Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Thursday, February 12th, and I'm your host, Kim Con.

Our top story so far, after more than 80 years, Gallup is ending its tracking of presidential approval ratings.

Gallup has measured Podist's presidential approval ratings. Gallup has measured

Podist job approval since the Truman era and says the decision is based on its research

goals and priorities. Historically, John F. Kennedy holds the highest average approval rating

at 71 percent, followed by Dwight D. Eisenhower and George H.W. Bush. But the timing is

raising eyebrows. Some observers have speculated Gallup

may want to avoid political blowback. Steve Herman, executive director at the Jordan Center for

Journalism, advocacy, and innovation, noted that President Donald Trump has repeatedly threatened

to sue media and polling firms that portray him negatively. And conservative commentator

Bill Crystal pointed

to Gallup's contracts with federal agencies. Among active stocks, the pattern of tech names sliding,

even after decent earnings, is back on display today. Cisco is lower after reporting results

and guidance that analysts largely called solid. Some investors flagged rising memory costs,

but Evercore ISI analyst Ami Dariyanani said

the cost pressure looks like nothing but a speed bump given Cisco's AI-related strength. App Loven is also down

despite beating on the top and bottom lines. For Q1, it guided revenue of 1.745 to 1.775 billion,

well above the 1.7 billion estimate. And Rollins is the biggest

S&P decliner after missing estimates for both revenue and adjusted earnings. The pest control

company pointed to erratic weather patterns that hurt one-time and seasonal work. On the economic

front, existing home sales fell 8.4% in January to a seasonally adjusted annual rate of 3.91 million.

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