With the S&P 500 index up more than 25% over the past year and 6.5% so far in 2024, it's time to look beyond the usual suspects and toward stocks that haven't participated in the rally so far this year. Whirlpool (NYSE: WHR) and Owens Corning (NYSE: OC) match this description and I think they have the potential to do well through the year. Here's why.

As you can see below, the housing market (expressed here in terms of sales of existing homes) doesn't like higher interest rates, and Whirlpool's share price doesn't like a declining housing market.

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Source Fool.com