Home Most Popular Unlocking the Hidden Gem: Paramount Global (PARAA) Emerges as a Momentum Darling With Surprising Value

Unlocking the Hidden Gem: Paramount Global (PARAA) Emerges as a Momentum Darling With Surprising Value


Amidst the Chaotic Momentum Jungle

The world of investing can sometimes resemble a frenzied jungle, where the law of the land seems to be “buy high and sell higher.” While this approach may seem risky, it often pays off handsomely for those who dare to venture into the untamed world of momentum investing. Paramount Global (PARAA) is a shining example of a stock that is not just keeping pace with the charging herd but also managing to do so while staying reasonably priced.

Unveiling the Hidden Gems

As investors scramble to ride the wave of fast-moving stocks, it’s easy to get lost in the frenzy. However, the key lies in spotting the hidden gems – stocks that combine rapid momentum with an attractive valuation. Paramount Global has managed to do just that, standing out as a prime candidate that has caught the eye of savvy investors.

A Symphony of Momentum and Value

Paramount Global’s recent price surge of 1.9% over the past four weeks is a testament to the growing interest in this stock. But what sets PARAA apart is its ability to sustain this momentum over the long haul, with a solid gain of 5.8% over the past 12 weeks. The stock’s brisk pace is further underscored by its beta of 1.67, indicating its ability to outpace the market in both directions.

The Dance of Numbers: Valuation and Momentum

While momentum may fuel the stock’s rise, it is the perfect marriage of momentum and valuation that truly sets PARAA apart. With a Momentum Score of A and a Zacks Rank #2 (Buy), Paramount Global is positioned for sustained growth. What’s more, the stock’s attractive Price-to-Sales ratio of 0.46 signals that it is still trading at a bargain despite its upward trajectory.

Charting a Course for Success

For investors seeking a winning strategy, Paramount Global presents a compelling opportunity. Its blend of momentum, value, and growth potential make it a formidable contender in the ever-changing landscape of the stock market. As you navigate through the sea of options, keep an eye out for stocks like PARAA that offer both momentum and value in equal measure.

Embrace the Journey

As you set sail on the turbulent waters of investing, remember that the key lies not just in spotting the trends but in identifying the hidden gems that have the potential to shine bright in the market. Paramount Global is not just a stock; it is a journey waiting to unfold, offering investors a chance to ride the wave of momentum while staying grounded in value.

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.

Just Released: Zacks Top 10 Stocks for 2024

Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.

See New Top 10 Stocks >>

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

Paramount Global (PARAA) : 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.