The current market rally has been very disproportionate and has been dominated by Big Tech. Many top technology companies with the largest market capitalizations have made significant rebounds since mid-2022. Many other businesses have recovered as well, but some have been stuck at bargain-basement levels for months.
I believe scooping up such discounted stocks could lead to triple-digit returns in the coming years as they inevitably recover. You can never go wrong by buying a profitable business with solid staying power. Such companies may have near-term problems right now.
However, time and time again, companies with good margins have proven that the dips are only buying opportunities. Here are seven such deeply discounted stocks to look into right now. PayPal (PYPL) PayPal (NASDAQ: PYPL ) is a leading digital payments platform that enables online money transfers.
The stock is trading at a steep discount compared to its pre-COVID highs, down nearly 50% from those levels. However, I believe PayPal’s core business remains robust despite the bearish sentiment we’re seeing in the broader fintech sector. One key metric to watch is active user growth, which turned positive on a quarterly basis .
This is crucial because PayPal’s monetization per user continues to improve. Declining active users has been the main reason why the company has been beaten down so much. So with that metric improving, I expect the stock to make a drastic turnaround.
The company delivered 10% curren.