It has been a couple of tumultuous days for the stock market, with Russia-Ukraine tension and tightening monetary policy in the focus. Since we published our thoughts a couple days ago that it's time to get constructive again, the broader markets have decline a couple of percentages. However, remember, we never said to go all in at any price level, but we said to be ready to buy at lower prices. We still stand by our call, and in recent days have been putting our cash position to work to high-quality portfolio names. As a reminder, you can always check what we own and by how much here. In today's post, let us provide you an update about some stocks in the portfolio that we're watching.

• Consumer Reports names Ford’s (F) Mustang Mach-E the top electric vehicle for 2022, ahead of Tesla’s Model 3. This is a great win for CEO Jim Farley and company, strengthening our thesis in this company as a best-of-breed electric vehicle maker at a very cheap multiple.

• Boeing (BA) may see some volatility around the upcoming release of the Netflix film “Downfall: The Case Against Boeing.” The film will portray Boeing in a negative light and it will show a lot of wrongdoing. They deserve it because what happened at the company was terrible and the culture needs a cleanup. However, we wouldn’t sell any stock simply because of a movie that likely contains a lot of information that is already known and understood. We are focused on Boeing’s future, not its past. The market may also be underappreciating Boeing’s outlook. Chair of the Board Larry Kellner bought $1 million worth of stock on Monday; when an insider buys more stocks, they've got to have a positive view. 

• Shares of Morgan Stanley (MS) were getting hit hard Thursday and have had a rough few days. While some of this pressure could be related to concerns around Russia-Ukraine tensions and worries that the Federal Reserve will have to raise interest rates too fast and slow the economy down into a recession to stamp out surging inflation, news that the SEC and DOJ are investigating the business of block trading isn’t helping either. Earlier this week, The Wall Street Journal named Morgan Stanley and Goldman Sachs as two firms that received subpoenas from the SEC. We’ll continue to monitor this story.