Fast-paced Momentum Stock Methanex (MEOH) 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] - 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: Methanex (MEOH) Analysis - Methanex (MEOH) has shown a four-week price change of 7.8%, indicating growing investor interest [4] - Over the past 12 weeks, MEOH's stock has gained 23.5%, with a beta of 1.36, suggesting it moves 36% more than the market [5] - MEOH has a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - MEOH has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - The stock is trading at a Price-to-Sales ratio of 0.95, suggesting it is undervalued as investors pay only 95 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides MEOH, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Zacks offers over 45 Premium Screens to assist in identifying potential winning stocks based on various investing styles [9]