Despite Fast-paced Momentum, Commercial Metals (CMC) Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of buying low and waiting for recovery [1][2] Group 1: Momentum Investing Strategy - Momentum investors typically do not time the market, instead they capitalize on stocks that are already trending upwards [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if their valuations exceed future growth potential [2] Group 2: Commercial Metals (CMC) Stock Analysis - CMC has shown a price increase of 3.8% over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, CMC's stock gained 12.5%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - CMC has a beta of 1.32, suggesting it moves 32% more than the market in either direction, indicating fast-paced momentum [5] - CMC has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [6] - The stock has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors [7] - CMC is trading at a Price-to-Sales ratio of 0.88, indicating it is reasonably valued at 88 cents for each dollar of sales [7] Group 3: Investment Opportunities - CMC is highlighted as a strong candidate for investment due to its favorable momentum characteristics and reasonable valuation [8] - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8]