Premarket movers: Mag 7 stocks are mostly higher (Alphabet +0.5%, Amazon +0.3%, Apple -0.2%, Nvidia +1.2%, Meta Platforms +0.4%, Microsoft +0.4%, Tesla +0.5%), Coal stocks are up after the Trump administration ordered the Pentagon to purchase electricity from coal plants and announced funding for upgrades to coal facilities. Baxter International (BAX) falls 14% after the medtech company posted fourth quarter results. Cisco Systems Inc. (CSCO) drops 7% after the company gave a weaker-than-expected forecast for profitability in the current quarter, spurring concerns that mounting memory-chip prices are taking a toll on the company. Cognex (CGNX) is up 23% after the electronics components company forecast revenue for the first quarter that beat the average analyst estimate. Equinix (EQIX) rises 9% after the data center operator’s 2026 revenue guidance beat the average analyst estimate. Analysts are positive about the increased bookings and highlight a boost to the company’s forecast from accelerated AI demand. Fastly (FSLY) soars 40% after the cloud-platform provider posted fourth-quarter results that beat expectations and management gave a robust full-year forecast. ICON (ICLR) sinks 33% after the company said the audit committee launched an internal investigation into its accounting practices. Paycom Software (PAYC) falls 9% after the company’s outlook was seen as disappointing and pointing to tepid growth trends. http://Trip.com ADRs (TCOM) fall 5% after China Central Television reported that the city of Beijing had summoned the internet firm along with 11 others over issues related to train ticket sales. Viking Therapeutics (VKTX) rises 13% after the biotech said it plans to advance its oral obesity drug to Phase 3 in the third quarter of this year. Zoetis (ZTS) climbs 4% after the animal health company gave a forecast for adjusted earnings per share for 2026 that topped Wall Street’s expectations(zerohedge)