Cisco's memory-price warning is having ripple effects across the tech sector

February 12, 2026

TL;DR

The market rotation from technology to cyclical stocks is continuing, benefiting sectors like industrials.
Club holdings in industrial sectors have shown strong year-to-date performance compared to the S&P 500.
Trims were made in Eaton and Procter & Gamble due to the S&P Oscillator nearing overbought territory.
Cisco's stock fell over 10% after its earnings report, despite meeting expectations, due to concerns about rising memory prices affecting margins.
Apple's stock was also impacted by Cisco's commentary on memory prices, and its Siri upgrade rollout will be staggered throughout the year.
Despite challenges, the Investing Club remains invested in Cisco and Apple, citing strong order growth and iPhone sales respectively.

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