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.
"An Obama presidency would likely mean more to the alternative energy industry than any other factor to date; to benefit from an Obama victory, we would buy Market Vectors Global Alternative Energy (NYSE: GEX)," says Paul Tracy, editor of The Street Authority Market Advisor.
"Obama's 'New Energy for America' plan will aim to put 1 million plug-in hybrid cars on the roads by 2015, reduce greenhouse gas emissions by 80% by 2050 and ensure 25% of our electricity comes from renewable sources by 2025.
"Obviously, to enact such a bold plan would take a massive investment and mean billions for companies involved in the still-fledgling alternative energy field.
"And while investors can certainly pick and choose between individual companies with exposure to the sector, several ETFs have popped up that offer broad exposure to the industry. In particular, I like Market Vectors Global Alternative Energy.
"With this ETF, shareholders have a healthy stake in hydroelectric power generators, solar cells, as well as some exposure to gasoline alternatives such as ethanol and fuel cells.
"GEX shies away from micro-cap companies with unproven business models and loads up on larger, more-established players -- more than half of its assets are invested in companies with market caps of $6 billion or greater.