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Filed under: Newsletters, Stocks to Buy, Best Stocks for 2009

This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.

"My top stock for 2009 is EZChip Semiconductor Ltd. (NASDAQ: EZCH)," says Paul McWilliams in Next Inning technology newsletter. Indeed, the advisor believes the chip stock could double in 2009.

Over the past several weeks, the markets have sobered up to the unpleasant reality that the implosion of the twin bubbles of residential real estate and credit is still an ongoing phenomenon and remains a primary risk to the economy. As the likelihood for a second half recovery diminishes, the prospect for softer economic growth, if not outright recession, has weighed on the outlook for corporate earnings and stock prices. The challenge for investors in this environment is to find those companies with earnings that are most resilient to a weak macro-economy.