For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"We have chosen Cisco Systems (NASDAQ: CSCO) as our favorite for 2008," says Jim Farrish, editor of Sector Exchange.

"Looking into 2008, one area we like is technology, and one of the stronger sub sectors has been the internet. It is important to note the build-out of the internet is not done. Content is still being created at a rate no one can fathom and technological advances continue to explode.

"This brave new world comes with the ability to provide internet video downloading at a rate that will excite and attract users like never before. Why? First, the ability to increasingly compress data and more effectively use bandwidth and second, the expanding infrastructure of the internet.

"While the sector has struggled since the negative Cisco earnings announcement in November, we see opportunity in this downward move. If we consider the reason for the decline, we find it wasn't fundamental; it was judgmental.