Fast-paced Momentum Stock Plains GP (PAGP) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional "buying low and selling high" strategies, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Momentum investing can be risky as stocks may lose momentum if their valuations exceed future growth potential, leading to potential losses for investors [2] - A safer approach 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: Plains GP Holdings (PAGP) Analysis - Plains GP Holdings (PAGP) has shown a four-week price change of 4.6%, indicating growing investor interest [4] - Over the past 12 weeks, PAGP's stock has gained 8.7%, with a beta of 1.58, suggesting it moves 58% more than the market [5] - PAGP has a Momentum Score of A, indicating a favorable time to invest based on its momentum characteristics [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to PAGP's Zacks Rank 2 (Buy), as increased analyst interest typically drives stock prices higher [7] - PAGP is currently trading at a Price-to-Sales ratio of 0.08, suggesting it is undervalued at 8 cents for each dollar of sales, providing significant upside potential [7] Group 4: Additional Investment Opportunities - Besides PAGP, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]