Building on yesterday’s sector selector feature, Top Equity News turned its highly tuned eye onto Wednesday’s top performing ETFs. We love it when the two reports play the role of nut and bolt – fitting together perfectly.
If you recall, technology is on our emerging buys list. With the pronunciation of Reagan, well, tech ETFs peppered the performance leaderboard today.
The technology sector is broad; so, TEN was happy to see the day’s gainers refine the list for us. Two of the top five hottest ETFs were semiconductor ETFs.
- iShares PHLX SOX Semiconductor (SOXX)
- SPDR S&P Semiconductor ETF (XSD)
Investors who are more comfortable with a diversified portfolio should just stick with either on the exchange traded funds above. However, if individual stocks are more your style, then read on.
As Top Equity always does, we popped open the hood to determine which squirrels were spinning the wheel the fastest. We found seven hot stocks that both funds have in common.
- Micron Technology, Inc. (MU)
- NVIDIA Corporation (NVDA)
- Power Integrations, Inc. (POWI)
- Hittite Microwave Corporation (HITT)
- Advanced Micro Devices, Inc. (AMD)
- Broadcom Corporation (BRCM)
- Texas Instruments Incorporated (TXN)
TEN’s favorite stock chart – by far – belongs to NVIDIA Corporation (NVDA). The interactive graphics chip maker’s stock price just exited the topside of a seven month consolidation pattern – a.k.a. a rectangle.
The longer the price is trapped in the box, the more powerful the move tends to be post-breakout. With NVDA’s moving averages accelerating upwards, and volume characteristics that suggest institutions are piling in, TEN envisions NVIDIA trading near $20 within the next 3 to 6 months.
To protect downside, we would consider a stop a hair below $13.
ETF X-Ray: A Graphic Display of Performance is an article from: 
