Ignore Trump and Biden; This Tech Stock Is a Buy No Matter Who Wins

The outcome of the 2020 U.S. presidential election could potentially have a profound effect on many publicly traded companies. The winning candidate has some influence over how many companies operate domestically as well as their international prospects.

One company on a path toward expansion regardless of the election outcome is Square (NYSE: SQ). The fintech industry has prospered under both Democratic and Republican presidents. Moreover, trends both within and beyond the company should bolster Square stock regardless of who is president for the next four years.

Square plays well into one trend: the growing cashless society. Whether the public will eventually abandon cash altogether is a matter of debate. Nonetheless, an ever-growing percentage of consumers and businesses are collecting and spending money electronically in increasing amounts.

Source Fool.com