Core Insights - Momentum investors focus on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify high valuations [2] - Investing in bargain stocks with recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score [3] Stock Analysis: Escalade (ESCA) - Escalade (ESCA) has shown a four-week price change of 7.8%, indicating growing investor interest [4] - Over the past 12 weeks, ESCA's stock gained 6.9%, with a beta of 1.22, suggesting it moves 22% more than the market [5] - ESCA has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [7] - ESCA is trading at a Price-to-Sales ratio of 0.80, suggesting it is undervalued at 80 cents for each dollar of sales [7] Investment Opportunities - ESCA is highlighted as a strong candidate for investment, with potential for significant growth [8] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing further investment opportunities [8] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [9]
Despite Fast-paced Momentum, Escalade (ESCA) Is Still a Bargain Stock