Risk is high for a downturn in the market for the next few months but patience and maintaining exposure to the strongest players will be rewarded

My favorites right now (in order of preference) are:

Big positions*
Google (still the most exciting company in the world and offers the best exposure to the growth of the internet and future growth in computing in high technology such as genetics),
Whole Foods [combines natural, healthy food with indulgence and a somewhat ethical, feel-good culture; It is the best (alternative) grocer in North America].

Next best
Powershares DB Agriculture (offers exposure to corn, wheat, soybeans, and sugar futures.
Apple (exposure to the future of personal computing, net media and gadgetry),
Microsoft (it's still the king of software and will benefit with the growth of the net and computing).

More risky favorites (and thus smaller positions)
China Life Insurance (offers great exposure to the mainland Chinese stock markets),
New Oriental Education (private education company in China),
CDC Corporation (enterprise software, mobile apps, and digital gaming in China),
Shanda Interactive (innovative digital game company in China),
Echelon Corporation (makes power grids more efficient, saving energy and money).

There would be others, but I choose to stay away from heavy industry, mining, pharmaceuticals, biotech, and companies whose business is primarily military contracting. My favorites also preclude companies, sectors, industries, and countries I don't understand well enough.

*With big positions come big risk.