Score: Positive (75)
71 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 but weakening
- ETFs holding this stock are seeing positive inflows but are weakening
- 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 | Negative
ETF activity is negative and may be weakening. The net inflows of $5.22 billion over the last one-month into ETFs that hold FCX are among the lowest of the last year and appear to be 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 weak relative to the trend shown over the past year, however.
Credit default swap | Positive
The current level displays a positive 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 remain among the lowest levels seen during the last three years.
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