Investing Club: What we're watching Thursday afternoon — including Ford's Mach-E top EV over Tesla

Published Thu, Feb 17 20222:51 PM ESTUpdated Thu, Feb 17 20223:49 PM EST

What we're watching Thursday afternoon — Feb. 17, 2022 Consumer Reports names Ford 's (F) Mustang Mach-E the top electric vehicle for 2022, ahead of Tesla 's Model 3 … another great win for CEO Jim Farley and company. No new buys in the afternoon yet, even as the market continues to drift lower. Even though we have plenty of cash on the sidelines, we're waiting to make our next buy — if and when — the S & P falls roughly 1% from the time of our Morning Meeting. Can't keep buying at the same levels. We did buy 100 more shares of Qualcomm (QCOM) on Thursday morning ... matching the share buy when we initialed the position Wednesday. 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 and 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, at least that's the view that is suggested by the $1 million worth of stock Chair of the Board Larry Kellner bought Monday. Although we recently trimmed our position at around $215 last week , we would have sold more if we thought the stock wasn't going higher in the long run. 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. In the interim, we are hesitant to lock in gains on Morgan Stanley down here because of its solid near 3% dividend yield and management buys back roughly $3 billion of stock per quarter. CEO James Gorman is speaking at the Credit Suisse Financial Services Forum now so let' stay close to what he has to say ... Great to see Walmart (WMT) build on its gains despite the beatdown in the broader market. The breakout of the $2.1 billion high margin advertising business shows that it has more ways to win than purely retail. Management also sounded confident in their ability to grow operating income higher than sales ... We're well aware of the pain of PayPal (PYPL) and have not neglected it. PayPal is a high price-to-earnings multiple stock that is becoming low multiple through a rate-driven repricing that it and many others will continue to go through unabated. (Jim Cramer's Charitable Trust is long F, QCOM, BA, MS, WMT and PYPL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

What we're watching Thursday afternoon — Feb. 17, 2022

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