Here Is Why Bargain Hunters Would Love Fast-paced Mover Great Lakes Dredge & Dock (GLDD)

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 Strategy - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - A safer strategy 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: Great Lakes Dredge & Dock (GLDD) Analysis - GLDD has shown a price increase of 24.8% over the past four weeks, indicating growing investor interest [4] - The stock has gained 1.2% over the past 12 weeks and has a beta of 1.23, suggesting it moves 23% more than the market [5] - GLDD holds a Momentum Score of A, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - GLDD has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which typically attracts more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.94, suggesting it is undervalued as investors pay only 94 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides GLDD, 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 tailored to different investing styles, which can help identify potential winning stocks [9]