Hot Stocks You're Buying Now

Welcome back to another Foolish review of the hottest stocks as ranked by Motley Fool CAPS. We're looking at the three best-performing industries over the past 30 days and your favorite long and short candidates in each.

Last time, LED manufacturers were lighting the way to superior returns. Not this week. They've dropped two spots to third with a 19.5% average return.

Meanwhile, last week's laggards, fertilizer producers, are tops among today's hot stocks and are smelling sweet to their investors, who have enjoyed a 20.9% average gain over the past 30 days.

And in second? Once again, it's the subprime lenders, who as a group have returned 20.6% since the third week of May.

According to you, our Foolish readers, the best stocks in these industries to own now -- i.e., those with four or five of the maximum five stars in CAPS -- are:

And your favorite short candidates -- i.e., those rated with one or two stars in CAPS -- are:

Do you agree? Disagree? Let us know what you think by signing up for CAPS today. It's 100% free to participate.

Cap off your day with related CAPS Foolishness:

• Go for value.
• Or for growth.
• Or for dividends.
• Or for global gainers.
• Or take a look at Wall Street's wish list.
• Or check out the stocks the funds are buying.

Fool contributor Tim Beyers, who is ranked 5,169 out of more than 30,800 rated players in CAPS, didn't own shares in any of the companies mentioned in this story at the time of publication Tim's holdings can be found at his Fool profile. His thoughts on hot stocks, Foolishness, and investing in general may be found in his blog. The Fool's disclosure policy is hotter than city asphalt in the summer heat.