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: Stock Analysis - Penguin Solutions, Inc. (PENG) - Penguin Solutions, Inc. (PENG) has shown significant recent price momentum with a four-week price change of 25% [4] - Over the past 12 weeks, PENG's stock has gained 51.8%, indicating strong long-term momentum [5] - PENG has a high beta of 1.98, suggesting it moves 98% more than the market in either direction, reflecting its fast-paced momentum [5] - The stock has a Momentum Score of A, indicating a favorable time to invest [6] - PENG has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - The stock is currently trading at a Price-to-Sales ratio of 0.94, indicating it is reasonably valued at 94 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides PENG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]
Fast-paced Momentum Stock Penguin Solutions, Inc. (PENG) Is Still Trading at a Bargain