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High Correlation Stock Scalps For February 8
By Stock Scalper | Published  02/5/2021 | Stocks | Unrated
High Correlation Stock Scalps For February 8

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).

INTC Intel Corp
DIS Disney (Walt) Co
AXP American Express Co
NVDA Nvidia Corp
USB US Bancorp
ADBE Adobe Inc
DOW Dow Inc
MS Morgan Stanley
UPS United Parcel Service Inc
SBUX Starbucks Corp
ORCL Oracle Corp
COF Cap One Finl
JPM JPMorgan Chase & Co
BRK.B Berkshire Hathaway'B'
LMT Lockheed Martin Corp
AIG Amer Intl Grp
LOW Lowe's Cos, Inc
TGT Target Corp
BAC Bank of America Corporation
MO Altria Grp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.