The market rally has stalled since the start of the year, but it could be just a breather before another advance. Following a once-in-a-decade market correction in 2022, the blue chip-heavy S 500 index surged nearly 19% last year.

There are still top stocks trading at low price-to-earnings ratios, which is a good sign that the market rally has legs. Here's why shares of Alibaba Group (NYSE: BABA) and PayPal Holdings (NASDAQ: PYPL) are due for their own rally in the new year.

If you're looking for a bargain among industry leaders that is profitable and has a wide customer reach, look no further than Alibaba. It's the leading e-commerce and cloud computing provider in China, but the stock is trading at a forward price-to-earnings (P/E) ratio of just 7.5, which is absurdly cheap.

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Source Fool.com