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High Correlation Stock Scalps For May 17
By Stock Scalper | Published  05/14/2021 | Stocks | Unrated
High Correlation Stock Scalps For May 17

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).

UNP Union Pacific Corp
GOOGL Alphabet Inc Cl A
BLK Blackrock Inc'A'
FDX FedEx Corp
GOOG Alphabet Inc Cl C Cap Stock
GE General Electric Co
ABT Abbott Laboratories
MSFT Microsoft Corp
WMT Walmart Inc
ACN Accenture PLC (Ireland) NEW
CSCO Cisco Systems
AAPL Apple Inc
INTC Intel Corp
WBA Walgreen Boots Alliance Inc
BKNG Booking Hldgs Inc
V Visa Inc
TGT Target Corp
MET Metlife Inc
LMT Lockheed Martin Corp
GM General Motors Co

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.