Despite Fast-paced Momentum, Norsk Hydro ASA (NHYDY) Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Identifying the right entry point for momentum stocks is challenging, and investors may end up with expensive shares that have limited upside [1] Group 2: Bargain Momentum Stocks - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [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 3: Norsk Hydro ASA (NHYDY) Analysis - Norsk Hydro ASA (NHYDY) has a four-week price change of 5.9%, indicating growing investor interest [3] - NHYDY gained 16% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - The stock has a beta of 1.44, suggesting it moves 44% higher than the market in either direction [4] Group 4: Valuation and Earnings Estimates - NHYDY has a Momentum Score of A, indicating a favorable time to invest [5] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6] - NHYDY is trading at a Price-to-Sales ratio of 0.69, suggesting it is undervalued at 69 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - NHYDY is not the only stock that fits the 'Fast-Paced Momentum at a Bargain' criteria; other stocks are also available for consideration [7] - There are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their investing style [8]