Steve Weiss defends his position on Moderna as shares plunge CNBC Television 2.3M subscribers Subscribe 160 21K views 1 year ago #CNBCTV #CNBC Steve Weiss joins the 'Halftime Report'. Weiss told CNBC he sold a portion of his position after the stock ralliedTuesday, but Moderna remains a "very large position" in his portfolio. Moderna got ahead of itself, as momentum stocks often do, Weiss said yethe said the fundamentals are improving as the stock trades lower. The company also said it projects sales of $17 billion to $22 billion in 2022.By comparison, Pfizer has said it expects Covid vaccine sales of $36 billion this year and $29 billion in 2022.Heres how Moderna did compared with what Wall Street expected, according to average estimates compiled by Refinitiv:EPS: $7.70 per share versus $9.05 per share expectedRevenue: $4.97 billion versus $6.21 billion expectedWe are humbled to have helped hundreds of millions of people around the world with our COVID-19 vaccine and yet we know our work is not done, Moderna CEO Stephane Bancel said in a statement.He said the company is working to ensure the vaccine is available in low-income countries by providing approximately 10% of its 2021 volume to them, and significantly more volume next year. The commentary delivered by hosts of the show often moves the stocks mentioned. With Brenda Vingiello, Sand Hill Global Advisors; Pete Najarian, Market Rebellion; and . All rights reserved. Got a confidential news tip? Stock Picks. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Moderna shares fell by more than 16% on Thursday after it cut its Covid-19 vaccine sales forecast for the year and missed earnings and revenue expectations for the third quarter.The company said some doses for delivery this year have been shifted to early 2022 amid production issues and as it prioritizes deliveries to low-income countries through COVAX, the U.N.-backed effort to share coronavirus vaccines. And later, we grade your latest trades.Investment Committee Disclosures. Plus, Intel cutting its dividend, Jenny owns it and weighs in on what to do with the name. Benzinga Pro traders use to win in the markets everyday. View stock pick history for Type 1 or more characters for results. Hosted by Scott Wapner. Plus, Greenlight Capitals David Einhorn joins us to discuss the market, the Fed, his 2022 performance, his outlook for 2023 and more. Got a confidential news tip? It has been lagging for the last couple of months, but Weiss expects it to catch up and trade higher. names by Bank of America. The information is collected and refined using Benzinga Pros News Tool. And later, a Chart of the Day on Moderna, the stock getting downgraded. He bought at $150+ and it's had a great move in a short time. Get this delivered to your inbox, and more info about our products and services. The valuation is not cheap. Lowe's put up good numbers, then fretted about state of the consumer in February, Eli Lilly CEO on slashing insulin prices, approval timelines for weight-loss and Alzheimer's drugs, 2-year notes an attractive alternative to equities, says Trivariate Research's Adam Parker, Female executives leaving jobs looking for higher pay, FDA advisory panel votes in favor of adult RSV vaccine from GSK PLC. 2023 CNBC LLC. Steve Weiss, Short Hills Capital Partners founder and managing partner, and Jim Lebenthal, Cerity Partners chief equity strategist, join the 'Halftime Report' to discuss the state of the markets. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Want the fastest, most accurate stock market intelligence? MRNA Price Action: Moderna has traded as high as $497.49 and as low as $54.21 over a 52-week period. Data is a real-time snapshot *Data is delayed at least 15 minutes. Stephen Weiss said Porsche Automobile Holding SE Unsponsored Germany ADR (OTC:POAHY) usually trades in correlation to Volkswagen A G Unsponsored Represent 1 10th Sh ADR (OTC:VWAGY). Want EXCLUSIVE stories originated by Benzinga reporters? People dont understand what being a host is and part of that is moving the show along and telling people to shut up. Halftime Report trader Steve Weiss talks about why he bought puts in Qualcomm, Apple, Skyworks and Micron. And later, we grade your latest trades! Amy Raskin, Steve Weiss, Joe Terranova, and Sarat Sethi join the "Halftime Report' to discuss weak performance in energy markets, bond yields and Fed policy going forward. Alphabet, Activision Blizzard, Oak Street Health And This Australian Company On . read more Latest When hiring, be gender neutral. And later, a Call of the Day on some A.I. Get this delivered to your inbox, and more info about our products and services. Halftime Report airs weekdays 12-1PM ET on CNBC TV. Data is a real-time snapshot *Data is delayed at least 15 minutes. Steve Weiss CNBC As per Steve Weiss' LinkedIn profile, he functions as the Contributor Halftime Report at CNBC. The Committee discuss the best name in the group. We want to hear from you. The winner is the team whose stocks have the highest average price appreciation between the closing price on April 28, 2022, to Feb.10, 2023. Sign up for free newsletters and get more CNBC delivered to your inbox. "Market is not accustomed to growth stocks of this nature targeting profitability rather than revenue at all costs," Short Hills Capital Managing Partner Steve Weiss told Benzinga. