From Nasdaq:

In 2023, the Nasdaq Composite and the Nasdaq 100 outperformed, increasing by 43% and 54% respectively. For 2024, PayPal Holdings is seen as a screaming buy with a PEG ratio below 1 and a forward-year earnings multiple of just 11. Starbucks has also shown strength with its Rewards Membership program and its ability to increase prices above inflation.

On the other hand, Tesla, despite its high stock price, is suggested as a stock to avoid in 2024. Musk’s pricing strategy has led to a price war among EV manufacturers, leading to a significant decline in Tesla’s operating margin to 7.6%. With a forward-year earnings multiple of nearly 65, the stock could see a drop below $100 in 2024.

While PayPal is considered a buy, the Motley Fool Stock Advisor analyst team didn’t identify PayPal as one of the 10 best stocks for investors to buy now. The service, which has more than tripled the return of the S&P 500 since 2002, provides guidance on building a portfolio and offers two new stock picks each month.



Read more: 2 Nasdaq 100 Stocks That Are Screaming Buys in 2024 and 1 to Avoid