Here Is Why Bargain Hunters Would Love Fast-paced Mover American Axle (AXL)

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 do not time the market, which can lead to risks if relying solely on traditional momentum parameters [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum [2] Group 2: American Axle & Manufacturing (AXL) Analysis - AXL has shown a price increase of 11.8% over the past four weeks, indicating growing investor interest [2] - The stock has gained 1.7% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [2] - AXL has a beta of 2.19, suggesting it moves 119% higher than the market in either direction, indicating fast-paced momentum [3] - AXL has a Momentum Score of A, suggesting it is an opportune time to invest [3] - The stock has a Zacks Rank 2 (Buy), supported by upward revisions in earnings estimates, which attract more investors [3] - AXL is trading at a Price-to-Sales ratio of 0.15, indicating it is reasonably valued at 15 cents for each dollar of sales [3] Group 3: Additional Investment Opportunities - Besides AXL, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, which may present additional investment opportunities [4] - The Zacks Premium Screens offer over 45 strategically created options to help identify potential winning stocks [4]