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.

Just when I thought commodities were becoming the new new thing, cable TV tuned in returns to top our list of hotheads this week. Broadcasters such as Comcast (Nasdaq: CMCSA  ) and Time Warner Cable (NYSE: TWC  ) are, as a group, up 23.2% over the past 30 days.

Taiwanese firms were sizzling in second, up 18.2% since mid-February, while Zinc miners, the lone commodities contestant, performed well in third, up 17% over the same period.

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:

Company

CAPS Stars

No. of CAPS Ratings

%Bulls

30-Day Price Change

Chunghwa Telecom (NYSE:CHT)

*****

229

99.1%

15.7%

Net Servicos de Comunicacao (NASDAQ:NETC)

*****

287

98.9%

(15.3%)

Lundin Mining (NYSE:LMC)

*****

733

98.5%

(6.9%)

Sterlite Industries India (NYSE:SLT)

*****

824

98.4%

(4.8%)

Sources: Motley Fool CAPS, Yahoo! Finance, as of 3/10/08.

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

Company

CAPS Stars

No. of CAPS Ratings

% Bears

30-Day Price Change

Mediacom

*

73

79.5%

(13.8%)

Cablevision Systems (NYSE:CVC)

*

90

46.7%

(8.9%)

Sources: Motley Fool CAPS, Yahoo! Finance, as of 3/10/08.

My favorite this week is Sterlite Industries of India, a Global Gains pick. Excerpting from Bill Mann's thesis in the September issue:

Sterlite controls a mammoth share of India's copper, zinc, and aluminum markets, specifically: 42% of the country's copper market; 64% of Hindustan Zinc Ltd. (HZL), India's only integrated zinc producer, which controls 61% of the domestic zinc market; 51% of Bharat Aluminium Co. Ltd. (BALCO), which has a 25% share of India's aluminum market.

More impressive than that market share is the amount of construction under way in India and the remainder of the developing world. Let's take just one example: Sricon, which, among other things, aids in developing cement and steel plants, has a $195 million backlog for construction on the subcontinent.

How massive is that? Larsen & Toubro, India's top engineering and construction firm, made news around the globe when it won an $18 million contract to establish offshore facilities for the state-run Oil and Natural Gas Corp.

So, yeah, there's plenty of demand for metals in the developing world. Surely Sterlite will be happy to supply these and other firms like them. As CAPS investor skuby put it last week:

Metals In India? Hot commodities? This is the only sector that has been stable or going up. I think may reach at least $30/per share by looking at the market and company fundamentals.

I agree. But I'm more interested in what you think. Would you buy Sterlite Industries at today's prices? 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:


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