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, makers of medical diagnostic equipment topped the hotheads. Not this week. LED lighting manufacturers, such as Cree (NASDAQ:CREE), have become a beacon for investors, with a 24.5% average gain for the group over the past 30 days.

Who are the other hotties? Have a look:

• Subrpime lenders have climbed out of the basement and into the second spot, returning 22.5% as a group since the middle of May.
• And in third is a smelly new entrant: fertilizer makers, which are up 20.4% as a group over the past month.

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 6,103 out of more than 30,300 rated players in CAPS, didn't own shares in any of the companies mentioned in this story at the time of publication. Tim's portfolio 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 Motley Fool's disclosure policy is hotter than city asphalt in the summer heat.