"Walgreen (WAG) a holding on our recommended buy list, reported a 10% increase in its fiscal second-quarter profit," notes Geoffrey Seiler.

The editor of BullMarket.com explains, "Although investors hammered the stock, we think the company delivered solid sales growth. We continue to believe the best is yet to come for Walgreen, with several notable catalysts in the wings.

"It's not too often that a company lowers its guidance and the stock rises, but such is the case with FedEx (FDX)," says Geoffrey Seiler.

The editor of BullMarket.com explains, "The company cut its fiscal Q3 guidance; but given the terrible weather, which impacted a number of airports across the U.S. and Europe, and higher fuel costs, it was largely expected.

"The package delivery firm now expects to produce adjusted EPS of 70-90 cents, down from prior guidance of 95 cents to $1.15. Analysts were expecting EPS of $1.04 for the quarter.

"Microsoft (MSFT) recently released its fiscal second-quarter results; we felt results were really quite strong, with solid gains in most segments and good cost discipline," says Geoffrey Seiler.

The editor of Bullmarket.com explains, "If these results were from another company, the stock likely would have gotten a lift. But Microsoft is the Rodney Dangerfield of companies: it doesn't get the respect it deserves.

"Microsoft reported net income of $6.63 billion, or 77 cents per share, compared with $6.66 billion, or 74 cents per share, in the year-ago period. Sales grew by 5% to $19.95 billion from $19.00 billion.

"By now, everyone probably knows that Apple (AAPL) CEO Steve Jobs will be taking another medical leave of absence," says Geoffrey Seiler.

The editor of BullMarket.com explains, "We'd use the weakness in Apple shares to accumulate the stock. The last time Job took medical leave was in 2009 when the stock was trading in the mid $80s.

"Chief Operating Officer Tim Cook will take over the day-to-day operations while Jobs is on leave. Cook previously filled in for Jobs in 2004 when Jobs was battling pancreatic cancer and in 2009 when Jobs was recovering from a liver transplant.

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.

"Our top pick for 2011 is natural gas producer (RRC), which is on our recommended buy list," says Geoffrey Seiler.

The editor of BullMarket.com explains, "With natural gas prices depressed, we think now is the time to buy low, and Range is one of the best-positioned companies in the natural gas sector, both in terms of growth, assets, and being a low-cost producer.

"We will leave the debate over the relative morality of the cigarette business to others," says Geoffrey Seiler, adding "Our view is simple: it is a legal product and Philip Morris International (PM) is one of the best operators in the segment."

The editor of BullMarket.com explains, "The Philip Morris value creation model is easy to understand. While organic volumes are still slipping, the tobacco industry continues to have great pricing power.

"Thus the simple formula for the company is to raise prices, use its prolific cash flow to buy back shares, make some accretive acquisitions, increase the dividend, and repeat.

"Berkshire Hathaway class B (BRK.B) recently made waves when the conglomerate announced that it had hired hedge fund manager Todd Combs to take over a 'significant portion' of its huge investment portfolio," notes Geoffrey Seiler.

The editor of BullMarket.com explains, "Nevertheless, the stock remains a a buy on our Recommended List. Here's a look at the situation.

"Berkshire CEO Warren Buffett, of course, is considered one of the top investment managers of all time. However, the Oracle of Omaha is now 80 years old, and he won't be around forever.

"After trading higher following its past nine quarterly earnings reports, investors finally found a reason to be disappointed in Apple (AAPL); however, despite the negative investor reaction, it was still an outstanding quarter from the tech giant," says Geoffrey Seiler.

The editor of BullMarket.com report, "Apple reported a fiscal Q4 profit of $4.31 billion, or $4.64 a share, up 70% from $2.53 billion, or $2.77 cents a share, a year ago. Revenue soared 67% to $20.3 billion. The results easily surpassed the analyst consensus of $4.08 in EPS on sales of $18.9 billion.

"One area of contention with investors was gross margins, which fell to 36.9% from 41.8% a year ago. Analysts were looking for gross margins of 38.1%. However, gross margins were 190 basis points above Apple's own guidance.

"Kaufman Brothers was recently out with a note on Apple (AAPL) -- a long-term holdings on our Recommended List -- with analyst Shaw Wu upgrading his price target to $374 from $350," notes Geoffrey Seiler.

The editor of BullMarket.com, explains, "The biggest reason for Wu's upgrade was the continued momentum of the iPad. The analyst has a "buy" rating on the stock.

"He said, 'In sum, our sources indicate that iPads are likely to surprise on the upside due to better availability of screens and continued strong demand. Our analysis indicates that this alone is enough to drive significant upside to consensus estimates.'

"Philip Morris International (PM), a holding on our Recommended Buy List, has caught fire with investors this summer, recently hitting a 52-week high," says Geoffrey Seiler.

The editor of BullMarket.com explains, "The company's CFO, Hermann Waldemer, was recently at an investor conference in New York, and below, we review his presentation and comments for this update on how the cigarette business has been doing outside of the U.S.

"Cree (CREE) is a leading provider of light-emitting diodes (LED) and related technology; in my view, the company is in an excellent position to benefit from the "Green Revolution" taking place in the lighting industry," says Geoffrey Seiler.

The editor of BullMarket.com explains, "Operationally, the Durham, North Carolina-based company delivered solid results for the quarter ended June 27th, which was its fiscal fourth quarter of 2010.

"The company announced last night that it earned $52.8 million, or 48 cents per share, up from $9.7 million, or 18 cents per share, in the year-ago period.

"Intel (INTC) announced exceptionally strong second-quarter results, blowing past Wall Street's consensus estimate; the company, in fact, reported the biggest quarter in its 42-year history and offered a bullish outlook," says Geoffrey Seiler.

The editor of BullMarket.com explains, "The driver for Intel was that its corporate customers have finally started to loosen the purse strings again and are looking to upgrade their IT hardware and business PCs.

"'Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history,' Intel CEO Paul Otellini said in a statement.

"With the market under a lot of pressure the past couple of weeks, we wanted to just revisit an article we wrote in August 2008 about having a game plan going into a market dip; at the time, we laid out four investing tenets to help deal with a market dip -- and we feel they are once again particularly relevant for investors to consider," says Geoffrey Seiler.

The editor of BullMarket.com adds, "We're also going to do some buying on the market's weakness; first, we're going to step up and add Cisco Systems (CSCO) to the Recommended List.

"Garmin (GRMN) is a one-time high flyer that lately can't seem to catch a break from investors who are convinced its personal navigation devices (PNDs) are going the way of the Tyrannosaurus Rex," asserts Geoffrey Seiler.

The editor of BullMarket.com explains, "Nevertheless, investors might want to look at its solid balance sheet, large cash position, and overlooked but growing marine, aviation, and sports businesses."

"Children's clothing retailer Gymboree (GYMB), a new holding on our Recommended List, just recently reported a solid fiscal fourth quarter," reports Geoffrey Seiler.

The editor of BullMarket.com explains, "Better yet, the company offered fiscal Q1 guidance that exceeded Wall Street's outlook and separately announced a franchise deal with a Middle Eastern-based company to launch the Gymboree brand in Dubai, Saudi Arabia, the United Arab Emirates, and other states in the region over the next five years."