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High Correlation Stock Scalps For February 22
http://www.tigersharktrading.com/articles/41961/1/High-Correlation-Stock-Scalps-For-February-22/Page1.html
By Stock Scalper
Published on 02/19/2021
 

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


High Correlation Stock Scalps For February 22

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).

LLY Eli Lilly and Co
MDT Medtronic plc
ABT Abbott Laboratories
DIS Disney (Walt) Co
FDX FedEx Corp
DHR Danaher Corp
WMT Walmart Inc
PFE Pfizer Inc
PYPL PayPal Hldgs Inc
SLB Schlumberger Ltd
BLK Blackrock Inc'A'
UNP Union Pacific Corp
NEE NextEra Energy Inc
GM General Motors Co
ORCL Oracle Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.