PayPal (PYPL -0.28%) still trades for a cheap valuation, is generating over $5 billion in annual free cash flow, has an excellent balance sheet, and is becoming a leaner, more efficient business. Its new management team has made some interesting moves in recent months, and it might take a while for that to be reflected in PayPal's results. Here's why I think the stock is a no-brainer buy in the meantime.

*Stock prices used were the morning prices of Sept. 12, 2024. The video was published on Sept. 13, 2024.