Score: Neutral (62)
1 day at current score.
Upgraded from Negative on November 7th 2017
- This company ranked positively in all 4 IHS Markit categories but was neutral compared to the Industrials sector
- Perception of the company's creditworthiness is positive
- ETFs holding this stock are seeing positive inflows
- Bearish sentiment is low and declining
- Economic output in this company's sector is expanding
Short interest | Positive
Short interest is low for TEX with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on November 3.
ETF/Index ownership | Positive
ETF activity is positive. Over the last month, ETFs holding TEX are favorable, with net inflows of $3.27 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 | Positive
The current level displays a positive indicator. TEX 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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