NEW YORK ( TheStreet) -- The 30 stocks in the PHLX Semiconductor Sector Index (^SOX) were the biggest percentage gainers in the first half of 2013. The SOX continued higher after the five major averages peaked on May 20/May 22 setting a new multi-year high at 482.06 on June 19, up 25.5% on the year at that time. Tuesday's close had the SOX up 20.4% year to date versus 11.3% for the S&P 500 and 10.9% for the tech heavy Nasdaq.Fundamentally the stock market remains under a ValuEngine valuation warning with 68.7% of all stocks overvalued. We still show that 15 of 16 sectors are overvalued, 12 by double-digit percentages. We also show that 31.0% of all stocks are overvalued by 20% or more.
Semiconductor Stocks Lead First-Half Performance Leaders
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