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: is the Chief Market Strategist at EarningsBeats.com, where he provides stock market education, guidance, and trading strategies using a unique combination of technical, fundamental, and historical analysis. Tom provides EarningsBeats.com members with four portfolios (Model, Aggressive, Income, and Value), all designed to beat the benchmark S&P 500, and a revolving Watch List of hundreds of companies reporting strong quarterly earnings (must beat both revenue and EPS estimates) and exhibiting technical strength as well. These companies comprise EarningsBeats' annotated Strong Earnings ChartList (SECL), from which Tom trades exclusively. Tom writes a Daily Market Report (DMR) for members to include an executive summary, market outlook, sector/industry watch, and trading ideas. Learn More
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