Here Is Why Bargain Hunters Would Love Fast-paced Mover Circor (CIR)

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.

Circor (CIR) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones: Investors’ growing interest in a stock is reflected in its recent price increase.

A price change of 14.2% over the past four weeks positions the stock of this maker of valves and other engineered products 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. CIR meets this criterion too, as the stock gained 20.7% over the past 12 weeks.

Moreover, the momentum for CIR is fast paced, as the stock currently has a beta of 2.17. This indicates that the stock moves 117% higher than the market in either direction. Given this price performance, it is no surprise that CIR has a Momentum Score of A, 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 CIR earn a Zacks Rank #1 (Strong 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, CIR 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.

CIR is currently trading at 0.77 times its sales. In other words, investors need to pay only 77 cents for each dollar of sales. So, CIR appears to have plenty of room to run, and that too at a fast pace.

In addition to CIR, 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. 5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

Want the latest recommendations from Zacks Investment Research?

Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CIRCOR International, Inc. (CIR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags:

burger-king-1 listed on couponmatrix.ukbuyfencingdirect listed on couponmatrix.ukdirect-ferries listed on couponmatrix.uknational-tyres-and-autocare listed on couponmatrix.ukrapid-online listed on couponmatrix.ukzazzle-co-uk listed on couponmatrix.uk
burger-king-1 listed on couponmatrix.ukCurb those hunger pangs with Burger King. As the creators of the legendary Whopper, Burger King are no strangers to top quality fast food - using the finest fresh ingredients, preparing every sandwich to order and flame-grilling burgers are just some of the ways Burger King sets itself apart. Make the most of a Burger King voucher from us to save on your next order - whether you’re craving a cheeseburger or want to indulge with a tasty sundae, you can treat yourself for less with Burger King!
buyfencingdirect listed on couponmatrix.ukThe days of ugly, bargain bucket chain link fencing being good enough for a UK domestic garden are long gone - it's now standard practice to have fabulous-looking fencing, and it needn't cost much at all when you use the Buy Fencing Direct discount code. Take advantage of this concession and you'll never risk being the subject of gossip because your fencing isn't up to scratch - and the code is also valid on decking, trellising and posts if it is.
direct-ferries listed on couponmatrix.ukDirect Ferries is the leading aggregator site for anyone looking to cross by car or foot to or from any major port in Europe or Africa. With hundreds of routes and dozens of locations covered you can save yourself many hours of searching and quickly use them to compare the best deals. What's more, you can also use the Direct Ferries Discount code to lower the cost of your trip, freeing up extra cash to reduce the cost of your holiday, or enjoy some additional luxuries like an on-board gourmet meal.
national-tyres-and-autocare listed on couponmatrix.ukFit your car, van or 4x4 with great quality tyres from National Tyres, the largest independent fast fit specialist in the UK with a network of over 200 branches. The highly-trained technicians are there to help and with a National Tyres discount code, you could have your pick of brands like Continental, Bridgestone, and Firestone at incredibly affordable prices. Look no further than National Tyres for your next MOT or oil and filter change. You can easily make an appointment at your nearest branch, find important information about the upkeep of your vehicle, as well as how to assess the state of your tyres, brakes and more.
rapid-online listed on couponmatrix.ukWith a history of over 40 years providing the highest quality electrical equipment, it’s fair to say that the folks at Rapid Electronics know their stuff. With shops for both industrial and educational customers including electricals, cables, components and glassware, you’ll find your fair share of quality equipment to get for less with a Rapid Electronics discount code. From the smallest semiconductor to the biggest power tool, you’ll have all you need to build something new with Rapid Electronics. You always need the occasional odd screw or cable to replace something lost or broken, so cut the cost of any last-minute purchases by buying odds and ends in the Rapid Electronics clearance. With a host of hundreds of wires, tools, fixings and transformers to browse, it’s the ideal place to pick up any sudden entries on your shopping list. You never know what discontinued component may next hit the sale shelf, so check back regularly if you want to restock in bulk with a limited budget. Be it a computer chip or an electrical relay, there’s an near-endless inventory amongst Rapid Electronics components. If you’re an electrician who’s always on call for the latest repair, check out what Rapid Electronics vouchers we have at Groupon to knock the cost of your shop. Even if some speakers need a new buzzer, you can get tunes back in no time thanks to Rapid Electronics formidable arsenal of quality components.
zazzle-co-uk listed on couponmatrix.ukZazzle is like the Internet’s marketplace for independent designers, so you can expect custom goods like art, business cards and even officially licensed brands like Scooby Doo, Harry Potter and Game of Thrones! This brand is all about creativity and it has gifting down to a T. Whether you’re opting for Zazzle wedding invitations or T-shirts, the world is your oyster and our Zazzle discount codes will help you cut the cost of your purchase.