"The last time I focused on commodities was back in 2009 when the recovery was piecing itself together. Now, most of the pieces of the recovery are in place, with the notable misfits being job creation and home values," notes Jim Lowell, a leading specialist on Fidelity funds.

The editor of Fidelity Investor explains, "Today, commodities are in increasingly short supply as increasing global consumer demand, geopolitical disruptions, and even Mother Nature have taken their toll on the supply of goods and services.

"We own a healthy dose of Fidelity Select Healthcare (FSPHX) in each of our model portfolios," says fund expert Jim Lowell.

The editor of Fidelity Investor explains, "Manager Eddie Yoon and I caught up this month. His command of the sector and his growth-oriented discipline continue to serve us well on both our risk-adjusted and real return fronts/

"Of course, healthcare (representing nearly 16% of our total GDP) is unlike any other sector in the S&P. It is so diversified and global, so interrelated to technology, manufacturing, and R&D, so dependent upon delivering real goods and services for consumer consumption, that it is almost an economy unto itself.

"Our annual 'Hot Hands' feature is a simple strategy: buy whichever fund has performed best in the previous year and hold onto it throughout the upcoming one," says fund expert Jim Lowell.

The editor of Fidelity Investor explains, "Over the long haul this strategy has delivered hedge fund-like gains without any of the hedge fund snafus.

"Buying the Hot Hands fund doesn't guarantee you are going to beat the index every year. That's worth repeating; this strategy has not beaten the market every year.

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.

"My 2011 stock market 'top pick' would be a 4-fund growth portfolio," suggests Jim Lowell.

The editor of Fidelity Investor explains, "This would include a 30% position in Fidelity Focused Stock (FTQGX) and 30% in the iShares Dow Jones US Index (IYY), coupled with 10% in ProShares UltraShort 20+ Year Treasury (TBT) and 10% in Fidelity Floating Rate High Income (FFRHX).

Fund guru Jim Lowell has chosen Fidelity Select Health Care (FSPHX) as his latest spotlight fund of the month; the editor of The Fidelity Investor explains, "The fund continues to be a clear market overweight position for our fundamentally-driven portfolios.

"So far this year, manager Eddie Yoon is returning a shade less than that of the S&P 500; but I don't double him or my premise for holding his fund.

"Not often discussed, all bonds have at least some interest-rate risk. And by and large, a bond or bond fund's risk is adequately measured by its stated 'duration'," says fund specialist Jim Lowell.

The editor of Fidelity Investor explains, "Even risk-free Treasury bonds do have market risk: they may not have any risk of default, but their prices are bid lower whenever interest rates are rising. In fact, the biggest risk to most types of bonds comes from higher interest rates.

"Interest rate risk hasn't been much of a concern since the end of the last rate hike binge back in 2006. However, it's the things we've forgotten to be concerned about which can bring the greatest downside surprises. There is now certainly a lot more room for rates to go up than for rates to go down.

"After one of the most remarkable market rallies since the Great Depression and on the heels of one of the worst market double dips, belief in better days has turned into a demand for proof of them," says fund specialist Jim Lowell.

In his The Fidelity Investor, the advisor looks to his latest our Spotlight Fund -- Fidelity Health Care (FSPHX), which he believes is well positioned for both its offensive and defensive qualities

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

While many have jumped on the gold bandwagon, Jim Lowell is taking the opposite approach, selected a bearish gold fund as a top pick for the coming year.

The editor of The ETF Trader looks to Proshares UltraShort Gold (GLL); should gold bullion decline in value, this 2X leveraged fund would be expected to rise twice as much.

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

Jim Lowell is a long-standing expert on mutual funds, which a noted specialty regarding the Fidelity family of funds.

In his The Fidelity Investor, he looks to Fidelity Select Health Care (FSPHX) as his top investment idea for 2010. He suggests, "Investors looking for a one-stop health care shop should pick this option."

"We're seeing tremendous opportunities in China, which should move up regardless of U.S. market gyrations," says Richard Schmidt. In Stellar Stock Alert, he offers his current favorite China plays.

In addition, Jim Trippon, editor of The China Stock Alert, discusses the latest addition to his model portfolio, China's largest life insurance company -- and one with large exposure to Chinese equities.

And finally, fund expert Jim Lowell -- editor of Fidelity Investor -- says, "Investors should be buying Chinese stocks, Hong Kong real estate and Taiwanese technology." He offers some favorite funds for China region exposure.

"Inflation protected bonds hold an interesting hybridized place among Fidelity's bond fund lineup," says Jim Lowell in his Fidelity Investor. Here's the fund advisor's look at Fidelity Inflation-Protected Bond Fund (FINPX).

"When fear of recession (and fear while in recession) hold the upper hand, they behave more like longer-term Treasuries.

"When fear of inflation rises, and long term Treasuries go into a tailspin, these bonds benefit from their inflation protected top spin. "Right now, after the strongest general market rally since the Great Depression, things feel less gloomy (even though they still look relatively dicey).

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"As we head into 2009's turbulent waters, it will take two oars to keep a straight course; as such, for my top pick for 2009, I am selecting a pair of ETFs," notes fund expert Jim Lowell.

In his Marketwatch ETF Trader, the advisor explains, "iShares Dow Jones U.S. Total Market (NYSE: IYY) covers the market broadly, while WisdomTree International Small Cap Dividend Fund (NYSE: DLS) has a more focused manner."

"Buying the broader market in 2008 was a sucker's bet; make that a sucker punch. But in 2009, it's neither an act of courage nor a fool's errand to 'buy the market.'

"After all, the likelihood of the markets selling into oblivion has arguably been priced into current levels, making the total market a deeply discounted stream worth stepping into in 2009.

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

As his top pick for 2009, Jim Lowell -- in his Fidelity Investor newsletter -- opts for a pair of funds that together offer broad market coverage: Fidelity Focused (FTQGX) and Fidelity Low-Priced (FLPSX).

The advisor explains, ""These two fund picks reflect a balanced mix of both offense and defense -- using two managers with decidedly different approaches and investment styles.

"At Fidelity Investor we always 'Buy the manager, not the fund!' Our proprietary manager rankings consistently list Stephen DuFour -- manager at Fidelity Focused Stock -- as a top ranked stock picker (based on his ability to persistently lose less in the downdrafts and consistently outperform on the upside).

"And while losing significantly less than the S&P 500 was 2008's benchmark for success, 2009 is shaping up to be a more balanced trade sheet where I think gains will likely win out.

"DuFour normally invests in 30 to 80 stocks at any one time. His stock picks hold no allegiance to either a simple style box or a singular capitalization range.

"The new administration will likely soon launch a new spending program to put people back to work and boost the economy," says Jim Powell, adding, "That's even more likely now that the financial crisis is in full swing and growth is declining."

In his Global Changes & Opportunities Report he looks at General Cable (NYSE: BGC) as a play on the rebuilding of the nation's electric power grid.

"Politicians at all levels have also voiced strong support for rebuilding our woefully inadequate infrastructure. Because building roads, bridges, electrical grids, and so on, will employ many voters, I think allocations for such projects will go to the top of the government's spending list.

"That's especially true since infrastructure projects will also funnel billions of dollars to state and local governments that are facing hard times. All in all, modernizing the the electric power grid should be another very pro?table long-term investment.

"I believe the most promising beneficiary of the electric power project will be General Cable. The company produces products for a wide variety of applications including large cables for long distribution networks.