Jim Cramer: This Industrial Stock Goes Down When Crude Oil Goes Higher
On Monday, Teradyne shares fell 1.5%; Boeing shares declined 1%; and Applied Aerospace & Defense fell 0.8%.
Some industrial companies like Teradyne and Boeing tend to have their stock prices drop when crude oil prices go up, because oil is expensive to their business. When you see oil getting more expensive, it's worth noticing whether these kinds of companies' stocks are moving down too.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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