Conduent (CNDT) Shows Fast-paced Momentum But Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, which can lead to investments with limited upside or potential downside [2] - A safer approach may involve investing in bargain stocks that have recently shown price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] Group 2: Conduent (CNDT) Stock Analysis - Conduent (CNDT) has shown a price increase of 15% over the past four weeks, indicating growing investor interest [4] - The stock has gained 18.9% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - CNDT has a beta of 1.46, suggesting it moves 46% higher than the market in either direction, indicating fast-paced momentum [5] - CNDT holds a Momentum Score of B, suggesting it is an opportune time to invest in the stock [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [7] - CNDT is trading at a Price-to-Sales ratio of 0.17, indicating it is relatively undervalued, as investors pay only 17 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides CNDT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]