No matter what the Federal Reserve does with interest rates this week, investors should already know the game plan.
Investors are braced for rates to rise, if not this month, soon. Higher rates aren't toxic to all stocks. Energy stocks like Helmerich & Payne (HP), materials stocks like Nucor (NUE) and health care stocks like Humana (HUM) have actually performed relatively well during periods when the Fed is raising rates going back to 1971, according to a USA TODAY analysis of data from S&P Global Market Intelligence that looks at current members of the Standard & Poor's 500. These types of stocks are in stark contrast to those in the consumer discretionary sector, like Mattel (MAT) and Ford (F), in addition to financials like Lincoln National (LNC), which have tended to lag when the Fed is hiking rates.