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High Correlation Stock Scalps For August 16
http://www.tigersharktrading.com/articles/42707/1/High-Correlation-Stock-Scalps-For-August-16/Page1.html
By Stock Scalper
Published on 08/13/2021
 

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


High Correlation Stock Scalps For August 16

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
CSCO Cisco Systems
GILD Gilead Sciences
IBM Intl Business Machines Corp
DIS Disney (Walt) Co
UPS United Parcel Service Inc
NEE NextEra Energy Inc
PG Procter & Gamble Co
COST Costco Wholesale Corp
COF Cap One Finl
UNP Union Pacific Corp
JNJ Johnson & Johnson
CMCSA Comcast Cl A
MCD McDonald's Corp
VZ Verizon Communications
ACN Accenture PLC (Ireland) NEW
AAPL Apple Inc
PEP Pepsico Inc
MRK Merck & Co
EXC Exelon Corp

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.