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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys more Goldman Sachs and Kevin Simpson buys more JPMorganSteve Weiss, founder and managing partner at Short Hills Capital Partners, and Kevin Simpson, Capital Wealth Planning founder and CIO, join CNBC's 'Halftime Report' to explain why they are buying more financials.
Persons: Steve Weiss, Goldman Sachs, Kevin Simpson, CNBC's Organizations: Short Hills Capital Partners, Wealth Planning
Trade Tracker: Steve Weiss buys more Meta
  + stars: | 2024-04-26 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys more MetaSteve Weiss, founder and managing partner of Short Hills Capital Partners, joins CNBC's 'Halftime Report' to explain his latest trade.
Persons: Steve Weiss Organizations: Short Hills Capital Partners
Trade Tracker: Steve Weiss buys more Netflix
  + stars: | 2024-04-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys more NetflixSteve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he's buying more Netflix
Persons: Steve Weiss Organizations: Short Hills Capital Partners, Netflix
Trade Tracker: Steve Weiss sells ASML Holding
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss sells ASML HoldingSteve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC’s 'Halftime Report' to explain why he sold his position in ASML Holding
Persons: Steve Weiss Organizations: Short Hills Capital Partners Locations: ASML
Trade Tracker: Steve Weiss trims ASML Holding
  + stars: | 2024-04-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss trims ASML HoldingSteve Weiss, founder and managing partner of Short Hills Capital Partners, joins CNBC’s “Halftime Report” to explain why he's selling some ASML Holding.
Persons: Steve Weiss Organizations: Short Hills Capital Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss sells Freeport-McMoran and buys more Archer-Daniels-MidlandSteve Weiss, founder and managing partner at Short Hills Capital Partners, joins CNBC's 'Halftime Report' to detail his latest portfolio moves.
Persons: Steve Weiss, Archer, Midland Steve Weiss Organizations: McMoran, Daniels, Midland, Short Hills Capital Partners Locations: Freeport
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys Nvidia 'It's been an annoyance not owning it'Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he bought Nvidia.
Persons: Steve Weiss Organizations: Nvidia, Short Hills Capital Partners
Trade Tracker: Steve Weiss sells Deere
  + stars: | 2024-02-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss sells DeereSteve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC’s “Halftime Report” to explain why he sold Deere.
Persons: Steve Weiss, Deere Steve Weiss Organizations: Deere, Short Hills Capital Partners
Trade Tracker: Steve Weiss buys Archer Daniels
  + stars: | 2024-02-05 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss buys Archer DanielsSteve Weiss, Short Hills Capital Partners founder and managing partner, joins CNBC's 'Halftime Report' to discuss his latest buy of Archer Daniels.
Persons: Steve Weiss, Archer Daniels Steve Weiss, Archer Daniels Organizations: Short Hills Capital Partners
Trade Tracker: Steve Weiss bets on India
  + stars: | 2024-02-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrade Tracker: Steve Weiss bets on IndiaSteve Weiss, Short Hills Capital Partners founder and managing partner, joins 'Halftime Report' to break down his bet on the emerging market, India.
Persons: Steve Weiss Organizations: Short Hills Capital Partners Locations: India
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSteve Weiss sells Humana and UnitedHealth, says stocks are 'just not working'Steve Weiss, Short Hills Capital Partners founder and managing partner, joins 'Halftime Report' to share his latest healthcare trades.
Persons: Steve Weiss Organizations: Humana, Short Hills Capital Partners
Apple isn't worth its current valuation, according to Short Hills managing partner Steve Weiss. “The stock has not moved up in the fundamentals, it’s moved up because it’s safety,” Weiss said. "The stock has not moved up in the fundamentals, it's moved up because it's safety." That surge has lifted the company's valuation from $2.1 trillion to $2.9 trillion, according to data from CompaniesMarketCap. Read more: Tech stocks are outperforming their rivals by the most since the dot-com bubble
Persons: Steve Weiss, it’s, ” Weiss, , David Tepper's, CNBC's, it's, Weiss, wouldn't Organizations: Apple, Short Hills, Service, Short Hills Capital Partners, Carolina Panthers, CNBC
Technology's year of efficiency faces its first major test this week as big technology earnings kick into high gear. Across the information technology sector, earnings are expected to decline 15.1% year over year, according to FactSet data. The setup for technology stocks It's hard to pinpoint one specific problem denting earnings expectations this season. Heading into the second quarter, many technology companies already face lowered earnings expectations, with analysts lowering earnings estimates for the information technology sector in the first quarter by 6.5% in aggregate, according to FactSet data. "We plan on being either not in any of these names or hedged or short some of them going into earnings season," Niles said.
