When Yellen plays dove, buy these stocks

Janet Yellen, the new Federal Reserve Board chairwoman, appears before the House Financial Services Committee on February 11, 2014 in Washington.
Getty Images
Janet Yellen, the new Federal Reserve Board chairwoman, appears before the House Financial Services Committee on February 11, 2014 in Washington.

Chair Janet Yellen's speech before the House Financial Services Committee on Wednesday confirmed the recent market turmoil and strong dollar could delay the future path of rate hikes. She also cited concern over low inflation and the possibility of weaker economic growth than expected.

So this is the typical dovish posture that traders have come to expect when she makes a public speech.

Using hedge fund analytics tool Kensho, we looked at which S&P 500 companies and ETFs performed the best on those dovish days from Yellen.