Which stocks and sectors are most correlated to the S&P 500? Walgreen Co (WAG), Morgan Stanley (MS), and Bank of America Corporation (BAC) lead the list of stocks most correlating with the S&P 500 stock index. Click for the whole list.
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).
MS Morgan Stanley
WAG Walgreen Co
BAC Bank of America Corporation
FDX FedEx Corp
BA Boeing Co
DOW Dow Chemical
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.