Shares soared Wednesday after a better-than-expected slowdown within the tempo of rising shopper costs. The patron value index, which measures the worth of a basket of products and companies, rose 8.5% in July from a yr in the past, as in contrast with estimates of an 8.7% enhance. Traders cheered the information , which led many to marvel if inflation has peaked and if, in flip, the Federal Reserve could hike charges much less aggressively. In each June and July, the central financial institution raised charges by 75 foundation factors every time to combat inflation. “The market appears to be taking consolation in the truth that we’re seemingly previous peak inflation, and we must always proceed to see declines within the second half of the yr,” stated Brian Worth, head of funding administration at Commonwealth Monetary Community. Others are much less positive. Bankrate’s chief monetary analyst, Greg McBride, wrote in a be aware, “One in a row shouldn’t be a streak — however it’s a begin.” The next are some shares that would profit when charges cease rising and if the market retains rallying. To search out these “risk-on” names, CNBC Professional appeared for names which are extra risky than the remainder of the market (ie., have a excessive beta), and had been harm essentially the most when inflation fears had been at their peak, dropping greater than 20% within the first six months of this yr. We additionally appeared for firms the place quick curiosity — the share of shares freely out there for buying and selling which are bought quick — topped 5%. All the firms are within the S & P 500 index. Caesars Leisure , virtually 7% increased Wednesday, has the very best beta in our display at 3.1, and 6.4% of its float is shorted. The on line casino firm, which earlier this month reported a smaller-than-expected quarterly loss, plunged 59% the primary six months of the yr. Etsy noticed the biggest drop the primary half of the yr on the CNBC Professional display, plummeting virtually 67%. Extra just lately, shares have been transferring increased since Etsy earnings beat analyst estimates earlier this month. The net market has a 2.3 beta and 11% of its shares within the open market are shorted. The inventory was buying and selling greater than 6% increased on Wednesday. Bathtub & Physique Works additionally noticed its shares droop within the first half, falling 61%. It has a beta of two.1 and 6.6% of its float is shorted. Final month, the retailer lowered its gross sales and earnings outlook as a result of difficult macroeconomic atmosphere. It was up 4% in buying and selling Wednesday. To make certain, these shares are dangerous. If the market rally fails, they might be harm essentially the most once more on the draw back. —CNBC’s Fred Imbert contributed reporting.