Despite Fast-paced Momentum, MRC (MRC) 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" to maximize returns in a shorter time frame [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] - 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: MRC Global Analysis - MRC Global (MRC) has shown significant price movement, with an 11.3% increase over the past four weeks, indicating growing investor interest [4] - The stock has gained 23.9% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer time frame, with a beta of 1.61 indicating high volatility compared to the market [5] - MRC has a Momentum Score of B, suggesting it is an opportune time to invest in the stock to capitalize on its momentum [6] Group 3: Earnings Estimates and Valuation - MRC's upward trend in earnings estimate revisions has earned it a Zacks Rank 2 (Buy), which is associated with strong momentum effects as analysts raise earnings estimates [7] - The stock is currently trading at a Price-to-Sales ratio of 0.41, indicating it is undervalued, as investors pay only 41 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides MRC, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]