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. She just talks non sense to justify whatever she feels at that moment. PleaseCan anyone stop Jim Cramer embarrassing CNBC and his family? This helps ensure that investors get the ultimate, cream-of-the-crop stocks, representing not just the top 10% or even the top 1%, but the top 0.01% of all the stocks on the market. Micron Technology, Inc MU Scott Wapner and the Investment Committee are bracing for more volatility. At last check Wednesday, the stock was down 16.16% at $382.96. Stephen Weiss, Founder, Short Hills Capital Partners $0.000 No UnlockRating PARTIAL SELL Palo Alto Networks(PANW-N) 17/02/2023 +Get Signals+Get Signals He just trimmed shares. All Rights Reserved. Everything she says is nonsense. Lowe's put up good numbers, then fretted about state of the consumer in February, Eli Lilly CEO on slashing insulin prices, approval timelines for weight-loss and Alzheimer's drugs, 2-year notes an attractive alternative to equities, says Trivariate Research's Adam Parker, Female executives leaving jobs looking for higher pay, FDA advisory panel votes in favor of adult RSV vaccine from GSK PLC. The earnings report comes two weeks after the Food and Drug Administration authorized booster shots of Modernas vaccine to tens of millions of Americans.The company said Thursday it anticipates commercial booster market sales could be up to $2 billion in 2022. Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. Pro Picks: Watch all of Monday's big stock calls on CNBC Jim Cramer, Steve Weiss of Short Hills Capital, Jenny Harrington of Gilman Hill Asset Management, Aaron Kessler of Raymond James,. Tyler Mathisen - $5 million. CNBC Steve Weiss defends his position on Moderna as shares plunge Duration: 06:19 11/4/2021 Steve Weiss joins the 'Halftime Report' with his outlook on Moderna and their new guidance for. Steve Weiss - Goldman Sachs Group Inc GS. Related Link:Why This Investor Just Compared Moderna To Amazon, Sees 500% Upside. Investment Committee Disclosures. The Weiss Ultimate Portfolio our flagship service is the pot of gold at the end of a long journey. 2023 CNBC LLC. CNBC should check Jims mentality stability! Peabody Energy BTU From market futures to live price updates CNBC is the leader in business news worldwide.The News with Shepard Smith is CNBCs daily news podcast providing deep, non-partisan coverage and perspective on the days most important stories. Las Vegas Sands Corp. LVS He took some off the table, but is hanging onto the rest. This headline only article is a sample of real-time intelligence Benzinga does not provide investment advice. Like us on . Jenny Harrington - Meta Platforms Inc FB Steve Weiss owns the name and breaks down what . Scott Wapner and the Investment Committee debate the markets in March and whether a new month will bring optimism or pain for investors. For Investment Committee Disclosures please visit:https://cnb.cx/3HSe4EV, Scott Wapner and the Investment Committee discuss rates on the run and stocks on the retreat as inflation fears roil markets. Plus, Jim Cramer joins us with an exclusive interview with JPMorgans Jamie Dimon. A Division of NBCUniversal. The company has. Marathon Petroleum Corp MPC, Apple Inc AAPL You can likewise find his short bio on the authority site of CNBC. We want to hear from you. The one woman they have all on all the time is terrible. Jumia is. 6. Sign up for free newsletters and get more CNBC delivered to your inbox. All Rights Reserved. It now expects Covid vaccine sales of between $15 billion and $18 billion this year, down from an earlier projection of $20 billion.In releasing its third-quarter earnings, Moderna said it is now expecting to deliver between 700 million and 800 million doses this year, down from its previous expectations of between 800 million and 1 billion doses. The sell-off in Moderna Inc MRNA stock is a phenomenal buying opportunity for investors with a long-term outlook, Short Hills Capital's Steve Weiss said Wednesday on CNBC's "Fast Money Halftime Report.". On a post-earnings call with investors, Bancel said the companys supply chain became more complex, impacting international deliveries of its vaccine.Weve increased deliveries to many countries around the world, he said. Data is a real-time snapshot *Data is delayed at least 15 minutes. With a speculated annual salary of $800,000 from CNBC, Tyler has an estimated net worth of $5 million. This year's draft is expected to kick off on CNBCs Power Lunch, which starts at 2 p.m. CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. The sell-off is a buying opportunity for investors with a long-term view, he said, adding that long-term doesn't have to mean 10 years. Today's 52-Week Highs; Today's 52-Week Lows; . Lol. Jim Cramer, Steve Weiss of Short Hills Capital, Jenny Harrington of Gilman Hill Asset Management, Aaron Kessler of Raymond James, and Jason Snipe of Odyssey Capital Advisors on why they are buying, selling, or holding specific stocks and ETFs. And later, a Chart of the Day on Moderna, the stock getting downgraded. I may not always agree with some of the other guest but at least they have a method they stick to not just whatever. We want to hear from you. Jim Always makes up things then flip-flops in the next hour! Fast Money Halftime Report is on the front lines of CNBC's market coverage; host CNBC's Scott Wapner and the Street's top investors get to the heart of the. All rights reserved. A Division of NBCUniversal. All Rights Reserved. He noticed a big options activity and he decided to jump in. But please keep political ads if you can off this podcast like Rachael Maddow s new podcast accusing Trump of all kinds of nefarious deeds . Each team makes two picks from a list of 60 stocks and other investments. O'Leary Stephanie Link Tiffany McGhee Bill Baruch Courtney Dominguez Andrew Wellington Rob Sechan Chris Verrone Kourtney Gibson Steve Weiss Guy Adami Bill Nygren Liz Miller Tiffany McGee Julie Biel John Rogers Dan Nathan Amy Raskin Michael Farr Brian Belski Victoria Fernandez Steve Grasso Kate Kelly Tim Seymour Degas . Plus, Warren Buffett takes aim at the war against buybacks, calling the opponents economically illiterate. The Investment Committee weigh in. Benzinga does not provide investment advice. Steve Weiss owns the name and breaks down what to do from here. Sign up for free newsletters and get more CNBC delivered to your inbox. On CNBC: Steve Weiss Pick For 2022 CNBC Stock Draft Pick: Goldman Sachs - Goldman Sachs Group (NYSE:GS) - Benzinga 100 SEATS LEFT: Will the Market Rally or Crash? CNBC's "Halftime Report" team discuses how they're investing in the market and what they think of tech stocks right now. Weekly Recap: Investors Shift Gears as the Years Worst Week Unfolds, Alphabet Inc. (GOOG) Is a Trending Stock: Facts to Know Before Betting on It, Registration on or use of this site constitutes acceptance of our. from St. John's University School of Law, and start his vocation as a duty lawyer. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News OnlineGet the latest news: http://www.cnbc.com/Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC News on Twitter: https://cnb.cx/FollowCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBChttps://www.cnbc.com/select/best-credit-cards/ #CNBC#CNBCTV The final day of a down month for stocks, Scott Wapner and the Investment Committee debate what March might bring for your money. Do Not Sell My Personal Data/Privacy Policy. Halftime Report is on the front lines of CNBC's market coverage. Stephen Weiss said Porsche Automobile Holding SE Unsponsored Germany ADR (OTC:POAHY) usually trades in correlation to Volkswagen A G Unsponsored Represent 1 10th Sh ADR (OTC:VWAGY). 2023 CNBC LLC. Jon Najarian really likes Groupon Inc (NASDAQ:GRPN). These include one-month returns on some of his picks including SLACK (-22.7% in 1 month from 7-Oct), Twitter (-28.9% since 18-Oct), and Shake Shack (-12.9% since 5-Nov). More Scott! With her excellent skills in writing articles, hosting shows, and anchoring news, Sue has accumulated a net worth of $4.5 million. Look out for an email where you can submit your questions directly to the Halftime team. CNBC's "Halftime Report" team discuses how they're investing in the market and what they think of tech stocks right now. 2023 Benzinga.com. With the problems they are facing. Watch Wednesday's full episode of Mad Money with Jim Cramer March 1, 2023, Watch Wednesday's full episode of Fast Money March 1, 2023, Pro Picks: Watch all of Wednesday's big stock calls on CNBC, Watch CNBCs full interview with Cantor Fitzgerald's Eric Johnston and NZS Capitals Brad Slingerlend, Watch CNBC's full interview with Trivariate's Adam Parker, Crossmark's Victoria Fernandez and Truist's Keith Lerner. TagsStephen WeissCNBCBenzinga FromBenzinga Honeywell International, Seagen, New York Community Bancorp And This Transportation Company Featured On CNBC's Final Trade November 01, 2022 TickersFBCHONNYCBSGEN TagsJason SnipeJenny HarringtonTrading Ideas FromBenzinga Amazon, Alphabet, Boeing And This Pharma Company Are CNBC's 'Final Trades' Weekdays