"Chip stocks have always been tough to invest in, as the group has vicious ups and downs," observes Mike Cintolo.

Nevertheless, explains, the editor of Cabot Top Ten Weekly, "Nvidia (NVDA) is one of the hottest stocks out there because investors think it might have the next big thing in the chip world-dubbed Tegra 2.

"Despite the volatility in the chip sector, history shows that many chip firms can produce huge gains if they have a unique new product that's serving a mass market (or, sometimes, a new market ... like camera cell phones back in the early 2000s).

"The visible growth story at Jazz Pharmaceuticals (JAZZ) is the narcolepsy treatment Xyrem, which accounts for 85% of revenues," says growth stock specialist Mike Cintolo.

The editor of Cabot Top Ten Weekly Report explains, "But Jazz has great potential to make big money with other drugs too-all of which focus on the chemistry of the brain.

"Thanks to patents, Jazz has a decade to run with Xyrem before generic competitors can enter the market. Meanwhile, its drugs have potential to treat and/or cure obsessive-compulsive disorders, anxiety disorders, fibromyalgia, epilepsy and restless leg syndrome.

"We have a bent towards growth companies, with new products or services that are producing major sales and earnings growth; nevertheless, we're also students of the market, and we believe that the recent 're-IPO' at General Motors (GM) provides a big opportunity for investors," says Mike Cintolo.

The editor of Cabot Market Letter explains, "Granted, we're not going to predict that the stock is going to triple or quadruple; we're talking about a company with well over $100 billion in annual revenue.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"To choose my top stock pick of the year, I looked for new stocks (recent IPOs are usually under-owned by institutions, which can help the stock price) with big ideas," says Mike Cintolo.

The editor of Cabot Market Letter explains, "It's hard to find an idea much bigger than RealD (RLD), a play on the popularity of 3D movies.

"The latest employment report was a downer, with the U.S. unemployment rate ticking up to 9.8%. And the job market remains sluggish in many areas overseas as well," notes Mike Cintolo, who asks, "So why is an online employment and recruitment stock like Monster Worldwide (MWW) doing so well?"

The editor of Cabot Top Ten Weekly explains, "The reason is that the market looks ahead and is discounting a pickup in job growth in the months ahead ... and, more importantly, the ability of Monster to take advantage of it.

"Digital cameras have changed the world of photography; one beneficiary is Shutterfly (SFLY), which has succeeded by allowing photographers to share those digital snaps and plaster them onto on all kinds of merchandise," says Mike Cintolo.

The editor of Cabot Top Ten Weekly explains, "When the company was founded back in 1999, its main business was just providing a place for customers to store and share digital photos.

"The company allows photographers to put photos on greeting cards, into photo books, onto calendars, mouse pads and mugs among hundreds of uses. And this new emphasis has re-energized the company's image.

"Royal Caribbean (RCL) has nothing new or revolutionary going for it, but it's one of the strongest stocks in the market," says Mike Cintolo.

The editor of Cabot Top Ten Weekly explains, "With its nearly 40 cruise ships, the stock is a a pure-play on discretionary leisure spending, and its earnings can rise rapidly during improving times.

"And that's what investors are discounting now -- earnings fell from $2.82 per share in 2007 to 75 cents last year, but look set to get back to $2 per share this year and challenge new-high ground in 2011!

"Each week, we assess the technical strength of the market's leading stocks -- highlighting the ten that we consider most favorably situated," explains Mike Cintolo.

The editor of Cabot Top Ten Weekly says, "We continue to see technical strength in both Amazon.com (AMZN) and Apple (AAPL), ranking both stocks in our weekly top ten.

"The truly big idea with Amazon.com is both powerful and easy to understand. This company is quickly becoming the Walmart of e-commerce, offering items in many categories and, importantly, also selling wares from other, smaller merchants.

"Salesforce.com (CRM) remains one of the top institutional-quality plays on the cloud computing movement," says Mike Cintolo.

The editor of Cabot Top Ten Weekly explains, "Cloud computing is a movement that really only gained momentum within the past year, but promises to transform how businesses access their various applications.

"We remain as enthusiastic as ever about the fundamental story for Las Vegas Sands (LVS)," says Mike Cintolo.

The editor of Cabot Market Letter explains, "Investors know the general story, but we feel many are underestimating the potential growth.

"For instance, a few months ago, Sands' Singapore resort (dubbed the Marina Bay Sands) wasn't even open for business, and most analysts were thinking it would have little effect on business for a year or two.

"Green Mountain Coffee (GMCR) has a classic razor and razor blade business; it is involved in a true mass market that the firm is penetrating rapidly, and if management makes the right moves, it could go far," says Mike Cintolo.

The editor of Cabot Top Ten Weekly explains, "The razor part of the story is Green Mountain's Keurig single-serve brewers, which offer consumers a quality cup of coffee at a price far cheaper than picking one up at Starbucks.

"The company offers great variety (there are dozens of coffees, teas and cocoas to choose from, including newer iced teas and iced coffees) and convenience.

"The headline-grabbing iPhone 4 from Apple has generated a lot of buzz, including a wave of interest in Omnivision Technologies (OVTI)," says growth stock specialist Mike Cintolo.

The editor of Cabot Top Ten Report explains, "The company is a designer and manufacturer of tiny cameras that turn smart phones into image recorders. As iPhone sales soar, so does OmniVision, which has been confirmed as the maker of the phone's five-megapixel sensor.

"Each week, we assess the market's strongest stocks and highlight ten that appear to offer the best prospects," explains Mike Cintolo.

The editor of Cabot Top Ten adds, "Below, we offer our fundamental and technical analysis of three technology stocks that meet this criteria: F5 (FFIV), a player in cloud computing; NetApp (NTAP), a leader in networked data storage; and SanDisk (SNDK), the global leader of the solid state flash memory industry.

"In our opinion, Chinese Internet search company Baidu (BIDU) remains the top growth stock in the market," says growth stock investor Mike Cintolo.

In Cabot Top Ten, a newsletter service that each week assesses the market's 10 strongest stocks based on technical performance, he explains, "The big idea with Baidu, of course, is online search in China, an industry that's probably where the U.S. market was back in the mid 2000s, before a few years of mega-growth.

In the wake of the incredible volatility of recent days, we turn to several leading financial newsletter advisors, asking "Where's the market going from here?"

Here's an updated assessment -- as well as some select investment ideas -- from Elliott Gue, Richard Moroney, Nicholas Vardy, Keith Fitz-Gerald and Mike Cintolo.

We begin with Elliott Gue, editor of The Energy Strategist, who asserts, "Don't panic. Selling into a panic-driven market is one of the worst and most costly mistakes you can make as an investor. I do not believe the fundamentals justify the downside in my recommended stocks, nor do I see this ballooning into an outright crash or collapse.