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

"Uranium and nuclear power stocks are the most directly impacted by events in Japan. In my view, this isn't the time to sell uranium plays," says Elliott Gue, who continues to recommend Cameco Corp. (CCJ), the leading uranium mining company.

The editor of The Energy Strategist explains, "Investors looking for a road map of what's likely to transpire over the next few weeks should recall the Macondo Oil spill in the Gulf of Mexico in late April 2010.

"The global nuclear power industry is in the early stages of a multiyear growth spurt similar to what the industry experienced in the late 1970s and '80s," says energy sector expert Elliott Gue.

The editor of The Energy Strategist explains, "The nuclear renaissance will generate tremendous wealth for investors over the next few years. Two stocks that will benefit are Cameco (CCJ) and Shaw Group (SHAW).

"The nuclear power industry benefits from both a lack of dependence on imports as well as costs that don't vary excessively with commodity prices.

"Cameco (CCJ) is the 'Superman' of the uranium world; the stock fits with our preference for owning tangible assets - the classic, durable means of wealth creation and preservation," says Chris Mayer.

The conrtributing editor to The Daily Reckoning explains, "Uranium ought to prove a wonderful inflation hedge if our thesis plays out. This is one to buy and sock away for a few years.

"Cameco Corp., based in Saskatchewan, Canada., is the only uranium blue chip. It is the second largest uranium miner in the world, after Kazatomprom. Cameco produced about 20 million pounds last year, or 16% of the world's supply.

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.

"McCain has been a strong supporter of nuclear power and his energy plan calls for building 45 new nuclear power plants in the U.S. by 2030; our pick for a McCain victory is uranium miner Paladin Resources (Toronto: PDN)," says Elliott Gue in The Energy Strategist.

"McCain's plan would represent by far the most significant build-out of nuclear plants in more than three decades. He has an ultimate goal of building 100 new U.S. reactors. America's 104 existing plants account for about 20% of electricity generation.

"The U.S. is not the only country in the world considering a major expansion in nuclear power. Russia, India and China have already committed to a major expansion of their nuclear energy capacity. And nuclear is also enjoying a renaissance in other developed markets such as the U.K. and Italy.

"The main fuel for nuclear plants is uranium. Last year, mined uranium supplies only covered about 64% of global uranium demand; to make up the difference, utilities tapped secondary sources such as stockpiles and reprocessed nuclear warheads.

"But, secondary supplies are expected to decline sharply in coming years and the Megatons to Megawatts program for reprocessing Russian nuclear weapons into power plant fuel ends in 2013. Therefore, mined supply will have to ramp up to meet rapidly growing demand.

"USEC (NYSE: USU) is the nation's leading supplier of enriched uranium for use in commercial nuclear power plants -- in fact, it is the only supplier," notes value investor Nathan Slaughter.

In Half-Priced Stocks newsletter, he explains, "Low-enriched uranium is commonly used as fuel in nuclear reactors, and no other company in the U.S. provides it, giving USEC a dominant position in a key niche market." Here is his review.

"Its competitive advantage? USEC has the single best competitive advantage there is: zero competition -- at least in the United States. While the firm does have a handful of rivals overseas, it has reaped the benefit of being the lone U.S. supplier.

"The company has also been awarded lucrative contracts to perform work for the U.S. Department of Defense.

"The company also benefits from the nation's longstanding nuclear non-proliferation treaty with Russia. Specifically, it participates in the salvaging of old Soviet nuclear warheads under the 'Megatons to Megawatts' program, which essentially gives the firm a sharply discounted source of uranium.

"I predict that 2007 will end with a bang and not a whimper," says global expert Nick Vardy, who predicts a strong a strong fourth quarter global rally.

Meanwhile, in his industry-leading Global Bull Market Alert, he notes, "Canadian mining giant Cameco Corp. (NYSE: CCJ) combines the global commodity supercycle theme with the recent turnaround in the price of uranium."

Vardy explains, "As the world's largest uranium producer -- accounting for around 20% of global uranium production -- Cameco is the closest thing to a blue chip name in what has been one of the hottest sectors in the past few years."

Why? He states, "Blame the law of supply and demand." In 2006, he observes, the world's nuclear reactors used 173 million pounds of uranium. Yet uranium mines only supplied 103 million pounds. The gap, he contends, was met by dwindling U.S. and Russian government stockpiles of weapons-grade uranium from decommissioned nuclear weapons.

"And the supply and demand imbalance likely will get much worse," says Vardy. In the past 12 months, he notes, the number of proposed nuclear reactors has risen by 67% to 256 as governments across the globe turn to nuclear as a way to cut carbon emissions quickly and painlessly.