These are the Dow stocks you want to own the most if the Fed sparks a risk-on rally

Beaten-down stocks could be the big beneficiaries of a potential Federal Reserve-fueled rally this week. The market has already priced in the likelihood of a 75 basis point rate hike from the central bank, which began its two-day meeting Tuesday. It would be the Fed 's fourth straight 0.75 percentage point increase in its campaign to tame inflation. Instead, investors will focus on what Fed Chair Jerome Powell may signal about future rate increases on Wednesday.

Apple has the highest inverse correlation to the VIX/VXX. The iPhone maker is down 13.3% so far this year, far less than other hard-hit tech stocks. Last week, Apple reported earnings and revenue that beat expectations, but its iPhone revenu e came up short. Credit Suisse analyst Shannon Cross called it a " relatively safe port in the storm " in a note Friday, pointing to Apple's solid cash flow and recurring revenue. Salesforce , meanwhile, is down 36% year to date.

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