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Fast-paced Momentum Stock Paramount Global (PARAA) Is Still Trading at a Bargain
ZACKS· 2024-10-07 13:51
Group 1: Momentum Investing Overview - Momentum investing focuses on "buying high and selling higher" rather than the traditional "buying low and selling high" approach [1] - Fast-moving trending stocks can be difficult to enter at the right time, and traditional momentum parameters may not always be reliable [2] Group 2: Investment Strategy - A safer investment strategy involves targeting bargain stocks that exhibit recent price momentum [3] - The Zacks Momentum Style Score helps identify strong momentum stocks based on price and earnings trends [3] Group 3: Paramount Global (PARAA) Analysis - Paramount Global (PARAA) has shown a price increase of 0.4% over the past four weeks, indicating growing investor interest [4] - Over the past 12 weeks, PARAA's stock gained 2.6%, demonstrating its ability to deliver positive returns over a longer timeframe [5] - PARAA has a beta of 1.66, suggesting it moves 66% more than the market in either direction, indicating fast-paced momentum [5] - The stock has a Momentum Score of A, suggesting it is an opportune time to invest [6] - PARAA has a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which attract more investors [7] - The stock is trading at a Price-to-Sales ratio of 0.50, indicating it is relatively cheap at 50 cents for each dollar of sales [7] Group 4: Additional Investment Opportunities - Besides PARAA, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [8] - Investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [9]
Oregon Approves Environmental Evaluation and Commences Permit Writing for Paramount's High Grade Grassy Mountain Gold Mine
GlobeNewswire News Room· 2024-10-04 11:00
WINNEMUCCA, Nev., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Paramount Gold Nevada Corp. (NYSE American: PZG) ("Paramount" or the "Company") is pleased to announce that during a state Technical Review Team ("TRT") meeting on October 3rd, the Environmental Evaluation ("EE") for the Grassy Mountain project was approved as completed. The approval marks the start of the 225-day legislated timeline for the issuance of draft permits. The EE was produced by Stantec, a global leader in engineering, architecture, mining and ...
Paramount Global Is Going Without Nielsen Ratings (For Now)
Forbes· 2024-10-02 20:30
With Paramount Global and Nielsen failing to renew there ratings agreement. CBS will not have ... [+] access to any Nielsen audience data for the Vice Presidential debate it had hosted on October 1. Pictured: Senator and Republican vice presidential candidate J.D. Vance (L) and Minnesota Governor and Democratic vice presidential candidate Tim Walz. (Photo by ANGELA WEISS / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) AFP via Getty Images On October 1, Paramount Global's contract with ratings provider N ...
Paramount Shares Fall 29% YTD: How Should Investors Play the Stock?
ZACKS· 2024-09-26 16:41
Paramount Global (PARA) shares have declined 28.6% year to date (YTD), underperforming the broader Zacks Consumer Discretionary sector's appreciation of 3.5%. PARA shares have also lagged the Zacks Media Conglomerate industry and peers like Netflix (NFLX) , Fox (FOXA) and Walt Disney (DIS) . Over the same time frame, shares of Netflix, Fox and Walt Disney have gained 48.2%, 41.5% and 4%, respectively. The industry has appreciated 4.4% YTD. PARA shares' underperformance can be attributed to lower top-line gr ...
Paramount Resources: Playing The Natural Gas Recovery
Seeking Alpha· 2024-09-24 20:22
I analyze oil and gas companies like Paramount Resources and related companies in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign ...
Paramount To Complete '90%' of Planned Staff Cuts Tuesday, Report Says
Investopedia· 2024-09-24 18:05
Key Takeaways Paramount Global is reportedly moving forward Tuesday with the second phase of employee cuts it announced in August, according to a staff memo. Paramount said last month that it would lay off roughly 2,000 employees, or 15% of its workforce, ahead of its planned merger with Skydance Media. Paramount's co-CEOs called the decision part of a plan to "accelerate streaming profitability." Paramount Global (PARA) is moving ahead with the second phase of the roughly 15% workforce reduction it announc ...
Paramount Global bloodbath continues with ‘phase two' of planned 2K job cuts
New York Post· 2024-09-24 16:30
The bloodbath at Paramount Global continued Tuesday as the struggling media giant kicked off a second round of layoffs in its previously announced plans to cut 2,000 jobs. Paramount's co-CEOs George Cheeks, Chris McCarthy and Brian Robbins revealed in a memo that "90% of these reductions will be complete" by the end of Tuesday. "Like the entire media industry, we are working to accelerate streaming profitability while at the same time adjusting to the evolving landscape in our traditional businesses," the C ...
Paramount Initiates Next Round Of Layoffs In Ongoing Effort To Cut 15% Of U.S. Workforce
Deadline· 2024-09-24 12:02
Paramount Global has initiated the next phase of its plan to lay off 15% of its U.S. workforce, saying the cuts will be 90% complete after further cutbacks today. George Cheeks, Chris McCarthy and Brian Robbins conveyed the news to staffers in a memo this morning. (Read it in full below.) The Co-CEOs months ago said they were aiming to achieve $500 million in annual cost savings, with layoffs a key component in hitting that target. Sources have indicated to Deadline in recent days that the streaming organiz ...
The Zacks Analyst Blog Sirius, Royal Caribbean Cruises, Norwegian Cruise Line, Paramount and Crocs
ZACKS· 2024-09-17 10:25
For Immediate Releases Chicago, IL – September 17, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Sirius XM Holdings Inc. (SIRI) , Royal Caribbean Cruises Ltd. (RCL) , Norwegian Cruise Line Holdings Ltd. (NCLH) , Paramount Global (PARAA) and Crocs Inc. (CROX) . Here are highlights from Tuesday's Analyst Blog: Bu ...
REIT Paramount Group Suspends Dividend To 'Fortify' Balance Sheet
Investopedia· 2024-09-13 15:35
Key Takeaways Real estate investment trust Paramount Group on Friday suspended its quarterly dividend to "fortify" its balance sheet and allow for the "utmost financial flexibility." The dividend of $0.035 was set to be paid on Oct. 15. The move came soon after it was reported Paramount is in talks with lenders to sell its Market Center property in San Francisco. Paramount Group (PGRE) shares edged higher Friday as the real estate investment trust (REIT) that specializes in commercial properties suspended i ...