ArcelorMittal (MT) Shows Fast-paced Momentum But Is Still a Bargain Stock

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 investments with limited upside or potential downside [2] - A safer approach may involve investing in bargain stocks that have recently shown price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] Group 2: ArcelorMittal (MT) Analysis - ArcelorMittal has shown a price increase of 9.3% over the past four weeks, indicating growing investor interest [4] - The stock has gained 27.6% over the past 12 weeks, with a beta of 1.63, suggesting it moves 63% more than the market [5] - MT has a Momentum Score of B, indicating a favorable time to invest based on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to MT earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - MT is currently trading at a Price-to-Sales ratio of 0.46, suggesting it is undervalued as investors pay only 46 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides MT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Various Zacks Premium Screens are available to assist in identifying winning stock picks based on different investing styles [9]