Despite Fast-paced Momentum, ScanSource (SCSC) Is Still a Bargain Stock

Group 1 - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] Group 2 - ScanSource (SCSC) is highlighted as a strong candidate for momentum investing, having experienced a 7.3% price increase over the past four weeks [3] - SCSC has shown a significant 11.3% price gain over the last 12 weeks, indicating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.44, suggesting it moves 44% more than the market, indicating fast-paced momentum [4] Group 3 - SCSC holds a Momentum Score of B, suggesting it is an opportune time to invest in the stock to leverage its momentum [5] - The stock has achieved a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investor interest [6] - SCSC is trading at a Price-to-Sales ratio of 0.40, indicating it is undervalued, as investors pay only 40 cents for each dollar of sales [6] Group 4 - SCSC is positioned for further growth, with potential for fast-paced momentum [7] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting a broader opportunity for investors [7] - Various Zacks Premium Screens are available to assist in identifying winning stock picks based on different investing styles [8]