These stocks — including Home Depot and Verizon — are big winners when rates drop

The collapse in bond yields has helped lift the stock market to a record high this week. History shows, there are certain stocks that could be the biggest winners from declining rates.

On Wednesday, Federal Reserve Chair Jerome Powell signaled interest rate cuts beginning as early as July. The Fed removed its “patience” approach which sent treasury yields plunging. The yield on the 10-year Treasury note, a benchmark for mortgage rates and corporate borrowing, fell below 2% for the first time since November 2016.

For investors looking for an edge in this low rate environment, here are some…