A Biden Presidency Should Ignite AVAV And These Two Other Stocks

I spent months before the election ignoring pundits who predicted catastrophic market crashes should the "wrong" party win the 2020 election.

But, as I know they would, those predictions turned out to be so much hot air. The truth is a Republican victory would have been a bullish catalyst for one corner of the market, and a Democratic victory a bullish catalyst for another.

The close finish, which I saw coming but many of those pundits didn't, makes all the difference. The stock market loves a divided government, wherein neither party gets to run the board on policy – particularly taxes and spending.

The outcome, along with news of two effective coronavirus vaccines around the corner, has sparked a massive rally, particularly in tech stocks. The Nasdaq Composite, the market's home of tech, has notched a better than 1,000-point gain since its October pre-election 30-day lows.

Of course, the past two administrations have presided over incredibly powerful, profitable tech-sector growth; the Nasdaq Composite has soared some 600% since January 2009.

Given the central, critical role tech is going to play in enduring the pandemic, recovering from it, and moving on during Biden's tenure, the next four years could be even better than the last 12.

They could be some of the most profitable years ever for tech investors, and here's how I recommend we get started…

White House Tech Priorities from Now Until 2024

As unpleasant as it is to imagine, the pandemic's economic impact could have been worse – if it weren't for the technologies that enabled around 70 million workers to do their jobs remotely and millions more to isolate in lockdown while staying connected.

This has caused a likely permanent shift in the demand for tech like cloud computing and videoconferencing, transforming companies like Zoom Communications Inc. (Nasdaq: ZM) from obscure firms to household names overnight – with a corresponding impact on stock prices.

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