Aluminum ended July on a high note and there are several stocks that could benefit from the recent strength in the metal and prove opportunities for investors.
Aluminum futures capped July with a 2.72% monthly gain, the most since January and their second-straight monthly advance.
CNBC Pro found 11 stocks using data from Refinitiv that tend to move with aluminum prices.
Each one is a member of the Russell 1000 and has a 50-day correlation coefficient of at least 0.4, which indicates at least a moderate correlation.
Further down the list are stocks with more moderate correlations to aluminum: chipmaker Texas Instruments , Domino's Pizza , Align Technology and Korean e-commerce retailer Coupang .
Persons:
Bill Peterson, Russell, It's, — CNBC's Michael Bloom, Gina Francolla
Organizations:
JPMorgan, CNBC Pro, Southern Copper Corporation, Air Products, Chemicals, Jefferies, Texas, Technology, Coupang, New York Stock Exchange, Intercontinental Exchange, Cboe, KKR
Locations:
China, Freeport, McMoRan, Korean