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High Correlation Stock Scalps For May 3
http://www.tigersharktrading.com/articles/42254/1/High-Correlation-Stock-Scalps-For-May-3/Page1.html
By Stock Scalper
Published on 04/30/2021
 

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


High Correlation Stock Scalps For May 3

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).

DD DuPont de Nemours Inc
ACN Accenture PLC (Ireland) NEW
BLK Blackrock Inc'A'
QCOM Qualcomm Inc
IBM Intl Business Machines Corp
DOW Dow Inc
KO Coca-Cola Co
ALL Allstate Corp
WFC Wells Fargo & Company
UNH UnitedHealth Grp Inc
GS Goldman Sachs Grp
BRK.B Berkshire Hathaway'B'
MS Morgan Stanley

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.