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See what the IHS Markit Score report has to say about Freeport-McMoRan Inc.

IHS Markit

Freeport-McMoRan Inc

NYSE:FCX

Score: Positive (76)

14 days at current score.

Upgraded from Neutral on July 27th 2018

View full report here!

Summary


  • This company ranked positively in 3 out of 4 IHS Markit Categories and also compared to the Basic Materials sector
  • Perception of the company's creditworthiness is neutral but improving
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Positive

Short interest is extremely low for FCX with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FCX.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding FCX are favorable, with net inflows of $5.85 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating.

Credit worthiness

Credit default swap | Neutral

The current level displays a neutral indicator with a strengthening bias over the past 1-month. FCX credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.

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