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Kensho Trade: How to play new home sales report

A stucco crew plasters the exterior of a new two-story home at the Lennar Corp. Madison Pointe at Central Park development in Doral, Florida.
Mark Elias | Bloomberg | Getty Images
A stucco crew plasters the exterior of a new two-story home at the Lennar Corp. Madison Pointe at Central Park development in Doral, Florida.

The monthly new home sales number Wednesday is one of the most closely watched leading indicators for the U.S. economy. How should investors trade the number?

Using hedge fund analytics tool Kensho, CNBC Pro screened for which S&P 500 stocks do well or poorly when the new home sales figure beat or missed consensus during the last decade.