Investing veteran Stephen Weiss said he's still patiently waiting to deploy capital in the stock market as Wednesday's cooler-than-expected inflation report didn't serve as an all-clear. "Inflation is still stubbornly high," said Weiss, a regular on CNBC's "Halftime Report." Excluding food and energy, the core CPI increased 0.4% and 5.6% on an annual basis, both as expected. The chief investment officer at Short Hills Capital Partners believes that the market valuation is still too high even as earnings declined. Weiss said he's going to be opportunistic until there's clarity of the economic picture.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFollow the Pros: How Steve Weiss is playing the March CPI reportFollow Short Hills Capital Partners CIO Steve Weiss as he breaks down what he is seeing in March's consumer price index report and how he is investing accordingly.
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this period of heightened market volatility, including whether to buy, sell or hold individual companies. Jenny Harrington of Gilman Hill Asset Management discussed why she thinks United Rentals is a good stock to buy and hold for the long term. Jim Lebenthal of Cerity Partners talked about Citi . He said there is a case to be made for the stock price to double in two years. Finally, Short Hills Capital Partners' Stephen Weiss shared why he thinks there are better places to put your money than the iShares TIPS Bond ETF (TIP) .
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this heightened market volatility, including whether to buy, sell or hold specific companies. Jenny Harrington of Gilman Hill Asset Management explained why you should hold onto Energy Transfer if you own the stock. Cerity Partners' Jim Lebenthal said if you already own Apple , you may want to keep some shares in your portfolio. Stephen Weiss of Short Hills Capital Partners talked about Devon Energy and why it may be worth sticking with the stock at these levels.
Skyworks Solutions is one chip stock that traders should take another look at, according to investor Jenny Harrington. She said the stock appears compelling at current valuations. Additionally, the company is expected to grow its earnings significantly, making it a "compelling technology investment." Unlike some of its peers, Skyworks has its own manufacturing plants in the U.S. Still, Weiss, who previously held the stock, said he would wait to give Skyworks another look.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman Sachs' bad quarter is the result of environmental factors, says Steve WeissSteve Weiss, chief investment officer and managing partner of Short Hills Capital Partners LLC, joins 'Closing Bell Overtime' to discuss Goldman Sachs' earnings miss, the environmental factors impacting the company's margins and Moderna's RSV vaccine news.
Stephen Weiss bought shares of Microsoft , which could be a tactical trade for investors after sentiment around growth stocks improved on some better inflation data. Part of my portfolio's long term, but I'm also, you know, I can trade," Weiss said Monday on CNBC's "Halftime Report." So that's why I bought Microsoft. Despite the steep drop, Microsoft outperformed other mega-cap tech stocks investors found more risky, such as Amazon, which plunged more than 49%, and Alphabet, which dropped about 39%. SoFi's Liz Young said she agreed with Microsoft as a trade for short-term investors, though she warned investors against suddenly turning bullish on mega-cap tech stocks.
Stephen Weiss, chief investment officer and managing partner at Short Hills Capital Partners, bought Moderna , and sold Merck — though he still expects the latter is a solid pharmaceutical stock. "Some days I regret selling because it's still a cheap stock, still extremely well-run, I think the best-run pharma company." Moderna shares have recently attracted investors' interest following the announcement of an experimental melanoma vaccine . Shares of Moderna are down roughly 18% this year, while shares of Merck is up nearly 45% in 2022. To this, Weiss added that "there's no other drug company, biotech company" with the pipeline that Moderna has.
Stephen Weiss, the chief investment officer and managing partner of Short Hills Capital Partners, is very bearish on Tesla stock. Currently, Musk is running SpaceX, the Boring Company, Tesla and Twitter, which Weiss added is a "complete nightmare." Headwinds for Tesla, EVs In addition, he sees rising competition, a lack of infrastructure and a weak economy as major headwinds for Tesla going forward. "Now you look in a garage, you look anywhere, and you see tremendous cars that make Teslas look like Model Ts," he said, pointing to models from Ford and Porsche. Beyond his views on Tesla, Weiss recently sold Dick's Sporting Goods and Honeywell for profit in a rough environment to make money.
It's been a brutal year for tech stocks, which means there may be opportunities for investors to scoop up some names at a good price. There are big cap names trading at historical lows," said Altimeter Capital Chair and CEO Brad Gerstner on CNBC's " Closing Bell: Overtime " Thursday. Microsoft For Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, Microsoft looks compelling, especially due to its commercial cloud business. Microsoft shares are down 24% in 2022. Stephen Weiss, chief investment officer at Short Hills Capital Partners, also likes Microsoft, as well as Apple .
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