GOOD WEEK

Shares in Cisco Systems (CSCO) posted a good run in 2021 amid the market's rotation to "value" stocks tied to the U.S. economy reopening. The outlook for CSCO stock this year depends on spending trends for cloud computing infrastructure as well as corporate and telecom networks.  Cisco stock jumped 41% in 2021 amid volatility in the tech-heavy Nasdaq.  Cisco's January-quarter earnings were higher considering component shortages and supply-chain issues.  Product orders increased 33% year-over-year, marking the third straight quarter of 30%-plus order growth. Demand in the enterprise market has been a bright spot.  Cisco continues to hike prices amid supply chain issues.

BAD WEEK

Shopify (SHOP) earnings fell 14% while revenue rose 41% to $1.38 billion, both beating Q4 views. But management said capital spending and marketing investments would climb as the coronavirus pandemic fades and e-commerce growth normalizes. Shopify said it plans to spend $1 billion annually on a U.S. distribution network to store and ship products for its merchant customers. For full-year 2022, Shopify expects "Year-over-year revenue growth to be lower in the first quarter of 2022 and highest in the fourth quarter of 2022." SHOP stock plunged to its lowest level since May 2020.

WHAT ELSE HAPPENED?

Tesla (TSLA) sold 59,845 made-in-China Model 3 sedans and Model Y SUVs last month. Most of those, 40,499, were exported mainly to Europe. Only 19,346 were sold locally, vs. 70,602 in December. Meanwhile, the National Highway Traffic Safety Administration confirmed it is investigating claims that a Tesla Autopilot system glitch causes phantom braking. And Consumer Reports crowned Ford's Mustang Mach-E its top EV of 2022, dethroning Tesla's Model 3. Tesla stock fell about 1.5% for the week.