2 Beaten-Down Stocks to Buy and Hold

(NASDAQ: PYPL) and Fiverr (NYSE: FVRR) have several things in common. Both are notable names in disruptive industries that performed well in the early pandemic years but have since significantly lagged behind the market. And despite their poor showing in recent years, PayPal and Fiverr could be great long-term bets. Here's why.

PayPal, a leader and pioneer in fintech, should benefit from the increased demand for digital payments resulting from secular tailwinds, such as the shift toward e-commerce. The company has a trusted brand name that is intimately tied to digital payments, having been one of the first in that sector. PayPal also has a deep ecosystem. As of the second quarter, it boasted 438 million active consumer accounts and millions of business accounts. It is also a payment option for some major corporations and it handles more than $1 trillion in annual payment volume.

Image source: Getty Images.

Continue reading

Source Fool.com