Oil prices can be said to be a barometer of the development of the stock market, and have a greater impact on the development of the stock market in the later period. So when oil prices rise, do stocks go up or down? The following is analyzed by Hong Kong United Securities for us:
The rise in oil prices is good for some stocks, such as the new energy industry and oil mining industries, and it is bad for some stocks, such as basic raw material production and consumer industry stocks. The following is the specific analysis:
Pros:
1. Oil mining career
The impact of rising oil prices on oil mining and processing industries is the most obvious. Generally speaking, rising oil prices can stimulate certain industries to excavate and process oil, enabling these industries to obtain higher income from them. Increased income promotes the industry. A rise in career stocks.
2. New energy occupation
The rise in oil prices is beneficial to new energy companies to a certain extent. After the rise in oil prices, the sales volume of oil generally drops sharply. People may choose trams or new energy vehicles for travel. The sales of cars in this industry have increased, which has also increased Its income has contributed to the rise of the industry's stocks.
Bad news:
1. Basic raw material production industry
The rise in oil prices will lead to an increase in the production cost of some basic raw material industries, such as some machinery that needs to use oil, or some equipment powered by oil, etc. The increase in production costs will also reduce the surplus income of the industry. A reduction in income may lead to a decline in the industry's stocks.
2. Consumer occupations
Rising oil prices have dampened some consumption. After the oil price rises, some customers need to pay more to buy oil, which will lead to a reduction in consumption in the short term, and have a certain negative impact on some retailers and car manufacturers. If there is no oil, the purchase volume will be reduced, and the income of retailers who sell oil will decrease, etc., which will lead to a decline in the stocks of this industry.
The above is the relevant knowledge about "Will stocks rise or fall when oil prices rise? Will stocks rise or fall when oil prices rise?"