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. Tue, Dec 29 20154:00 PM EST. Im looking forward to my first AMA and your questions. 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. Weiss maintains strong relationships with some of the industry's most highly regarded investment managers. The commentary delivered by hosts of the show often moves the stocks mentioned. He is currently a Senior Managing Director and Partner at Leerink Swann, LLC, an investment bank. The information is collected and refined using Benzinga Pro's News Tool. It may therefore take some time before it appears on our website. You're factoring in a 70% decline? New comments cannot be posted and votes cannot be cast, http://firstbusinessmooc.org/wall-street/, https://twitter.com/stephenLweiss/status/436195940483874816. Please note that all comments are pending until approved by our moderators. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. Check out our wiki to learn more! 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. Join 10,000+ serious traders in the Benzinga Pro community! 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. I'm about 30% now and wondering if I should sell off some of my ROTH to bring up to 50% cash like Weiss. Cryptocurrency trading is offered through an account with Apex Crypto. 70%? Replace the attached chart with a new chart ? From Benzinga. The sell-off is a buying opportunity for. I heard Weiss keeps matchbox cars in his ass for safe keeping. Inflation is Slowing, But is it Enough to Slow the Fed? Please read the Characteristics and Risks of Standardized Options before trading options. It is like everything he touches turns to crap or he is late to the show and just rides them down. 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. 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. . 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. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. I'm weighted towards msft aapl GOOGL and UNH mostly. 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. ABBV. 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 Ever wonder what Steve Weiss does in his spare time? I don't regret having 30%. Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. Never miss a trade again with the fastest news alerts in the world! CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. Are you sure you want to delete this chart? Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . All rights reserved. Well be covering everything from stocks and bonds to the role of financial instruments (Ex: options and derivatives). Benzinga does not provide investment advice. Want the fastest, most accurate stock market intelligence? any of each other's Investing.com's posts. A former tax attorney, Steve has been in . Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. If you need the money now and are about to retire then sure you can lower your risk. I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. Steve Weiss of Short Hills Capital Partners said he is shorting the iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT) , believing interest rates will rise. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . Apex Crypto is not a registered broker-dealer or FINRA member and your cryptocurrency holdings are not FDIC or SIPC insured. November 01, 2022. read more Latest When hiring, be gender neutral. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. 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: buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Even if he is wrong, he should be fine. Crypto trading only available to US residents. Join 10,000+ serious traders in the Benzinga Pro community! 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). 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. 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 an author? View and manage who you follow on Amazon. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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. 2007-2023 Fusion Media Limited. Those aren't all undervalued but they're pretty stable. Stephen L. Weiss (@stephenLweiss) January 27, 2022 In 1992, he joined the Salomon Brothers and filled in as the Co-Head Global Equity Research. All rights reserved. On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Options trading entails significant risk and is not appropriate for all investors. Click here to find out! 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. Support: 888-992-3836 Home NewsWire Subscriptions Login/Register . CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. March 19, 2021 12:34 PM | 18 seconds read. Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. He is also the Managing Partner and Founder of Short Hills Capital Partners, LLC. Join 10,000+ serious traders in the Benzinga Pro community! 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. iShares 20 Plus Year Treasury Bond ETF (NASDAQ: TLT). But the people on CNBC aren't the best fund managers. 2. 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. Jeremy Grantham is like the boy who cried wolf. Please refer to our Fee Schedule for more details. The commentary delivered by hosts of the show often moves the stocks . Press J to jump to the feed. 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. Thanks for your comment. Buy in more if you have the cash. Stephen Weiss is the Chief Investment Officer and Managing Partner of Short Hills Capital Partners LLC, an alternatives investment fund manager. %USER_NAME% was successfully added to your Block List. He has turned bearish after getting creamed on Moderna and a few others. 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. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. 2023 CNBC LLC. @wallstreetmooc. Does anybody else have similar cash positions right now? 2023 Benzinga.com. Tickers FBC HON NYCB SGEN. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Benzinga does not provide investment advice. 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. and sign up for the mooc. Today, I'm looking to talk with anyone interested in financial markets. Data is a real-time snapshot *Data is delayed at least 15 minutes. "I think this company is going to do extremely well," said Weiss. Please wait a minute before you try to comment again. The commentary delivered by hosts of the show often moves the stocks mentioned. Got a confidential news tip? Do Not Sell My Personal Data/Privacy Policy. Will Oil Stocks Once Again Lead The Market As Inflation Eases? CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. The value of securities may fluctuate and as a result, clients may lose more than their original investment. This Slide: #1 of 10 Continue to slide 2 #10. Please ensure that you fully understand the risks involved before trading. 