Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach, aiming for quicker profits [1] Group 1: Momentum Investing Characteristics - Fast-moving trending stocks can be difficult to enter at the right time, as they may lose momentum if future growth does not justify their high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, with tools like the Zacks Momentum Style Score aiding in identifying such stocks [3] Group 2: Fortrea Holdings Inc. (FTRE) Analysis - Fortrea Holdings Inc. (FTRE) has shown a four-week price change of 8.6%, indicating growing investor interest [4] - FTRE has gained 67.2% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - The stock has a beta of 1.59, suggesting it moves 59% higher than the market in either direction, indicating fast-paced momentum [5] - FTRE 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 typically attract more investors [7] - FTRE is trading at a Price-to-Sales ratio of 0.58, indicating it is reasonably valued at 58 cents for each dollar of sales [7] Group 3: Additional Investment Opportunities - Besides FTRE, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which may also present investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]
Fortrea Holdings Inc. (FTRE) Shows Fast-paced Momentum But Is Still a Bargain Stock