This post is part of Japan: A Special Report for Investors.

"Japan's tsunami has struck worldwide," says Richard Moroney, the editor of Dow Theory Forecasts, which has maintained a model portfolio of blue chip stocks for over 50 years.

Here, he reviews a number of the top buy recommendations in the newsletter's portfolios to determine the potential risk posed by the recent tragic developments in Japan.

Stocks cited as "Focus List Buys" are are those issues that the service expect to significantly outperform the market over the next 12 months.

"Buoyed by strong operating momentum, the technology sector earns high marks in our Quadrix® stock- rating system," says Richard Moroney.

The editor of Dow Theory Forecasts explains, "Our favorite picks in the tech sector -Altera (ALTR), Apple (AAPL), IBM (IBM) and Texas Instruments (TXN) - share some favorable qualities.

➤ December-quarter results: All four topped consensus estimates, producing double-digit growth in per- share profits. Revenue also exceeded expectations.

"On our proprietary Quadrix® rating system, ExxonMobil (XOM) has steadily advanced over the past year," says Richard Moroney.

The editor of Dow Theory Forecasts explains, "Out of a possible 100, the oil giant earns an Overall score of 96 -- compared to just 51 in January 2010. As such, we rate the stock a long-term buy.

"Meanwhile, the shares recently rallied to their highest level since January 2009 after Exxon said it earned $1.85 excluding special items in the December quarter, up 46% and $0.22 above the consensus estimate.

"About 3,600 companies trade on exchanges operated by NASDAQ OMX Group (NDAQ), where an average of 8.8 billion shares changes hands each day," says Richard Moroney.

The editor of Dow Theory Forecasts explains, "The company controls about two-thirds of trades involving NASDAQ securities and half of NYSE securities. It also holds about one-third of the U.S. options-trading market.

"Over the last five years, NASDAQ's revenue rose at an annualized rate of 32%, with operating cash flow up 43%.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Buckeye Technologies (BKI), a leading maker of specialty cellulose-based fibers, represents a top pick for 2011" suggests Richard Moroney.

The editor of the small cap, growth stock focused Upside Stocks Newsletter explains, "The stock earns a quantitative ranking of 98 which means it scores better than 98% of the 5,000 companies we screen.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Aflac (AFL) represents a top year-ahead pick based on its solid operating momentum and modest valuation," says Richard Moroney.

The editor of Dow Theory Forecasts explains, "In our proprietary ranking system (known as Quadrix), the stock earns an Overall score of 99.

"Research firm Gartner recently projected PC shipments would rise 14% this year and 16% next year, down from a September forecast of 18% growth in both periods," notes Richard Moroney.

The editor of Dow Theory Forecasts explains, "Intel (INTC), which provides microprocessors for 81% of PCs, is highly dependent on computer sales. However, the semiconductor giant's share price already reflects plenty of pessimism.

"Because major U.S. pharmaceutical companies face patent expirations on blockbuster drugs, consensus earnings expectations for the group are modest," says Richard Moroney.

The editor of Dow Theory Forecasts explains, "One exception is Abbott Laboratories (ABT); Wall Street expects to increase earnings at a 10% annual rate over the next five years.

"Yet the market appears to discount that outlook, and the stock's price/earnings-to-growth ratio (PEG) of 1.2 is well below its peers.

"Considering that the 73 utility stocks in the S&P 1500 Index combine to represent just 4% of the index's market value, they certainly occupy a big place in the hearts of investors," notes Richard Moroney.

The editor of Dow Theory Forecasts -- a newsletter that has been published for nearly 60 years -- explains, "Here, we offer a diversified 12-stock utility portfolio, as well as our top utility choice for investors who only wish to buy one stock in the sector.

"While gold prices have surged 90% since year-end 2006, shares of Newmont Mining (NEM) still trade below their 2006 high of nearly $63 per share," observes Richard Moroney.

The editor of Dow Theory Forecasts, a blue-chip focused newsletter that has been published since 1946, explains, "Newmont generates more than 80% of its revenue from the sale \of gold, and the metal's recent strength has pushed earnings and cash flow sharply higher. As a result, the stock has seldom looked better under our "growth-at-a-good-price" approach.

In the wake of the incredible volatility of recent days, we turn to several leading financial newsletter advisors, asking "Where's the market going from here?"

Here's an updated assessment -- as well as some select investment ideas -- from Elliott Gue, Richard Moroney, Nicholas Vardy, Keith Fitz-Gerald and Mike Cintolo.

We begin with Elliott Gue, editor of The Energy Strategist, who asserts, "Don't panic. Selling into a panic-driven market is one of the worst and most costly mistakes you can make as an investor. I do not believe the fundamentals justify the downside in my recommended stocks, nor do I see this ballooning into an outright crash or collapse.

"Under the direction of the swashbuckling CEO Larry Ellison, Oracle (ORCL) has grown into the biggest player in the $19 billion database market," says Richard Moroney.

The editor of Dow Theory Forecasts -- a newsletter that has been published for over 50 years -- he explains, "Ellison enjoys baiting his competition. In March, he mocked SAP. for its recent turnover at CEO; and last fall he issued a direct challenge to IBM in a full-page ad in The Wall Street Journal.

"Everybody on Wall Street is looking for an edge. Our Quadrix® rating system is our edge, and we're always looking for ways to enhance its effectiveness," says quantitative analyst Richard Moroney.

In his Upside newsletter, he explain, "Among the best enhancements we've discovered focuses on the volatility of Overall Quadrix scores. Stocks with a history of steady Overall scores tend to have steady scores going forward. Below we look at two such stocks with strong and stable Quadrix scores."

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

Dow Theory Forecasts is one of the most venerable players in the financial newsletter community; the service has been published continuously for well over five decades.

Editor Richard Moroney looks to BMC Software (BMC) as his top pick for 2010. He explains, "BMC develops products that run corporate data centers, which house critical computer systems."