The Trade: How to play the jobs number beat

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

The February jobs report Friday handily beat expectations. How can investors trade the number using history as a guide?

The U.S. economy created 242,000 jobs in February versus the Wall Street consensus of 190,000. The data will now be a crucial factor in how the Federal Reserve guides the market's expectations on the future path of rate hikes.

So how can investors trade a better-than-expected jobs report?

Using hedge fund analytics tool Kensho, CNBC Pro screened for which securities do well and poorly when the jobs report beat or missed consensus by 5,000 jobs over the past decade.