1 Magnificent Stock You'll Regret Not Buying in the Nasdaq Correction

Although market downturns can be anxiety-inducing, they are perfectly normal and, in fact, always create opportunities for astute investors to scoop up shares of great companies from the discount bin. The recent dip that especially affected the tech-heavy Nasdaq Composite is no different. Though the index has rebounded somewhat, there remain attractive beaten-down stocks to buy, including PayPal (NASDAQ: PYPL). The payments processor is down about 20% this year, a poor performance that traces to a disappointing quarterly update. None of that should scare investors away, though; quite the contrary. Read on to find out more.The past five years have been a roller coaster for PayPal and its shareholders. The company turned in some of the best quarters in its history in the early days of the pandemic as retail activity shifted in ways that helped its business. PayPal's performance then slowed considerably once government-imposed lockdown orders expired. In late 2023, PayPal hired a new chief executive officer, Alex Chriss, who wasted no time making changes. For instance, PayPal has been ramping up its new advertising platform.The move makes sense: Millions of customers and businesses trust PayPal. An ad platform could increase the value of its ecosystem for both sides of the commerce equation. Companies will increase sales and conversion, while consumers will see more personalized recommendations for products and services they enjoy -- everyone wins, including PayPal. The fintech leader's other changes include initiatives such as FastLane, which aims to reduce the time spent at checkout (a one-click checkout option).Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool