VEON (VEON) Shows Fast-paced Momentum But Is Still a Bargain Stock

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 Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - Identifying the right entry point for momentum stocks is challenging, and investors may end up with overvalued shares [1] Group 2: Bargain Momentum Stocks - Investing in bargain stocks that have recently shown price momentum may be a safer strategy [2] - The Zacks Momentum Style Score is useful for identifying strong momentum stocks, while the 'Fast-Paced Momentum at a Bargain' screen helps find attractively priced fast-moving stocks [2] Group 3: VEON Ltd. Analysis - VEON Ltd. (VEON) has shown a price increase of 2.6% over the past four weeks, indicating growing investor interest [3] - The stock gained 5.6% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - VEON has a beta of 1.59, suggesting it moves 59% higher than the market in either direction [4] - VEON has a Momentum Score of B, indicating a favorable time to invest in the stock [5] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which attract more investor interest [6] - VEON is trading at a Price-to-Sales ratio of 0.88, indicating it is reasonably valued at 88 cents for each dollar of sales [6] Group 4: Additional Investment Opportunities - Besides VEON, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles to help identify winning stock picks [8]