With the S 500 up about 20% from its October 2022 recent low (as of July 6), many investors are ringing the bell that an official bull market is here. If this is your perspective, it might be a good idea to look at some beaten-down stocks to potentially add to your portfolio. The hope is that a stronger market overall could lift shares of all companies. 

One such ticker is (NASDAQ: PYPL). The fintech and digital payments powerhouse is currently down 79% from its peak price. And it trades at a cheap forward price-to-earnings ratio of 13.4, which means that you haven't missed out on this stock yet. 

Here's why PayPal could be a smart buy right now. 

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Source Fool.com