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, software stocks were boiling over like pasta in a pot. No longer. With apologies to its neighbor, Japan, China is the new land of the rising sun. Stocks from this red-hot region are up an average of 35.8% over the past 30 days.

Our other hotties are far more mundane, but familiar. Industrial equipment wholesalers drop from second to third with a 31.2% average return. Nickel miners, meanwhile, are up 34.1% since mid-September.

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

Bullish CAPS ratings

Bull ratio

China Fire & Security

(NASDAQ:CFSG)

*****

509

508

99.8%

SORL Auto Parts

(NASDAQ:SORL)

*****

307

305

99.3%

Applied Industrial Tech

*****

117

116

99.1%

T-3 Energy Services

*****

111

109

98.2%

KHD Humboldt Wedag

(NYSE:KHD)

*****

91

90

98.9%

Huaneng Power

(NYSE:HNP)

*****

455

450

98.9%

American Dairy

(NYSE:ADY)

*****

299

295

98.7%

Source: Motley Fool CAPS.

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

Company

CAPS Stars

No. of CAPS ratings

Bearish CAPS ratings

Bear ratio

China Shenghuo Pharma

*

165

90

54.5%

Canadian Solar

(NASDAQ:CSIQ)

*

185

86

46.5%

Source: Motley Fool CAPS.

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:

Fool contributor Tim Beyers, who is ranked 10,018 out of more than 65,000 participants in CAPS, didn't own shares in any of the companies mentioned in this article at the time of publication. Find Tim's portfolio here and his latest blog commentary here. The Motley Fool's disclosure policy is hotter than city asphalt in the summer heat.