Fast-paced Momentum Stock Oceaneering International (OII) 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, which can lead to quicker profits [1] Group 1: Momentum Investing Strategy - Momentum investors often face challenges in determining the right entry point for fast-moving stocks, as these stocks can lose momentum if their growth potential does not justify their high valuations [2] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify promising candidates [3] Group 2: Oceaneering International (OII) Analysis - Oceaneering International (OII) has shown a four-week price change of 0.9%, indicating growing investor interest and positioning it well within the momentum framework [4] - OII has gained 19.3% over the past 12 weeks, with a beta of 1.24, suggesting it moves 24% more than the market in either direction, demonstrating strong momentum [5] - OII holds a Momentum Score of B, indicating a favorable time to invest, and has a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investors [6][7] - The stock is currently trading at a Price-to-Sales ratio of 0.95, suggesting it is undervalued, as investors pay only 95 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides OII, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]