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High Correlation Stock Scalps For July 6
http://www.tigersharktrading.com/articles/42535/1/High-Correlation-Stock-Scalps-For-July-6/Page1.html
By Stock Scalper
Published on 07/2/2021
 

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


High Correlation Stock Scalps For July 6

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).

NVDA Nvidia Corp
TGT Target Corp
JNJ Johnson & Johnson
LLY Eli Lilly and Co
ACN Accenture PLC (Ireland) NEW
AXP American Express Co
SBUX Starbucks Corp
ORCL Oracle Corp
MCD McDonald's Corp
AMGN Amgen Inc
PFE Pfizer Inc
ABBV AbbVie Inc
UNH UnitedHealth Grp Inc
UNP Union Pacific Corp
MDT Medtronic plc
CMCSA Comcast Cl A
T AT&T Inc
CSCO Cisco Systems
MA Mastercard Inc
DD DuPont de Nemours Inc

Dave Mecklenburg is the Publisher of TigerSharkTrading.com.