CNBC Pro

The Trade: Copper's rally moves these stocks

Share
Baranozdemir | Getty Images

Copper prices are up solidly from mid-January lows and rallying higher on better-than-expected U.S. economic data such as GDP and durable goods orders. So what do you buy if the commodity keeps rising?

One of the oldest market adages is how the metal has a Ph.D. in economics. Many investors believe copper prices are a leading indicator of future economic trends with its use in a wide variety of sectors, including home construction, industrial manufacturing and consumer products.

Investors may wonder which companies are affected by such volatility in copper prices. Using Kensho, a quantitative tool used by hedge funds, CNBC Pro found the top names when copper prices rise by at least 5 percent in one week.

More In Investing

CNBC ProRide the transports rally with these stocks, which still have room to run
CNBC ProMike Santoli’s market notes: This stock market has a knack for rotating away from harm