Fast-paced Momentum Stock Par Petroleum (PARR) Is Still Trading at a Bargain

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 Characteristics - Momentum investing can be risky as stocks may lose momentum when 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: Par Petroleum (PARR) Analysis - Par Petroleum (PARR) has shown significant recent price momentum, with a four-week price change of 24.1%, indicating growing investor interest [4] - PARR has gained 40.4% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - The stock has a beta of 1.74, suggesting it moves 74% more than the market, indicating fast-paced momentum [5] - PARR holds a Momentum Score of A, suggesting it is an opportune time for investment to capitalize on its momentum [6] Group 3: Earnings Estimates and Valuation - PARR has received upward revisions in earnings estimates, earning a Zacks Rank 1 (Strong Buy), which typically attracts more investor interest [7] - The stock is trading at a Price-to-Sales ratio of 0.29, indicating it is undervalued, as investors pay only 29 cents for each dollar of sales [7] - PARR is positioned for further growth, with ample room to increase in value at a fast pace [8] Group 4: Additional Investment Opportunities - Besides PARR, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]