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High Correlation Stock Scalps For January 4
http://www.tigersharktrading.com/articles/41773/1/High-Correlation-Stock-Scalps-For-January-4/Page1.html
By Stock Scalper
Published on 12/31/2020
 

Which stocks are most correlated to the S&P 500? Click for the whole list.


High Correlation Stock Scalps For January 4

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).
LMT Lockheed Martin Corp
KO Coca-Cola Co
PEP Pepsico Inc
GS Goldman Sachs Grp
UNP Union Pacific Corp
COST Costco Wholesale Corp
MDT Medtronic plc
UNH UnitedHealth Grp Inc
BRK.B Berkshire Hathaway'B'
C Citigrp Inc
DIS Disney (Walt) Co
BK Bank of New York Mellon Corp
CMCSA Comcast Cl A
SBUX Starbucks Corp
JPM JPMorgan Chase & Co
AXP American Express Co
DUK Duke Energy Corporation
NEE NextEra Energy Inc
MA Mastercard Inc
BKNG Booking Hldgs Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.