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High Correlation Stock Scalps For July 12
http://www.tigersharktrading.com/articles/42560/1/High-Correlation-Stock-Scalps-For-July-12/Page1.html
By Stock Scalper
Published on 07/9/2021
 

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


High Correlation Stock Scalps For July 12

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).

BRK.B Berkshire Hathaway'B'
BLK Blackrock Inc'A'
ALL Allstate Corp
AXP American Express Co
MCD McDonald's Corp
BMY Bristol-Myers SQUIBB
LOW Lowe's Cos, Inc
COF Cap One Finl
JPM JPMorgan Chase & Co
HD Home Depot Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.