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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's price target is raised. Here's what the pros are sayingJim Cramer, Steve Weiss of Short Hills Capital and Joe Terranova of Virtus Investment Partners discussed Tesla after the company's first Cybertruck is built and Wells Fargo raises its price target.
Persons: Jim Cramer, Steve Weiss, Joe Terranova, Tesla Organizations: Short Hills Capital, Virtus Investment Partners Locations: Wells
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta hits fresh 52-week high as 100M sign up for its Threads platform. Here's how to play the stockJim Cramer, Joe Terranova of Virtus Investment Partners, Steve Weiss of Short Hills Capital and Roger McNamee of Elevation Partners discussed Meta's new platform Threads after it passed 100 million users and the stock hit a new 52-week high.
Persons: Jim Cramer, Joe Terranova, Steve Weiss, Roger McNamee Organizations: Virtus Investment Partners, Short Hills Capital, Partners
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiogen shares fall after Alzheimer's drug approval. Here's what the pros are sayingMichael Yee of Jefferies, Chris Raymond of Piper Sandler, Kevin Simpson of Capital Wealth Planning, Steve Weiss of Short Hills Capital and Jim Lebenthal of Cerity Partners discussed Biogen after the FDA approved its Alzheimer's drug.
Persons: Michael Yee, Jefferies, Chris Raymond, Piper Sandler, Kevin Simpson, Steve Weiss, Jim Lebenthal Organizations: Capital Wealth, Short Hills Capital, Cerity Partners, FDA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix hits highest level in 17 months. Here's what the pros are sayingJim Cramer, Joe Terranova of Virtus Investment Partners, Jenny Harrington of Gilman Hill Asset Management, Steve Weiss of Short Hills Capital and Jim Lebenthal of Cerity Partners discussed Netflix after the stock surged to its highest level since February 2022 following an upgrade from Goldman Sachs.
Persons: Jim Cramer, Joe Terranova, Jenny Harrington, Steve Weiss, Jim Lebenthal, Goldman Sachs Organizations: Netflix, Virtus Investment Partners, Asset Management, Short Hills Capital, Cerity Partners, Goldman
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI still think we are going into recession, says Short Hills Capital’s Steve WeissLiz Young, Jim Lebenthal, Bryn Talkington and Steve Weiss join 'Halftime Report' to discuss the market as stocks rise to close out strong first half on encouraging inflation data, what lies ahead, and more.
Persons: Steve Weiss Liz Young, Jim Lebenthal, Bryn Talkington, Steve Weiss
Apple's stock price has surged in 2023, putting the company on the verge of a $3 trillion valuation. "While Apple is a great company, there's not a ton of fundamentals driving this right now," Cleo Capital managing director Sarah Kunst told CNBC's "Last Call" Wednesday. she added, referring to the Vision Pro mixed reality headset Apple launched at the start of June. The tech giant's shares have surged 46% year-to-date, raising its total market capitalization to $2.98 trillion. But some on Wall Street are more bullish on the tech giant, with both Wedbush and Fairlead Strategies recently forecasting its valuation will hit $4 trillion around the end of next year.
Persons: Cleo Capital's Sarah Kunst, , there's, Cleo, Sarah Kunst, CNBC's, Steve Weiss Organizations: Service, Apple, Cleo Capital, Vision, Hills, Big Tech, Federal, Nasdaq
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
The elder Mr. Xu’s daughter had already been jailed because of his son’s refusal to return home, jurors were told. She had already received several threats related to Mr. Xu and knew that the Chinese government was trying to find him, she said. To thwart them, she arranged a meeting the next day at a nearby mall, rather than at Mr. Xu’s home. Mr. Zheng even drove back to try and take the note down, Mr. Goldberger said. But he was too late: Mr. Xu testified that he had already done so, following instructions from the F.B.I.
Persons: Xu’s, Xu, Zheng, Zheng’s, Paul Goldberger, , Goldberger Locations: New Jersey, China, Short Hills, N.J, Warren , N.J
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's financial fundamental performance is not worth its valuation, says Short Hills' Steve WeissJosh Brown, Liz Young, Joe Terranova, and Steve Weiss join 'Halftime Report' to discuss Apple hitting an all-time high valuation, sustaining big tech's valuation rally, and varying investor discipline strategies.
Persons: Steve Weiss Josh Brown, Liz Young, Joe Terranova, Steve Weiss Organizations: Apple
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple nears exclusive $3 trillion market cap. Here's what the pros are sayingJosh Brown of Ritholtz Wealth Management, Barton Crockett of Rosenblatt Securities and Steve Weiss of Short Hills Capital discuss Apple as the iPhone maker as it nears $3 trillion in market cap.
Persons: Josh Brown, Barton Crockett, Steve Weiss Organizations: Apple, Ritholtz Wealth, Rosenblatt Securities, Short Locations: Short Hills
The people pursuing them at first targeted Ms. Liu’s sister in Short Hills, N.J., because they did not know Mr. Xu’s address. Mr. McMahon enlisted other investigators to help him with the job, while exchanging messages with people from the “company” that hired him. In 2017, Chinese officials forced Mr. Xu’s 82-year-old father to fly in from China in a bid to learn where Mr. Xu lived and to persuade him to return to the country, prosecutors said. The officials enlisted Mr. McMahon to do surveillance during that trip in an effort to learn where Mr. Xu was living. The following year, Mr. Zheng was one of two people who left a threatening note on the front door of Mr. Xu’s home.
