Score: Positive (76)
14 days at current score.
Upgraded from Neutral on July 27th 2018
- 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
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.
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.
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 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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