, Columnist
Foxconn Has Traders' Trust
Analysts have raised estimates ahead of this week's earnings. Now it's up to Apple's biggest supplier not to disappoint.
This article is for subscribers only.
Traders seem decidedly unconcerned that Apple Inc.'s largest supplier may deliver a nasty earnings report even though both companies have just had their worst sales performance in at least 15 years.
According to Bloomberg Gadfly analysis, short interest on Hon Hai Precision Industry Co. is an average 27.4 million shares ahead of its fourth-quarter profit announcement, expected as soon as Thursday afternoon Taipei time.1490780138083 That's the lowest 10-day pre-earnings average since the first quarter of 2015.