Despite Fast-paced Momentum, Conduent (CNDT) 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 often face challenges in determining the right entry point for fast-moving stocks, which can lose momentum if future growth does not justify high valuations [2] - Investing in bargain stocks that have recently shown price momentum can be a safer strategy, utilizing tools like the Zacks Momentum Style Score to identify potential opportunities [3] Group 2: Conduent (CNDT) Stock Analysis - Conduent (CNDT) has shown a significant price increase of 21.4% over the past four weeks, indicating growing investor interest [4] - The stock has gained 11.6% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [5] - CNDT has a beta of 1.46, suggesting it moves 46% more than the market in either direction, indicating fast-paced momentum [5] - With a Momentum Score of B, CNDT is positioned as a favorable entry point for investors looking to capitalize on momentum [6] Group 3: Earnings Estimates and Valuation - An upward trend in earnings estimate revisions has contributed to CNDT earning a Zacks Rank 2 (Buy), which is associated with strong momentum effects [7] - CNDT is trading at a Price-to-Sales ratio of 0.20, indicating it is relatively cheap at 20 cents for each dollar of sales, suggesting potential for further price appreciation [7] Group 4: Additional Investment Opportunities - Besides CNDT, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, providing additional investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]