You don’t have to own bank stocks to make money when rates are rising. While financials derive the biggest benefit, other sectors such as equipment makers, material manufacturers and energy producers also do well in a rising-rate environment. Steelmaker Nucor (ticker: NUE), metals miner Freeport-McMoRan (FCX), capital goods manufacturer Emerson Electric Company (EMR), truck maker Paccar (PCAR) and oil producer ConocoPhillips (COP) are all interesting plays right now. More on our picks later.
Of course, if interest rates rise…
