Fast-paced Momentum Stock Genesco (GCO) Is Still Trading at a Bargain

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, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that exhibit recent price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify promising stocks [3] Group 2: Genesco (GCO) Analysis - Genesco (GCO) has shown a four-week price change of 3.7%, indicating growing investor interest [4] - Over the past 12 weeks, GCO's stock has gained 50.6%, with a beta of 2.37, suggesting it moves 137% higher than the market [5] - GCO has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - GCO has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [7] - The stock is trading at a Price-to-Sales ratio of 0.20, suggesting it is undervalued, as investors pay only 20 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] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks based on various investing styles [9]