Industries that rock

According to Yahoo! Finance, the following industries are tops when it comes to Quarterly Earnings growth (% year-on-year):

1. Farm products - 1317.30%
2. Drugs wholesale - 843.19%
3. Broadcasting-radio - 587.64%
4. Agricultural Chemicals - 427.56%
5. Marketing Services - 350.15%
6. Internet Software and Services - 256.19%
7. Semiconductor Specialized - 249.04%
8. REIT - residential 246.55%
9. Farm/Construction Machinery - 168.96%
10. Music Video Stores - 155.75%

Now, when I looked at Longterm growth rate (5years), this is what I saw:

1. Internet Service Providers - 40%
2. Dairy products - 28%
3. Recreational Goods, Other - 27.50%
4. Pollution and Treatment - 27.25%
5. Auto Parts Wholesale - 24.36%
6. Internet Information providers- 23%
7. Biotechnology - 22.87%
8. Medical Instruments and Supplies - 22%
9. Drug Manufacturing Other - 21.96%
10. Health Care Info Services - 21.50%

The two lists are in contrast to one another. The first looks at the past year, while the second attempts to predict the future.

The first step I could do is to look at the above industries and find out something I believe I can understand and try to pick a stock or two that are leaders in their industries. See what happens.