Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
High Correlation Stock Scalps For May 24
http://www.tigersharktrading.com/articles/42350/1/High-Correlation-Stock-Scalps-For-May-24/Page1.html
By Stock Scalper
Published on 05/21/2021
 

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


High Correlation Stock Scalps For May 24

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).

KO Coca-Cola Co
V Visa Inc
PG Procter & Gamble Co
MSFT Microsoft Corp
AMGN Amgen Inc
GOOGL Alphabet Inc Cl A
CMCSA Comcast Cl A
AXP American Express Co
PEP Pepsico Inc
MO Altria Grp
LOW Lowe's Cos, Inc
AAPL Apple Inc
CHTR Charter Communications Inc
COF Cap One Finl

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.