Para, TSLA, MGM, and Other Stocks

Welcome to Extreme Investor Network, where we bring you the latest news and insights in the world of finance. Today, we’re diving into the companies making headlines in midday trading.

First up, Paramount Global saw a 9% jump in its stock after news broke that Skydance Media has reached a preliminary merger deal with controlling shareholder National Amusements. This is an exciting development that is being closely watched by investors.

Tesla, the electric vehicle giant, saw a 6% surge in its stock following better-than-expected deliveries in the second quarter. Analysts are bullish on the company, with Wedbush analyst Dan Ives raising his price target to $300.

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MGM Resorts International also had a good day, with shares moving 3.5% higher after BTIG initiated coverage with a buy rating and a 52% price target. The firm praised MGM’s diversification strategy, which is expected to drive growth.

On the flip side, Constellation Brands saw a slight dip in its stock after reporting first-quarter sales slightly below expectations. Despite posting better-than-expected earnings, the company’s wine and spirits business saw a decline in sales.

In the commodities market, metal ETFs like silver, gold, and copper miners were trading higher as the U.S. dollar weakened following dovish remarks from Federal Reserve Chair Jerome Powell. This is a trend that investors should keep an eye on.

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Lastly, Constellation Energy saw a 2.7% increase in its stock after reports surfaced about possible talks with Pennsylvania officials regarding a restart of part of its Three Mile Island facility. This is a development that could have significant implications for the energy sector.

Stay tuned to Extreme Investor Network for more updates on these companies and other developments in the finance world. Don’t miss out on valuable insights that can help you make informed investment decisions. Join our community of extreme investors today!

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