Stocks Mixed on Strength in Chipmakers and Weakness in Cisco Systems

Market Overview - Overseas stock markets are mixed, with the Euro Stoxx 50 reaching a new all-time high, up by +0.77%, while Japan's Nikkei Stock 225 fell by -0.02% from a record high [1] - The S&P 500 Index is up +0.20%, the Dow Jones Industrial Average is up +0.32%, and the Nasdaq 100 Index is down -0.10% [6] Earnings Reports - More than two-thirds of S&P 500 companies have reported Q4 earnings, with 78% beating expectations, and S&P earnings growth is expected to rise by +8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth [2] - Cognex Corp reported Q4 revenue of $252.3 million, exceeding the consensus of $239.6 million, and forecasts Q1 revenue of $235 million to $255 million, stronger than the consensus of $230.4 million [11] - Zebra Technologies reported Q4 net sales of $1.48 billion, better than the consensus of $1.47 billion [12] - Howmet Aerospace reported Q4 revenue of $2.17 billion, above the consensus of $2.13 billion, and forecasts Q1 revenue of $2.23 billion to $2.25 billion, stronger than the consensus of $2.16 billion [13] Stock Movements - Sandisk is up more than +8% due to higher demand forecasts for NAND memory chips from Kioxia [5][13] - Seagate Technology is up more than +9%, leading gainers in the Nasdaq 100, supported by strength in chip makers and AI-infrastructure stocks [10] - Cisco Systems is down -9% after indicating that higher memory-chip prices will impact profitability [5][15] - Motorola Solutions is up more than +8% after reporting Q4 adjusted EPS of $4.59, better than the consensus of $4.35 [14] Economic Indicators - January existing home sales are expected to decline by -4.3% month-over-month to 4.16 million [3] - January CPI is expected to rise by +2.5% year-over-year, with core CPI also expected to increase by +2.5% year-over-year [3] - US weekly initial unemployment claims fell by -5,000 to 227,000, indicating a slightly weaker labor market than expected [4]