Summit Hotel Properties (INN) Shows Fast-paced Momentum But Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [3] Group 2: Summit Hotel Properties (INN) Analysis - Summit Hotel Properties (INN) has shown a four-week price change of 3.6%, indicating growing investor interest [4] - INN has gained 7% over the past 12 weeks, with a beta of 2.04, suggesting it moves 104% higher than the market [5] - The stock has a Momentum Score of B, indicating a favorable time to invest [6] Group 3: Earnings Estimates and Valuation - INN has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors and drive the stock price up [7] - The stock is trading at a Price-to-Sales ratio of 0.96, indicating it is relatively cheap at present [7] Group 4: Additional Investment Opportunities - INN is part of a broader list of stocks that meet the criteria for "Fast-Paced Momentum at a Bargain," suggesting further investment opportunities [8] - There are over 45 Zacks Premium Screens available for investors to identify potential winning stocks based on their investment style [9]