Nasdaq Hot Stocks! (AKAM, NFLX, CSTR, BIDU, SNDK)

This past month was the worst May for the S&P 500 in nearly 50 years. Between May 3rd and June 1st, the S&P fell 9.77%. Volatility has been very high and the global markets continue to be plagued by uncertainty and anxiety. It has not been all bad news, however, as a number of stocks have been rocketing higher despite the steep sell off. Many of these companies have exposure to the internet. Among the very hottest stocks on the Nasdaq exchange right now are Akamai Technologies AKAM, Netflix NFLX, Coinstar CSTR, Baidu BIDU, and SanDisk SNDK. On almost any time horizon over the last year, these stocks have been terrific buys. Akamai (AKAM) has gained 95% over the last 52 weeks, and 7% in the last month alone. In today's session, the stock has added another 3.22% to $42.60. Netflix (NFLX) is up 173% in the last year, and over 100% in 2010 alone. The shares are now trading at $110.85. Coinstar (CSTR) has surged more than 86% over the last 52 weeks, and an incredible 21% in the last month alone. During today's session, the stock is up 4.89% to $57.73. CSTR still only has a market cap of $1.83 billion, so continued growth seems likely. Baidu (BIDU) has been a tremendous performer, jumping 164% over the last year and 7.15% in the last month. BIDU shares are currently trading at $75.89. SanDisk (SNDK) is up 205% over the last year, and nearly 60% year to date. During today's session, SNDK has fallen 0.43% to $46.23. With the exception of CSTR, all of these companies have heavy exposure to the internet. Although all of these stocks would be considered risky, traders and investors looking for growth and willing to roll the dice and ride the strong uptrends in these names could be rewarded handsomely.