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High Correlation Stock Scalps For August 9
http://www.tigersharktrading.com/articles/42680/1/High-Correlation-Stock-Scalps-For-August-9/Page1.html
By Stock Scalper
Published on 08/6/2021
 

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


High Correlation Stock Scalps For August 9

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).

BA Boeing Co
EMR Emerson Electric Co
ABT Abbott Laboratories
ACN Accenture PLC (Ireland) NEW
WMT Walmart Inc
MSFT Microsoft Corp
SPG Simon Ppty Grp
UNP Union Pacific Corp
C Citigrp Inc
GOOG Alphabet Inc Cl C Cap Stock
GOOGL Alphabet Inc Cl A
GE General Electric Co
BLK Blackrock Inc'A'
OXY Occidental Petro Corp
WFC Wells Fargo & Company
BAC Bank of America Corporation
USB US Bancorp
CAT Caterpillar Inc
EXC Exelon Corp
COST Costco Wholesale Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.