Interest rates have been surging recently, with the benchmark U.S. 10-year Treasury note yield hitting levels not seen in nearly seven years.
If rates keep rising over the next three months, buying shares of Dow Jones industrial average members Goldman Sachs, Microsoft and Visa could be profitable trades.
Those three stocks returned at least 12.1 percent on average during three-month periods when rates were surging, according to data from Kensho, a hedge fund analytics tool.
Apple and J.P. Morgan Chase are also big winners when rates jump, averaging returns of 11.8 percent and 10.9 percent in three months, respectively. The Dow, meanwhile, averages returns of 4.8 percent.
Meanwhile, General Electric and Walmart are among the Dow stocks that are the biggest laggards when rates jump. GE averages a loss of 1 percent during three-month periods of rising rates, Kensho data show, while Walmart averages a slight return of 0.3 percent. American Express, Coca-Cola and Procter & Gamble average returns of at least 1.7 percent, below the Dow's average returns during a surge in rates.
Source: CNBC
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