Fast-paced Momentum Stock Paramount Global (PARAA) Is Still Trading at a Bargain

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]