Despite Fast-paced Momentum, Great Lakes Dredge & Dock (GLDD) Is Still a Bargain Stock

Core Insights - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] - Identifying the right entry point for momentum stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [1] Group 1: Momentum Investing Strategy - Investing in bargain stocks that have recently shown price momentum can be a safer approach [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 2: Great Lakes Dredge & Dock (GLDD) Analysis - GLDD has shown a price increase of 2.2% over the past four weeks, indicating growing investor interest [3] - The stock gained 0.7% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - GLDD has a beta of 1.34, suggesting it moves 34% higher than the market in either direction, indicating fast-paced momentum [4] Group 3: Valuation and Earnings Estimates - GLDD has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [5] - The stock has earned a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [6] - GLDD is trading at a Price-to-Sales ratio of 0.98, indicating it is reasonably valued at 98 cents for each dollar of sales [6] 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 [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in stock selection [8]