Trading Places with Tom Bowley

Which NASDAQ 100 Stock Has Been The Best Performer In 2019?

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If you're trying to think of the best performing semiconductor stock ($DJUSSC), you're heading in the right direction. The DJUSSC has been outstanding throughout much of 2019, gaining nearly 50%, rising from 2888 to 4234 at yesterday's close. Semiconductor stocks actually take up the top 3 positions as follows:

  1. Advanced Micro Devices (AMD), +131.69%
  2. Lam Research (LRCX), +117.96%
  3. KLA Corp (KLAC), +101.46%

For those that placed bets on semiconductors in 2019, congrats!

AMD began showing relative strength at the end of 2018 and it simply strengthened throughout 2019, printing higher relative highs and higher relative lows. Perhaps the most serious technical issue for AMD surfaced in early October as it tested previous price lows, but they held and AMD was off to the races!

It's been a great year for AMD and for the semiconductors, but now's the time to begin looking for the next AMD for 2020. As part of that effort, I am going to attempt to cover all of the NASDAQ 100 stocks during Trading Places LIVE, which begins this morning at 9:00am EST. If you'd like to join me, click on the room link below:

https://zoom.us/j/248920901 

If you're unable to make this morning's webinar, the recording will be uploaded to our YouTube channel later today, so be sure to check back in.

Happy trading!

Tom

Tom Bowley
About the author: co-founded Invested Central in 2004 and served as the site's Chief Market Strategist for more than 10 years. Invested Central provides stock market education and guidance for those interested in making their own financial decisions. During his tenure at Invested Central, Tom co-hosted Market Open LIVE, a national radio broadcast that covered many of the largest markets across the U.S. In addition, he has spoken at various conferences throughout the United States and Canada and has taught thousands of traders across the globe how to trade equities more wisely with an emphasis on managing risk and intermarket relationships. Learn More
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