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High Correlation Stock Scalps For May 10
http://www.tigersharktrading.com/articles/42291/1/High-Correlation-Stock-Scalps-For-May-10/Page1.html
By Stock Scalper
Published on 05/7/2021
 

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


High Correlation Stock Scalps For May 10

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
SPG Simon Ppty Grp
AIG Amer Intl Grp
PM Philip Morris Intl Inc
NKE Nike Inc Cl B
CSCO Cisco Systems
COST Costco Wholesale Corp
GOOGL Alphabet Inc Cl A
MO Altria Grp
CMCSA Comcast Cl A
MDLZ Mondelez Int'l Inc Cl A
CHTR Charter Communications Inc
GD General Dynamics Corp
EMR Emerson Electric Co
GOOG Alphabet Inc Cl C Cap Stock
F Ford Motor
QCOM Qualcomm Inc
FDX FedEx Corp
MSFT Microsoft Corp
LOW Lowe's Cos, Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.