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The Trade: Copper's rally moves these stocks

Copper manufacturing
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 S&P 500 names when copper prices rise by at least 5 percent in one week.