Score: Positive (84)
40 days at current score.
Upgraded from Neutral on December 4th 2017
- This company ranked positively compared to the Basic Materials sector despite only 2 positive IHS Markit Categories
- Perception of the company's creditworthiness is positive and improving
- 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 | Neutral
ETF activity is neutral. The net inflows of $6.30 billion over the last one-month into ETFs that hold FCX are not among the highest of the last year and have been slowing.
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 very strong relative to the trend shown over the past year, and is accelerating. However, the rate of expansion may not be sustainable over the coming months.
Credit default swap | Positive
The current level displays a positive indicator with a strengthening bias over the past 1-month. FCX credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.
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