Score: Positive (96)
39 days at current score.
Upgraded from Neutral on December 4th 2017
- This company ranked positively in 3 out of 4 IHS Markit Categories and also compared to the Basic Materials sector
- Perception of the company's creditworthiness is positive and improving
- ETFs holding this stock are seeing positive inflows
- 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 | Positive
ETF activity is positive but appears to be weakening. Over the last month, growth of ETFs holding FCX is favorable, with net inflows of $13.75 billion. This is among the highest periods of net inflows seen over the last one-year, but the rate of additional flows appears to be decreasing.
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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