Despite Fast-paced Momentum, Genesco (GCO) 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 lose momentum if future growth does not justify high valuations [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify these opportunities [3] Group 2: Genesco (GCO) Stock Analysis - Genesco (GCO) has shown a significant price increase of 29.7% over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, GCO's stock has gained 55.8%, with a beta of 2.47, suggesting it moves 147% higher than the market in either direction [5] - GCO has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - GCO has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - The stock is currently trading at a Price-to-Sales ratio of 0.19, suggesting it is undervalued at 19 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides GCO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]