While hot stocks can sound appealing, most of us can achieve greater & lower risk returns by quickly paying down our debts. Both income and capital gains are taxed, whereas money saved that would have been spent on loan interest payments goes untaxed. And if you have no debts, then when the market crashes at some point you are in a far stronger ecnomic position & can perhaps buy the bottom rather than selling into it!
The following table displays current rates across the consumer economy.
For debt, select between mortgage or auto loans. For savings, select between CDs and regular savings accounts.