Persons: Arfa, , Fox Hunt, Xu, Liu’s, Zhu, McMahon, Mr, Xu’s, Zheng Organizations: Fox, Prosecutors Locations: United States, New Jersey, Short Hills, N.J, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCommercial real estate will see a trillion in refinancing, says Short Hills Capital's Steve WeissBryn Talkington, Joe Terranova, and Steve Weiss join 'Halftime Report' to discuss major indices moving into the green, expectations for the Fed's July move, and division between the economy and the market.
Persons: Steve Weiss Bryn Talkington, Joe Terranova, Steve Weiss
On Thursday's "Ask Halftime," traders answered questions from CNBC Pro subscribers about stocks and sectors as the market appears to be in a holding pattern ahead of the Federal Reserve's meeting next week. Jenny Harrington of Gilman Hill Asset Management was asked whether to buy, sell or hold New York Community Bank after she recommended it on "Halftime" recently. She discusses why she is still holding the regional bank and why she is predicting its shares will continue to go higher. Also, Steve Weiss of Short Hills Capital talked about why investors shouldn't short mega-cap tech names but can look to hedge some positions.
Persons: Jenny Harrington, Steve Weiss Organizations: CNBC Pro, Asset Management, New York Community Bank, Short Locations: Short Hills
Office landlords are in store for retail redux
  + stars: | 2023-05-19 | by ( Jennifer Saba | ) www.reuters.com   time to read: +3 min
NEW YORK, May 19 (Reuters Breakingviews) - Office landlords are in store for pain, but there’s a light at the end of the hallway. Though vacancy rates in the United States recently hit a 30-year high, owners of retail space – shopping malls and grocery stores – have shown that a bounce back is possible. A reset is in store, but the best office landlords can make it, too. But retail real estate, which includes everything from malls to shopping centers, went through its own misery. It might be a slog, as retail shows, but office could be in store for a redux.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDebt ceiling fears creating market dislocations, says Short Hills' Steve WeissBryn Talkington, Steve Weiss, Bill Baruch, and CNBC's Steve Liesman joins 'Halftime Report' to discuss the latest debt ceiling headlines, Feed Chair Powell's conversation with Former Chairman Bernanke, and ongoing bank credit issues.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe regional bank crisis is not over, says Short Hills' Steve WeissKaren Firestone, Joe Terranova, and Steve Weiss joins 'Halftime Report' to discuss regional bank volatility, range-bound trading, and Western Alliance's deposit growth.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTarget shares rise after earnings beat. Here's how the pros are playing itJim Cramer, Stephanie Link of Hightower Advisors, Steve Weiss of Short Hills Capital, and Karen Firestone of Aureus Asset Management on what they think about Target after the company beat earnings expectations despite small sales growth.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBetter growth comes from 'hard asset sectors', says Cerity's Lebenthal on buying utilities over techJosh Brown, Ritholtz Wealth Management CEO, Anastasia Amoroso, iCapital chief investment strategist, Steve Weiss, Short Hills Capital, and Jim Lebenthal, Cerity Partners chief equity strategist, join 'Halftime Report' to discuss buyback support in tech, when to sell the FAANG stocks, and timing cyclical exposure.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCredit tightening will impact small business lease renewal, says Short Hills Capital's Steve WeissJoe Terranova, Liz Young, and Steve Weiss join 'Halftime Report' to discuss this weeks CPI and PPI numbers, the debt ceiling meeting, and factors distorting inflation numbers.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNorthrop Grumman and Humana: CNBC's 'Halftime Report' traders answer your questionsCNBC's Halftime traders Jenny Harrington of Gilman Hill Asset Management and Steve Weiss of Short Hills Capital answer investment-related questions from CNBC Pro subscribers. Look out for an email where you can submit your questions directly to the Halftime team.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle is on borrowed time, says Short Hills Capital's Steve WeisThe 'Halftime Report' investment committee, Steve Weiss, Jenny Harrington and Josh Brown, discuss Alphabet stock, which Weiss has sold and positioning post-Fed meeting.
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks, bonds and ETFs during this period of heightened market volatility, including whether to buy, sell or hold individual names. Jenny Harrington of Gilman Hill Asset Management discussed Northrop Grumman and why she thinks it's a good buy now. Stephen Weiss of Short Hills Capital explained why Humana is a good long-term hold with an entry point under $500.
On Thursday's "Ask Halftime," our traders answered questions from CNBC Pro subscribers about stocks, bonds and ETFs during this period of heightened market volatility, including whether to buy, sell or hold individual names. Jason Snipe of Odyssey Capital Advisors discussed Marriott and why he expects there is still upside for the hotel stock. Steve Weiss of Short Hills Capital owns Moderna and said he sees a recovery in the stock over the next few months as it seeks approval for its RSV vaccine. With the expectation that the Federal Reserve will cut rates later this year, SoFi's Liz Young suggested investors start unloading their short-term bonds by the end of this summer.
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.
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