RY 178.99 1.5488% SHOP 160.81 0.7392% TD 75.42 -5.3226% ENB 61.85 0.7657% BN 84.99 -0.4568% TRI 237.89 0.3332% CNQ 46.76 0.3864% CP 107.17 -0.177% CNR 153.67 -0.376% BMO 137.97 2.8476% BNS 77.79 -0.0129% CSU 4695.5 -0.8445% CM 93.5 4.3876% MFC 46.04 1.3874% ATD 82.52 -0.2297% NGT 56.55 -2.8517% TRP 68.97 0.0871% SU 55.12 1.8477% WCN 267.67 -0.4352% L 193.3 3.463%
Company Overview: Paramount Global (NASDAQ: PARAA) is a media, streaming and entertainment company. The Company has three segments. TV Media segment consists of its broadcast operations.
US Markets Round-Up
The Russell 3000 index, a widely followed benchmark of the US stock market across various market capitalizations, started the week on a strong footing, but subsequently lost momentum and declined. The index made high of 3208.651 during the week and settled at 3169.457 with a week-to-date (WTD) gain of ~0.322 percent on Aug 22, 2024. Other major indices, such as S&P 500 and NASDAQ Composite displayed sideways move for the week. On Aug 22, 2024, the S&P 500 index settled at 5570.65 with a WTD gain of ~0.30% percent, while the NASDAQ Composite Index settled at 17619.35 with a WTD loss of ~ 0.07 percent.
Having understood the US market performance over the week, taking cues from major global news, and based on technical analysis of the Russell 3000 index for the upcoming week, now let’s have a look at the one US-listed stock to pick from the technical standpoint. Noted below recommendation is based on the entry price, target prices, and stop-loss for Paramount Global (NASDAQ: PARAA) for the next 2-4 weeks duration:
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