at 12-1p ET on @CNBC. It has been. Sign up for free newsletters and get more CNBC delivered to your inbox. Plus, top banking analyst Mike Mayo joins us to grade the second ever investor day for Goldman Sachs. Data is a real-time snapshot *Data is delayed at least 15 minutes. Plus, a Call of the Day on JP Morgan, Morgan Stanley says the bank can hit a $1 trillion market cap by 2030, the Committee debate whether you can buy it here. Lowe's put up good numbers, then fretted about state of the consumer in February, Eli Lilly CEO on slashing insulin prices, approval timelines for weight-loss and Alzheimer's drugs, 2-year notes an attractive alternative to equities, says Trivariate Research's Adam Parker, Female executives leaving jobs looking for higher pay, FDA advisory panel votes in favor of adult RSV vaccine from GSK PLC. It could be three or six months. "The stock is still the cheapest stock I own. * Check out our Inverse Cramer and Inverse CNBC strategies to see the current top holdings and historical performance of each strategy. The CNBC Stock Draft is an annual stock-picking competition pitting market professionals, athletes, and celebrities against each other. ET Thursday. The sell-off in Moderna Inc (NASDAQ: MRNA) stock is a phenomenal buying opportunity for investors with a long-term outlook, Short Hills Capital's Steve Weiss said Wednesday on CNBC's ";Fast Money . CNBC Stock Pick Tracker . Steve Weiss, CIO and managing partner of Short Hills Capital Partners, joins 'Halftime Report' to discuss his views on the markets . 2023 CNBC LLC. Josh Brown said Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) is still the best looking large cap tech. What a flurry of new trades could be revealing about the road ahead for stocks and your money. CNBCs Scott Wapner and the Streets top investors get to the heart of the action as its happening and help set the agenda for the rest of the day. We want to hear from you. A Division of NBCUniversal. And, the Committee making some major moves, they share their latest trades and why theyre making them. Look out for an . Follow the Halftime Report podcast on your favorite platform. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Get this delivered to your inbox, and more info about our products and services. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. 2023 Benzinga.com. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. We want to hear from you. She is a Div and value investor that buys arkk and Tesla. Halftime Report is on the front lines of CNBCs market coverage. At the beginning of the year, we supplied to just a few large countries.Moderna Chief Financial Officer David Meline said the company continues to scale up its production network and is working to achieve an increase quarter-over-quarter improvement starting in Q4.Modernas Covid vaccine is the companys only commercialized product. Bryn Talkington. With Brenda Vingiello, Sand Hill Global Advisors; Pete Najarian, Market Rebellion; and Jason Snipe, Osyssey Capital Advisors. Each team makes two picks from a list of 60 stocks. Investment Committee Disclosures, The Great Debate in the Markets: Retest or Restart 2/22/23, Scott Wapner and the Investment Committee debate whether the market will retest the October lows or restart the rally. Get this delivered to your inbox, and more info about our products and services. Join 10,000+ serious traders in the Benzinga Pro community! On CNBC's "Fast Money Halftime Report," Jenny Harrington recommended a long position in Fiserv Inc (NASDAQ:FISV). Got a confidential news tip? Do Not Sell My Personal Data/Privacy Policy, The most trusted brand in stock market news, Only comprehensive mobile notifications solution. Join 10,000+ serious traders in the Benzinga Pro community! This kind of stiff isnt even the halftime demographic ? Weiss Ultimate Portfolio invests in the top 10 among the nearly 10,000 that Weiss Ratings covers. Benzinga Pro users can access this information by using the News tool on any workstation. Steve Weiss, Short Hills Capital Partners founder and managing partner, and Jim Lebenthal, Cerity Partners chief equity strategist, join the 'Halftime Report' to discuss the state of the. All Rights Reserved. 2023 Benzinga.com. CNBC's Halftime traders Jim Lebenthal of Cerity Partners, Steve Weiss of Short Hills Capital and Liz Young of SoFi answer investment-related questions from CNBC Pro subscribers. Halftime Report trader Steve Weiss talks about why he bought puts in Qualcomm, Apple, Skyworks and Micron. In other words, the ultimate in quality, safety and profitability. CNBC's Halftime traders Jim Lebenthal of Cerity Partners, Steve Weiss of Short Hills Capital and Liz Young of SoFi answer investment-related questions from CNBC Pro subscribers.
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