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Kensho Stats

5 stocks that could lead the Nasdaq to a record

The Nasdaq exchange is seen in New York City.
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The Nasdaq exchange is seen in New York City.

With the Nasdaq composite about 3 percent away from following the S&P 500 and the Dow Jones industrial average to record levels, CNBC PRO asks which stocks will lead the way if the tech-heavy benchmark posts a new high before the month is out.

With Kensho, an analytics tool used by hedge funds, CNBC Pro searched for the Nasdaq members that rise the most when the benchmark is in rally mode. Specifically, we looked at all the times the Nasdaq composite rallied 3 percent in seven days or less (there are seven trading days left to July).

Here's what we found:

The list is dominated by high beta chipmakers such as Micron and Skyworks Solutions. China online retailer Baidu rounds out the list. All of them more than double the Nasdaq's return during those seven-day rallies of 3 percent or more.

Past behavior does not guarantee future results, but quant hedge funds likely have these names on their watch lists this week.

CNBC's parent NBCUniversal is a minority investor in Kensho.