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High Correlation Stock Scalps For March 8
http://www.tigersharktrading.com/articles/42025/1/High-Correlation-Stock-Scalps-For-March-8/Page1.html
By Stock Scalper
Published on 03/5/2021
 

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


High Correlation Stock Scalps For March

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
ABBV AbbVie Inc
BLK Blackrock Inc'A'
JNJ Johnson & Johnson
MSFT Microsoft Corp
DHR Danaher Corp
BIIB Biogen Inc
BMY Bristol-Myers SQUIBB
TXN Texas Instruments
WMT Walmart Inc
V Visa Inc
LOW Lowe's Cos, Inc
MCD McDonald's Corp
AAPL Apple Inc
NKE Nike Inc Cl B
FDX FedEx Corp
QCOM Qualcomm Inc
AMZN Amazon.com Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.