What happened 

Shares of Zoom Video Communications (NASDAQ:ZM), Square (NYSE:SQ), and DocuSign (NASDAQ:DOCU) jumped 7.1%, 8.1%, and 12.8% on Wednesday, as investors began to weigh the results of the U.S. elections.

So what

With Democratic candidate Joe Biden looking increasingly likely to become the new U.S. president, investors are likely factoring in the possibility of more and stricter social distancing guidelines. This could bode well for Zoom and DocuSign, as the video communications platform and e-signature leader would continue to enjoy booming demand for their services in such a scenario.

A person is pointing to a digital chart containing several upwardly sloping lines.

Investors bid up shares of many growth stocks on Wednesday. Image source: Getty Images.

Investors may also be pricing in the likelihood of a larger economic stimulus package under a Biden presidency. Much of this stimulus money would likely go to small businesses and consumers, which comprise the majority of Square's customers and end users.

Now what 

While a Biden victory would probably benefit Zoom, Square, and DocuSign, all three of these growth stocks have performed very well with President Trump in office, so they're not dependent upon any particular political outcome. This helps to lessen the risk for investors.

Moreover, Zoom, Square, and DocuSign are all poised to profit handsomely from powerful long-term trends -- such as remote work and e-commerce -- which should help fuel their growth for many years to come.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.