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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 (75)

34 days at current score.

Upgraded from Neutral on April 13th 2018

Summary


  • This company ranked positively compared to the Basic Materials sector despite only 1 positive 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


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 | Negative

There is no ETF activity data available for this security.

Economic sentiment

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 worthiness

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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