Bally's (BALY) Is Attractively Priced Despite Fast-paced Momentum

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum if future growth does not justify high valuations [1] - A safer approach is to invest in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Bally's Corporation (BALY) Analysis - Bally's Corporation (BALY) has shown a price increase of 0.8% over the past four weeks, indicating growing investor interest [2] - Over the past 12 weeks, BALY's stock has gained 43.7%, demonstrating its ability to deliver positive returns over a longer timeframe [2] - BALY has a beta of 2.09, suggesting it moves 109% higher than the market in either direction, indicating fast-paced momentum [3] - The stock has a Momentum Score of B, suggesting it is a favorable time to invest [3] - BALY has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [3] - The stock is trading at a Price-to-Sales ratio of 0.28, indicating it is reasonably valued at 28 cents for each dollar of sales [3] Group 3: Investment Opportunities - In addition to BALY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [4] - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure past profitability [4]