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High Correlation Stock Scalps For June 7
http://www.tigersharktrading.com/articles/42409/1/High-Correlation-Stock-Scalps-For-June-7/Page1.html
By Stock Scalper
Published on 06/4/2021
 

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


High Correlation Stock Scalps For June 7

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).

AAPL Apple Inc
ACN Accenture PLC (Ireland) NEW
PYPL PayPal Hldgs Inc
GOOG Alphabet Inc Cl C Cap Stock
MSFT Microsoft Corp
FB Facebook Inc
MMM 3M Co
GD General Dynamics Corp
GOOGL Alphabet Inc Cl A
BIIB Biogen Inc
KO Coca-Cola Co
UNP Union Pacific Corp
INTC Intel Corp
ADBE Adobe Inc
LMT Lockheed Martin Corp
CSCO Cisco Systems

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.