Fast-paced Momentum Stock Canadian Solar (CSIQ) Is Still Trading at a Bargain

Core Viewpoint - Momentum investing focuses on "buying high and selling higher," rather than traditional strategies of buying low and waiting for recovery [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point, as stocks may lose momentum when their valuations exceed future growth potential [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy [3] Group 2: Canadian Solar (CSIQ) Analysis - Canadian Solar (CSIQ) has shown a price increase of 1.9% over the past four weeks, indicating growing investor interest [4] - CSIQ has gained 49.4% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - The stock has a beta of 1.26, suggesting it moves 26% higher than the market in either direction, indicating fast-paced momentum [5] - CSIQ has a Momentum Score of A, suggesting it is an opportune time to invest in the stock [6] - The stock has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [7] - CSIQ is trading at a Price-to-Sales ratio of 0.27, indicating it is reasonably valued at 27 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides CSIQ, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which may also present investment opportunities [8] - The Zacks Premium Screens offer over 45 different strategies tailored to help investors find winning stock picks [9]