Tiger Shark Trading, Daily Commentary from Professional Traders - http://www.tigersharktrading.com
High Correlation Stock Scalps For June 1
http://www.tigersharktrading.com/articles/42381/1/High-Correlation-Stock-Scalps-For-June-1/Page1.html
By Stock Scalper
Published on 05/28/2021
 

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


High Correlation Stock Scalps For June 1

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).

DHR Danaher Corp
OXY Occidental Petro Corp
GM General Motors Co
NKE Nike Inc Cl B
SBUX Starbucks Corp
HD Home Depot Inc
LOW Lowe's Cos, Inc
MSFT Microsoft Corp
GOOGL Alphabet Inc Cl A
INTC Intel Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.