VIDEO: Hon Hai Reveals Record Revenue as CES Kicks Off
A big week for tech as well as Service PMI and jobs data.
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In today’s Daily Rundown, the Pro Portfolio's Chris Versace explains why record December-ending quarter revenue from Hon Hai -- also known as Foxconn -- is not only positive for several portfolio holdings, but how it also kicks off what should be a positive week for the portfolio’s tech holdings. Hon Hai is a partner of Apple AAPL and Nvidia NVDA.
Versace also explains why CES 2025, which will begin tonight with a keynote from Nvidia’s Jensen Huang, and the expected December-ending quarter revenue from Taiwan Semi TSM that comes out this week, will both be two catalysts to watch. He also discusses what he’ll be looking at when he breaks down December Service PMI reports today and tomorrow, and how with the December Manufacturing PMI reports they will set the tone for Friday’s December employment report.
The Portfolio is long AAPL, NVDA.
