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High Correlation Stock Scalps For February 5
By Stock Scalper | Published  02/2/2018 | Stocks | Unrated
High Correlation Stock Scalps For February 5

If the stock market can move sectors and stocks, which sectors and stocks are most likely to move in step with the stock market? Sectors and individual stocks most highly correlated to the overall market can use the S&P 500 SPDR ETF (SPY) as a directional indicator.

The following individual stocks are most correlated the S&P 500 SPDR ETF (SPY).

HD Home Depot Inc
TGT Target Corp
IBM Intl Business Machines Corp
CVX Chevron Corporation
GM General Motors Co
EMR Emerson Electric Co
LOW Lowe's Cos
ACN Accenture PLC (Ireland) NEW
FDX FedEx Corp
C Citigrp Inc
PCLN The Priceline Grp Inc
CVS CVS Health Corp
MS Morgan Stanley
COF Cap One Finl
ORCL Oracle Corp
DVN Devon Energy
KMI Kinder Morgan Inc
AAPL Apple Inc
KO Coca-Cola Co
WFC Wells Fargo
GS Goldman Sachs Grp
HON Honeywell Intl
V Visa Inc
INTC Intel Corp
HAL Halliburton Co
SPG Simon Ppty Grp
PM Philip Morris Intl Inc
PG Procter & Gamble Cc
AXP American Express Co
UNP Union Pacific Corp
CAT Caterpillar Inc

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