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. 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. Amongst those changes were Jumia Technologies JMIA . Benzinga Pro traders use to win in the markets everyday. 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. Stop listening to these guys and invest in broadmarket etfs. Should I up to 50% cash? 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 He was WRONg. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities. +0.73%. and our Asset Class Equity PROG Holdings Reports Fourth Quarter 2022 Results; Terran Orbital Wins $2.4 Billion Contract to Build 300 Satellites for Rivada Space Networks; -0.57%. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. The company reported quarterly revenue of $6.39 billion, which beat the estimate of $3.84 billion. Does anybody else have similar cash positions right now? By doing so, you and %USER_NAME% will not be able to see 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. 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. The commentary delivered by hosts of the show often moves the stocks mentioned. XLE was launched on Dec 16, 1998 and is managed by State Street. Detailed Profile of WEISS ASSET MANAGEMENT LP portfolio of holdings. 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. We want to hear from you. You need to complete an options trading application and get approval on eligible accounts. How are we doing? 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. If you are 25 and have minimal expenses then let your investments ride (especially your Roth). 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. #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. Sign up to create alerts for Instruments, by Benzinga Newsdesk, Benzinga Staff Writer. you're drunk if you think the market will drop 50-70%. Volkswagen is said to be preparing its Porsche IPO, according to reports. Ever wonder what Steve Weiss does in his spare time? Here's how, You sense the market is desperately hoping the Fed is done hiking interest rates, says Peter Boockvar. Get this delivered to your inbox, and more info about our products and services. Im not holding my breath for it. Press question mark to learn the rest of the keyboard shortcuts. Losses can potentially exceed the initial required deposit. 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. Weiss filled in as the Chief Investment Officer there. 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. Send us comments about our Author Pages. Privacy Policy. 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? february 27th but sign up now. 70% decline for the S&P gets us back to 2011 levels. Jeremy Grantham says we're headed for sp500 2500 most likely. Stockpennies: Steve Weiss on CNBC. 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. An explanatory brochure is available upon request or at www.sipc.org. For more information, please see our Please ask me anything. We're not likely going to have a banking failure and worst case this is gonna go away in 2-5 years. Join 10,000+ serious traders in the Benzinga Pro community! Trade Off: Steve Weiss. All investments involve risk, and not all risks are suitable for every investor. SVFA ", Related Link:Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More. 2023 Webull Financial LLC, All rights reserved. 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. That puts it at a 1 P/E. The information is collected and refined using Benzinga Pros News Tool. Want the fastest, most accurate stock market intelligence? Weiss is bullish on Jumia Technologies. Many vaccine makers are trading higher after Fauci saidhe is hopeful that COVID-19 vaccines will receive full FDA approval sometime this month. 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. Want EXCLUSIVE stories originated by Benzinga reporters? 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. Your ability to comment is currently suspended due to negative user reports. 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. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. Gamer X @GamerX1414 . I enjoy watching the halftime show and getting the opinions of some others. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. 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;. 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. Member, Benzinga's Bulls And Bears Of The Week: Amazon, Robinhood, Moderna, Tesla And More, Characteristics and Risks of Standardized Options. He has to hit targets for his clients who have different objectives than you. This headline only article is a sample of real-time intelligence The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. SEC Filings include 13F quarterly reports, 13D/G events and more. He added on to his already existing position inthe company. A $0.55 per contract fee applies for certain options trades. From Benzinga. Click here to find out! I'm Stephen Weiss, author of The Billion Dollar Mistake and a regular contributor on CNBC's Halftime Report. At last check Monday, the stock was up 16.84% at $483.61. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. Since youve just unblocked this person, you must wait 48 hours before renewing the block. I hate takes like this because why protect urself with cash if ur this sure of a bear market? Steve Weiss' 30-50% might be worth few millions. For access. The AMA is set to start at 4:00 pm. Never miss a trade again with the fastest news alerts in the world! EDIT: thanks everyone. This headline only article is a sample of real-time intelligence All Rights Reserved. Benzinga Pro traders use to win in the markets everyday. 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. Amongst those changes were Jumia TechnologiesJMIA. September 7, 2022 1:25 PM | 1 min read. A Division of NBCUniversal. Your status will be reviewed by our moderators. The information is collected and refined using Benzinga Pro's News Tool. Timing the mkt its almost impossible. 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 Let me know if you think Im buying in to high, Apple $17? Visit Author Central to update your books, profile picture, and biography.