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High Correlation Stock Scalps For February 12
By Stock Scalper | Published  02/9/2018 | Stocks | Unrated
High Correlation Stock Scalps For February 12

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).

MMM 3M Co
COF Cap One Finl
ORCL Oracle Corp
IBM Intl Business Machines Corp
AXP American Express Co
DIS Disney (Walt) Co
MET Metlife Inc
HON Honeywell Intl
MDT Medtronic plc
BK Bank of New York Mellon Corp
MCD McDonald's Corp
VZ Verizon Communications
BRK.B Berkshire Hathaway'B'
NSC Norfolk Southern
ABT Abbott Laboratories
T AT&T Inc
LOW Lowe's Cos
WBA Walgreen Boots Alliance Inc
CMCSA Comcast Cl A
USB US Bancorp
MSFT Microsoft Corp
CAT Caterpillar Inc
HPQ HP Inc
C Citigrp Inc
BAC Bank of America Corporation
UNH UnitedHealth Grp Inc
INTC Intel Corp
MA Mastercard Inc
HD Home Depot Inc
COST Costco Wholesale Corp
CELG Celgene Corp
PYPL PayPal Hldgs Inc
MS Morgan Stanley

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.