Fast-paced Momentum Stock ArcelorMittal (MT) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Identifying the right entry point for fast-moving stocks is challenging, and investors may end up with expensive shares that have limited upside [1] Group 2: Zacks Momentum Style Score - The Zacks Momentum Style Score helps identify stocks with strong price or earnings trends, and the 'Fast-Paced Momentum at a Bargain' screen identifies attractively priced fast-moving stocks [2] Group 3: ArcelorMittal (MT) Stock Analysis - ArcelorMittal (MT) has shown a four-week price change of 3.8%, indicating growing investor interest [3] - Over the past 12 weeks, MT's stock gained 29.7%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - MT has a beta of 1.79, suggesting it moves 79% higher than the market in either direction, indicating fast-paced momentum [4] - MT has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [5] Group 4: Earnings Estimates and Valuation - MT has received upward revisions in earnings estimates, earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [6] - The stock is trading at a Price-to-Sales ratio of 0.38, indicating it is relatively cheap, as investors pay only 38 cents for each dollar of sales [6] - MT appears to have significant potential for growth at a fast pace [7] Group 5: Additional Investment Opportunities - Besides MT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, which can help identify winning stock picks [8]