On CNBC, Steve Weiss said his new buy is Porsche (OTC: POAHY) . Let me know if you think Im buying in to high, Apple $17? 3. 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. 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. 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. It is like everything he touches turns to crap or he is late to the show and just rides them down. The goal of this Wall Street MOOC will be to help students develop a better understanding of how financial markets work. I don't regret having 30%. Sign up to create alerts for Instruments, Affirm Holdings (AFRM) Confirms Earlier Earnings Leak; Needham & Company Lowers PT on Seagen (SGEN) to $180 on Weak Earnings . You need to complete an options trading application and get approval on eligible accounts. Click here to find out! Our clearing firm, Apex Clearing Corp., has purchased an additional insurance policy.. Our clearing firm Apex Clearing Corp has purchased an additional insurance policy. ABBV. 2007-2023 Fusion Media Limited. Almost any post related to stocks is welcome on /r/stocks. time for me to get back to work. With that said I would put a wager on the fact that Weiss has the worst return rates of all their guests. He has to hit targets for his clients who have different objectives than you. "I think this company is going to do extremely well," said Weiss. 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. By doing so, you and %USER_NAME% will not be able to see 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). Please visit www.webull.com/cryptocurrency to see a list of crypto available to trade. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. It may therefore take some time before it appears on our website. Join 10,000+ serious traders in the Benzinga Pro community! Stop listening to these guys and invest in broadmarket etfs. Gamer X @GamerX1414 . Privacy Policy. Benzinga Pro users can access this information by using the News tool on any workstation. the only cash position ill have is from my paychecks that come in while i build back up my E-Fund. 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. LinkedIn is the world's largest business network, helping professionals like Steve Weiss discover inside connections to recommended job . Benzinga does not provide investment advice. 2023 Benzinga.com. The commentary delivered by hosts of the show often moves the stocks mentioned. by Benzinga Newsdesk, Benzinga Staff Writer. 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 Amongst those changes were Jumia TechnologiesJMIA. buy long dated puts and become a millionaire plz.also ur about 3-4 months late to the Bear party. Does anybody else have similar cash positions right now? Moderna announced today that itsCOVID-19 vaccine wasgranted provisional registration by the AustralianTherapeutic Goods Administration. %USER_NAME% was successfully added to your Block List. Benzinga Pro users can access this information by using the News tool on any . if you want to continue the conversation, follow me on twitter @stephenlweiss. Options trading entails significant risk and is not appropriate for all 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. He loves days like this. 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. 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. 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. Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade. The CNBC reporter previously served for The Wall Street Journal as a senior economics reporter. Cookie Notice Even if he is wrong, he should be fine. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. 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. 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. Ever wonder what Steve Weiss does in his spare time? 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. BioNTech reported quarterly earnings of $12.97 per share, which beat the estimate of $8.91 per share. The information is collected and refined using Benzinga Pros News Tool. 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. But the people on CNBC aren't the best fund managers. Benzinga does not provide investment advice. Steve Weiss of CNBC today mentioned that he goes from at least 50 to 70% cash right now. SVFA On CNBC's "Fast Money Halftime Report," Steve Weiss discussed the recent changes he's made to his portfolio. 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. 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. 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. 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. I'm 50/50 right now simply because I don't feel comfortable in the current environnement. 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. Click here to find out! Eventually you could sell what u perceive as expensive and keep stocks you believe are undervalued. Join 10,000+ serious traders in the Benzinga Pro community! Losses can potentially exceed the initial required deposit. @wallstreetmooc. The right strategy is heavily dependent on you and your current life circumstances. He added on to his already existing position inthe company. 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. As an investment of course. Tags Stephen Weiss CNBC Benzinga. Thank you, I have some cash and after reading this I just put in my buy orders. All rights reserved. Want the fastest, most accurate stock market intelligence? The commentary delivered by hosts of the show often moves the stocks mentioned. The commentary delivered by hosts of the show often moves the stocks mentioned. 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. 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. This headline only article is a sample of real-time intelligence Join 10,000+ serious traders in the Benzinga Pro community! I like him being on the show frequently but an inverse-Weiss portfolio may have been ideal over the last year. That puts it at a 1 P/E. If you need the money now and are about to retire then sure you can lower your risk. 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: 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. Price Action: Moderna is making a new 52-week high in trading today. The correspondent reports on all the aspects that are related to the economy that includes the Federal Reserve and major economic indicators. read more Latest When hiring, be gender neutral. CNBCs "Fast Money: Halftime Report" delivers market-moving news to investors. CNBC's "Fast Money: Halftime Report" delivers market-moving news to investors. you WILL find it very interesting. Cryptocurrency trading is offered through an account with Apex Crypto. 2023 CNBC LLC. 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. This Slide: #1 of 10 Continue to slide 2 #10. Additionally, he frequently appears on Fast Money at 5 PM, the Closing Bell, and The Kudlow Report. Are you an author? For access. Steve Weiss, Short Hills Capital managing partner, joined CNBC's "Halftime Report" to explain why he no longer plans to own any Chinese stocks. At last check Monday, the stock was up 16.84% at $483.61. and Lehman Brothers, where he built Wall Street's #1 ranked sales force, in addition to co-founding a hedge fund. The commentary delivered by hosts of the show often moves the stocks . Starting on Monday February 24th Ill be teaching the first ever massive open online course (MOOC) on finance with my colleague, Shelly Lombard. Today, I'm looking to talk with anyone interested in financial markets. 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. 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). Should I up to 50% cash? From Benzinga. Your status will be reviewed by our moderators. Today, Im looking to talk with anyone interested in financial markets. On CNBC: Contributor Stephen Weiss Says Bought Porche SE. There is always the potential of losing money when you invest in securities or other financial products. Please ask me anything. Join 10,000+ serious traders in the Benzinga Pro community! Bryn Talkington. Tue, Jul 6 202112:47 PM EDT RELATED 02:19 Short. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.