Several of the major U.S. stock indexes are at or near their all-time highs. The stock market is soaring right now as investors look forward to possible interest rate cuts later this year. With inflation coming back down, the Federal Reserve is set to loosen monetary policy and that has caused euphoria on Wall Street.

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So is it too late to get in on the rally? While many stocks have run up to lofty levels already, there are still a fair number of value stocks worth owning at today's prices. Here are 10 bargain-bin value stocks to buy for 2024:

Online payments platform PayPal has gone from boom to bust. Shares skyrocketed during the early days of the pandemic as customers used the internet and shopping apps in record numbers. As the economy reopened, however, e-commerce growth slowed down. Additionally, there are a lot of firms competing in the online space, so competition remains intense even as the market has decelerated.

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Combining these factors, payments stocks including PayPal have been in freefall over the past two years. PYPL stock specifically has fallen from a peak of $300 to just $61 today. Yet the underlying business is in fine shape. Revenues are slated to grow about 8% in 2024, and analysts are expecting earnings to jump nearly 12%. That will put PayPal's price-to-earnings ratio at just 11. PayPal and the payments industry face some structural challenges, but the market has discounted these names too heavily.

Global Payments is a financial firm that provides merchant acquiring services. Broadly speaking, merchant acquirers provide the hardware and software tools that retailers need to make their businesses work. Global Payments offers payment terminals to merchants and associated functions such as accounting and tax services, fraud detection, point-of-sale software, and chargeback management.

Like PayPal, Global Payments has slumped over the past two years. But that's probably unwarranted. Global Payments has more of a competitive advantage for its business than many of its peers. It is deeply integrated into its clients' workflows and is much more than just another payment button on........

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