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).
DIS Disney (Walt) Co
AMZN Amazon.com Inc
EMC EMC Corp
ABBV AbbVie Inc
TWX Time Warner
C Citigroup Inc
NKE Nike, Inc'B'
GOOG Google Inc Cl C Cap Stock
GE General Electric
MA Mastercard Inc
V Visa Inc
GOOGL Google Inc Cl A
COF Cap One Financial
ORCL Oracle Corp
BAC Bank of America Corporation
AIG Amer Intl Group
AXP American Express Co
BA Boeing Co
PFE Pfizer Inc
MS MS
GS Goldman Sachs Group
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.