Fast-paced Momentum Stock Allegiant Travel (ALGT) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, 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 strategy involves investing in bargain stocks that exhibit recent price momentum, which can be identified using tools like the Zacks Momentum Style Score [3] Group 2: Allegiant Travel (ALGT) Analysis - Allegiant Travel (ALGT) has shown a four-week price change of 9.8%, indicating growing investor interest [4] - Over the past 12 weeks, ALGT's stock price has increased by 39.9%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - ALGT has a Momentum Score of B, suggesting it is an opportune time to invest in the stock [6] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - ALGT is trading at a Price-to-Sales ratio of 0.76, indicating it is reasonably valued at 76 cents for each dollar of sales, providing room for further price appreciation [7] Group 3: Additional Investment Opportunities - Besides ALGT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which may also present investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]