Score: Neutral (55)
3 days at current score.
Downgraded from Positive on November 6th 2018
- This company ranked neutral compared to the Basic Materials sector with only 1 positive IHS Markit Category
- Perception of the company's creditworthiness is negative
- Bearish sentiment is low
- Economic output for the sector is expanding but at a slower rate
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. ETFs that hold FCX had net inflows of $5.11 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing.
PMI by IHS Markit | Negative
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, and is easing.
Credit default swap | Negative
The current level displays a negative indicator. Although FCX credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.
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