If you take a gander at recent index figures for the ASX, you’ll notice a couple of sectors are clear stand out performers. The usual suspect, resources, is making ridiculous gains all the time. But, as a sector, Australian small cap stocks are currently enjoying their own expansionary phase.

Hot stocks

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D’Amato categorises Stock Doctor’s best "hot stock" candidates for this year in the following fashion:

best small-cap stock, Strike Oil (ASX code: STX);

best micro-cap stock, North Queensland Metals (NQM);

best income stock, Telstra (TLS);

best engineering stock, Monadelphous (MND);

best retail stock, Wotif.com (WTF);

best financial stock, Westpac (WBC);

best healthcare stock, CSL (CSL);

and best IT stock, Reckon (RKN)

Links Related:

Emerging companies- Speculative stocks- Small company stocks