Score: Negative (32)
1 day at current score.
Downgraded from Neutral on July 7th 2018
- This company ranked negatively compared to the Basic Materials sector despite only 1 negative IHS Markit Category
- Perception of the company's creditworthiness is neutral but weakening
- ETFs holding this stock have seen outflows over the last one-month
- Bearish sentiment is low
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 | Negative
ETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding FCX totaled $3.41 billion. Additionally, the rate of outflows appears to be accelerating.
PMI by IHS Markit | Neutral
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however.
Credit default swap | Neutral
The current level displays a neutral indicator with a weakening bias over the past 1-month. Although FCX credit default swap spreads are rising, indicating the market's more negative perception of the company's credit worthiness, they are still comfortably within the range of the last three years.
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