Despite Fast-paced Momentum, Worthington (WOR) Is Still a …

Momentum investors typically don’t time the market or “buy low and sell high.” In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that “buying high and selling higher” is the way to make far more money in lesser time. Who doesn’t like betting on fast-moving trending stocks?

But determining the right entry point isn’t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside.

So, going all-in on momentum could be risky at times. It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock’s price or earnings, is pretty useful in identifying great momentum stocks, our ‘Fast-Paced Momentum at a Bargain’ screen comes handy in spotting fast-moving stocks that are still attractively priced.

There are several stocks that currently pass through the screen and Worthington Industries (
WOR Quick Quote
WOR – Free Report) is one of them. Here are the key reasons why this stock is a great candidate. Investors’ growing interest in a stock is reflected in its recent price increase.

A price change of 4.8% over the past four weeks positions the stock of this metal manufacturer well in this regard. While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. WOR meets this criterion too, as the stock gained 26.2% over the past 12 weeks.

Moreover, the momentum for WOR is fast paced, as the stock currently has a beta of 1.25. This indicates that the stock moves 25% higher than the market in either direction. Given this price performance, it is no surprise that WOR has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.

In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped WOR earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That’s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.

You can see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, WOR is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now.

WOR is currently trading at 0.60 times its sales. In other words, investors need to pay only 60 cents for each dollar of sales. So, WOR appears to have plenty of room to run, and that too at a fast pace.

In addition to WOR, there are several other stocks that currently pass through our ‘Fast-Paced Momentum at a Bargain’ screen. You may consider investing in them and start looking for the newest stocks that fit these criteria. This is not the only screen that could help you find your next winning stock pick.

Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard.

In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.

Click here to sign up for a free trial to the Research Wizard today.

Tags:

arena-flowers listed on couponmatrix.uklouis-copeland listed on couponmatrix.ukmo-bros listed on couponmatrix.ukmulberry listed on couponmatrix.ukthe-entertainer listed on couponmatrix.ukwahaca listed on couponmatrix.uk
arena-flowers listed on couponmatrix.ukArena Flowers have a simple, and incredibly effective business model: They operate a web-only service, cutting out middlemen to bring you flowers directly from their original suppliers. By combining the Arena Flowers discount code with this low-cost approach you can enjoy stunning bouquets and plants in the knowledge that they'll be fresher than they'd be from a traditional florist, and consequently look better for longer. Factor in a huge range of gifts from chocolate to fines wines, and you've got a gift that'll leave the recipient in no doubt as to how you feel about them.
louis-copeland listed on couponmatrix.ukFounded in 1933, Louis Copeland is one of Ireland's leading menswear retailers. With a focus on quality and style, the brand offers a wide range of classic and contemporary clothing to suit any occasion. And with a Louis Copeland discount code, you can enjoy even greater savings on your next purchase. So whether you're looking for a new suit for work or a stylish new outfit for a night out, be sure to check out Louis Copeland. Here at Groupon, we pride ourselves on finding the best discount codes and vouchers to help you save money on your favourite fashion brands. For Louis Copeland, we have a range of codes that can be used to get money off your next purchase, along with highlights on seasonal promotions and flash sales. So whether you're looking for a new suit or just some stylish new clothes, be sure to check out our Louis Copeland deals before you buy. Equal parts suave and sophisticated, Louis Copeland suits are a marvel to both wear and admire. Select between hues of rich blue, timeless silver or charcoal black before putting a Louis Copeland voucher code to good use and securing easy savings on some quality threads. Woven from the finest fabric, these soft suits can handle a full wedding ceremony and dinner and still feel snug enough to handle the night of partying to follow.
mo-bros listed on couponmatrix.ukMo Bro's is a leading provider of men's grooming products, and they're always looking for ways to help their customers save money. That's why they offer a Mo Bro's discount code, which can be used to save on your next purchase. Whether you're looking for a new razor or just some shampoo, you can use a Mo Bro's discount code to get a great deal. So don't wait any longer, head over to Mo Bro's and start saving today! At Groupon, we know that saving money is important to our customers. That's why we work hard to find the best Mo Bro's discount codes and vouchers so you can get the best deals on their products. We know that the best quality men’s grooming products can be expensive, that’s why we'll constantly be on the lookout for new codes so you can always be sure you're getting the best price! One of Mo Bro's top-selling products is their beard wash. It's a great and gentle product that leaves your hair feeling clean and refreshed. With a range of zesty, spicy and woody scents, it will leave your beard smelling great too! And with a Mo Bro's voucher code, you can get it for an even better price. So don't wait any longer, head over to Mo Bro's and start your beard journey today!
mulberry listed on couponmatrix.ukFounded in the 1970s in Somerset, you’d be hard-pressed to find someone who doesn’t know about Mulberry. Mulberry leather handbags are famous all over the world, and the brand has reached icon status for its cutting-edge designs. Designer handbags don’t have to be out of budget – we’ve got the latest Mulberry discount code to help households save money here at Groupon! If you’re looking for a bag that lasts a lifetime, Mulberry is the one for you!
the-entertainer listed on couponmatrix.ukHowever old you are, if you’re a kid at heart then there’s no better shop than The Entertainer, the UK’s largest and best-loved toy shop. With an amazing range of toys and games on offer, you’re sure to love what’s in store. With The Entertainer voucher code you'll got you’ll save yourself a bundle. Get shopping today - you’re never too old to enjoy a great bargain!
wahaca listed on couponmatrix.ukWahaca has truly brought the Mexican sunshine to the menu with deliciously authentic nibbles, bold street food bursting with citrus and spices, and indulgent burritos and quesadillas. Launched by MasterChef winners, this is food to impress Gregg Wallace himself. You’re never too far away from your nearest Wahaca restaurant, with well-situated spots in Convent Garden, Cardiff and Edinburgh. Whether you’re feasting with family or friends, make sure to pick up the latest Wahaca discount from Groupon for a final bill that blows your socks off – in a good way, of course!