Thanks to the remarkable performance of the so-called "Magnificent Seven" stocks, it seems like the major market indexes continue to hit fresh all-time highs with each passing day. Investors might struggle to find attractive buying opportunities when bullish sentiment prevails.

Not all companies have rallied amid market enthusiasm. Just look at (NASDAQ: PYPL). Shares of the digital payments pioneer are down 81% from their peak price. In 2023, they dipped 14%, as the Nasdaq Composite index surged 43%.

Despite its terrible performance, this beaten-down fintech stock might just be the best business to add to your portfolio in 2024. That's only if you believe one very important thing.

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Source Fool.com