Despite Fast-paced Momentum, Bally's (BALY) 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 lead to limited upside or downside risks [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: Bally's Corporation (BALY) Analysis - Bally's Corporation (BALY) has shown a four-week price change of 1.4%, indicating growing investor interest [4] - Over the past 12 weeks, BALY's stock has gained 3.6%, with a beta of 2.04, suggesting it moves 104% higher than the market in either direction [5] - BALY has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] - The stock has a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investors [7] - BALY is trading at a Price-to-Sales ratio of 0.30, suggesting it is undervalued at 30 cents for each dollar of sales [7] Group 3: Investment Opportunities - In addition to BALY, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]