McCain stock: Invest in the high-tech value chain Molex

This post is part of a series in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.

"A McCain victory would allow for a first year expensing of new equipment and technology; as such, we would recommend Molex (NASDAQ: MOLX), which is positioned in the technology value chain," says Thomas Vass in The Technology Stock Advisor.

"To provide an immediate boost to capital expenditures and reward investments in cutting edge technologies, John McCain would allow companies to expense the costs of new equipment or technology in the first year.

"High technology value chains -- such as computer and electronic equipment and information services -- are likely to benefit by this economic policy.

"Molex has an international value chain that will benefit greatly from the new policy because its customers will be able to buy technology goods at a much lower cost as a result of the new accelerated tax write-off.

"MOLX meets the Technology Stock Advisor screening criteria and has been in the TSA active portfolio since July of 2006. Standard & Poor's gives MOLX a B rating for quality. Our buy price target is $26. The target sell price is $40."

Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.