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).
FB Facebook Inc
TWX Time Warner
COST Costco Wholesale Corp
HON Honeywell Intl
MET Metlife Inc
SLB Schlumberger Ltd
LOW Lowe's Cos
WFC Wells Fargo
EXC Exelon Corp
AIG Amer Intl Grp
CVX Chevron Corporation
CMCSA Comcast Cl A
CVS CVS Health Corp
MRK Merck & Co
MMM 3M Co
USB US Bancorp
AAPL Apple Inc
DOW Dow Chemical
GOOG Alphabet Inc Cl C Cap Stock
FDX FedEx Corp
MDT Medtronic plc
OXY Occidental Petro
FOXA Twenty-First Century Fox Inc A
GOOGL Alphabet Inc Cl A
JPM JPMorgan Chase & Co
Dave Mecklenburg is the Publisher of TigerSharkTrading.com.