Looking for a Fast-paced Momentum Stock at a Bargain? Consider Wolfspeed (WOLF)

Core Insights - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 1: Momentum Investing Strategy - 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 [2] - The 'Fast-Paced Momentum at a Bargain' screen helps in spotting fast-moving stocks that remain attractively priced [2] Group 2: Wolfspeed (WOLF) Analysis - Wolfspeed (WOLF) has shown significant recent price momentum, with a four-week price change of 44.6%, indicating growing investor interest [3] - Over the past 12 weeks, WOLF's stock has gained 115.3%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - WOLF has a beta of 1.29, suggesting it moves 29% higher than the market in either direction, indicating fast-paced momentum [4] - The stock has a Momentum Score of A, suggesting it is an opportune time to invest [5] - WOLF has received a Zacks Rank 2 (Buy) due to upward trends in earnings estimate revisions, which attract more investor interest [6] - The stock is currently trading at a Price-to-Sales ratio of 0.39, indicating it is undervalued, as investors pay only 39 cents for each dollar of sales [6] Group 3: Additional Investment Opportunities - Besides WOLF, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting additional investment opportunities [7] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8]