Score: Negative (10)
57 days at current score.
Downgraded from Neutral on January 17th 2018
- This company ranked negatively compared to the Industrials sector despite 2 positive IHS Markit Categories
- Perception of the company's creditworthiness is negative
- ETFs holding this stock are seeing positive inflows
- Bearish sentiment is moderate
- Economic output in this company's sector is expanding
Short interest | Neutral
Short interest is moderate for TEX with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
ETF/Index ownership | Positive
ETF activity is positive. Over the last month, ETFs holding TEX are favorable, with net inflows of $1.89 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 Industrials sector is rising. The rate of growth is strong relative to the trend shown over the past year.
Credit default swap | Negative
The current level displays a negative indicator. TEX credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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