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Wayfair (W) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Wayfair's (W) fourth-quarter 2023 results reflect the positive impact of a growing active customer base. However, lower net revenues per active customer is a concern.

Wayfair Inc. (W) shares jumped Thursday after the online home furnishing retailer posted a lower-than-expected net loss as it cut costs and added customers.

Wayfair's leaders say several recent rounds of layoffs have made the company better and better.  In January, the home goods company laid off 13% of its workforce, affecting 1,650 employees.

The headline numbers for Wayfair (W) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Wayfair (W) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $1.71 per share a year ago.

The online furniture retailer sees active customers rise 1.4% in the fourth quarter.

Historically, cyclical stocks tend to outperform the rest of the pack when the Federal Reserve (the Fed) lowers interest rates to make money cheaper and financing more flexible for both businesses and consumers. You can see this in consumer discretionary stocks like Lululemon Athletica Inc. NASDAQ: LULU, which outperformed the broader S&P 500 by 122.3% in 2020-2023.

E-commerce platforms have room to run under Amazon's dominance in the space. Chinese online retail site Temu even advertised several commercials during this year's Super Bowl.

Wayfair (W) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.