Despite Fast-paced Momentum, Wayfair (W) Is Still a Bargain Stock

Core Viewpoint - Momentum investing focuses on "buying high and selling higher" rather than traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investors typically avoid timing the market and instead capitalize on stocks that are trending upwards [1] - Identifying the right entry point for fast-moving stocks can be challenging, as these stocks may lose momentum if their growth potential does not justify their high valuations [1] Group 2: Wayfair (W) as a Momentum Stock - Wayfair (W) has shown a four-week price change of 3%, indicating growing investor interest [2] - Over the past 12 weeks, W's stock has gained 11.2%, demonstrating its ability to deliver positive returns over a longer timeframe [3] - W has a high beta of 3.32, suggesting it moves 232% more than the market in either direction, indicating fast-paced momentum [3] Group 3: Earnings Estimates and Valuation - W has a Momentum Score of B, suggesting it is a favorable time to invest in the stock [3] - The stock has received a Zacks Rank 2 (Buy) due to upward revisions in earnings estimates, which typically attract more investors [4] - W is trading at a Price-to-Sales ratio of 0.52, indicating it is relatively cheap, as investors pay only 52 cents for each dollar of sales [4] Group 4: Additional Investment Opportunities - Besides W, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which could be considered for investment [5] - The Zacks Premium Screens offer over 45 different strategies to help identify potential winning stocks based on individual investing styles [5]