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:

coral listed on couponmatrix.ukelectrical-discount listed on couponmatrix.ukgreat-little-breaks listed on couponmatrix.ukparadise-wildlife-park listed on couponmatrix.uktaskrabbit listed on couponmatrix.ukthe-glow-company listed on couponmatrix.uk
coral listed on couponmatrix.ukAs one of the country’s leading bookmakers, Coral will give you a great gambling experience that’s both safe and fun with a superb customer care team on hand to give you the help and advice you need while you play. With a Coral voucher code on us, you’ll be able to place the bets you want on the sporting events that take your fancy!
electrical-discount listed on couponmatrix.ukWelcome to electricshop.com, the online Electrical Superstore where you can buy the latest top brand electrical appliances at the best possible prices. By buying from electricshop.com you can save up to 30% off typical High Street Prices and have the goods delivered free and direct to your doorstep anywhere within the UK mainland. The company prides itself on the consistency and quality of its product range, its ability to react quickly and the quality of service it delivers to its customers. So whether you’re looking for the very latest high definition television or a new washing machine or cooker we are the place to shop!
great-little-breaks listed on couponmatrix.ukWho says a fabulous holiday can only take place abroad? With Great Little Breaks, you can enjoy the best that Britain has to offer. With everything from city breaks to scenic getaways in the country, your Great Little Breaks discount code will let you escape from it all without breaking the bank. Forget about the stress of airports, realising your passport is out of date or learning a foreign language; with Great Little Breaks, you can get away for less.
paradise-wildlife-park listed on couponmatrix.ukHertfordshire’s hidden gem has won multiple awards for its enclosures and conservation initiatives, and the big cats, primates and endless other species that are lucky enough to have this extraordinary facility as their home will be delighted to meet you. Your Paradise Wildlife Park vouchers won’t just enable you to meet the residents, though - there are many other attractions on offer, including a dinosaur park to keep the roar factor on eleven even when the lions are taking lunch.
taskrabbit listed on couponmatrix.ukWhen the extra tasks are piling up but you’ve no time to spare, turn to TaskRabbit for immediate help. Connecting you with local Taskers in your area to assist in anything from moving house to gardening, you need only a TaskRabbit promo code from Groupon to guarantee a great price on some quality help. With a mobile app to connect you with local workers in seconds and a crystal-clear booking system, getting an extra pair of hands on board is quick and easy with TaskRabbit.
the-glow-company listed on couponmatrix.ukShoppers with a The Glow Company coupon should be positively glowing, with savings to be made on a variety of lighting solutions and LED gadgets. The retailer has a wide range of unique lighting products, as well as gimmicks and gadgets that are designed to really light up the room. Groupon is teaming up with this innovative retailer to offer The Glow Company coupons. The Glow Company was set up to offer fun and quirky lighting and light-based products, whether they are for home decoration, for parties or just for fun. The company’s wide selection of products is truly unique, and allows customers to impress guests and customise their home. For example, funky light-up chairs are available, coming in all manner of colours, shapes and sizes. Those with The Glow Company coupon codes can also find quirky gadgets such as a neon jellyfish tank, a poorly dog cone lamp and a psychedelic projector with a colourful display. More conventional items such as night lights, string lighting, lava lamps and torches are also available, ensuring that everyone can find something to suit their needs. Are you looking for something fun and funky to liven up your living room? Or perhaps glow sticks for the kids, or glowing decorations for a party? You can find all manner of well-lit curiosities with a The Glow Company coupon. Take a look at the company’s Groupon page, and you could find The Glow Company coupon codes to help you save money.