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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 (71)

3 days at current score.

Upgraded from Neutral on December 4th 2017

View full report here!

Summary


  • This company ranked positively in all 4 IHS Markit categories and versus the Basic Materials sector
  • Perception of the company's creditworthiness is positive
  • 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 $9.95 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.

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. FCX credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.

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