk if you think the market will drop 50-70%. All rights reserved. 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. 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. Replace the attached chart with a new chart ? Get this delivered to your inbox, and more info about our products and services. Tickers FBC HON NYCB SGEN. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Send us comments about our Author Pages. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Do Not Sell My Personal Data/Privacy Policy. Almost any post related to stocks is welcome on /r/stocks. 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. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. Volkswagen is said to be preparing its Porsche IPO, according to reports. Never miss a trade again with the fastest news alerts in the world! the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. -0.57%. Asset Class Equity Weiss filled in as the Chief Investment Officer there. Jeremy Grantham is like the boy who cried wolf. Weiss is bullish on Jumia. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. 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. There is no panacea that works for every investor. Are you sure you want to delete this chart? Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. 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. Join 10,000+ serious traders in the Benzinga Pro community! XLE was launched on Dec 16, 1998 and is managed by State Street. The right strategy is heavily dependent on you and your current life circumstances. 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. 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 Timing the mkt its almost impossible. 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. Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. 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. Got a confidential news tip? 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. The information is collected and refined using Benzinga Pro's News Tool. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. 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;. 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). Does anybody else have similar cash positions right now? A $0.55 per contract fee applies for certain options trades. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. Visit Author Central to update your books, profile picture, and biography. All Rights Reserved. Click here to find out! The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Crypto trading only available to US residents. You need to complete an options trading application and get approval on eligible accounts. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Benzinga does not provide investment advice. Want the fastest, most accurate stock market intelligence? Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. He added on to his already existing position inthe company. You're factoring in a 70% decline? Benzinga does not provide investment advice. Please ask me anything. Those aren't all undervalued but they're pretty stable. At last check Monday, the stock was up 16.84% at $483.61. I enjoy watching the halftime show and getting the opinions of some others. if you want to continue the conversation, follow me on twitter @stephenlweiss. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Are you out of youre mind? Your status will be reviewed by our moderators. View Steve Weiss' professional profile on LinkedIn. Steve's Professional Career: Steve Liesman is the senior economic reporter who serves for CNBC Network. 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 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. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Today, Im looking to talk with anyone interested in financial markets. 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. Im looking forward to my first AMA and your questions. Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details. Benzinga does not provide investment advice. 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.