You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.

Happy Monday Zingernation! If your Fourth of July weekend was anything like mine, chances are you ate a few hot dogs. And I don’t love ketchup on my dogs, but I do like dipping my toe in some catch-up trades in the market. Speaking of catch-up trades, here are some beaten-down names with recent insider buys.

—Aaron Bry & Nic Chahine

Plus, trying to take your option trading to the next level? Check out today’s partner.

MARKET SNAPSHOT

Last Week: All major indices closed in the green, closing the week right around all-time highs as softer-than-expected labor data helped fuel rate cut optimism once again on Wall Street.

On Our Radar: Market looks to open quietly higher this morning as traders and investors await crucial CPI and PPI data later this week. Bitcoin caught a bounce over the weekend to reclaim the $57,000 level.

TOP STORY

Paramount Global And Skydance Media Ink $28B Merger, Forming New Entity

Briefly: Paramount and Skydance Media have inked a definitive agreement to create a new entity, “New Paramount,” in a $28 billion merger deal.

What Happened: The merger, announced on Sunday, will see the formation of a “next-generation media and technology leader,” according to a press release from Skydance Media. The deal involves the acquisition of National Amusements, Inc., which holds the controlling stake in Paramount, and a subsequent merger of Skydance and Paramount Global.

So: The transaction, if finalized, would mark the end of a tumultuous and complex merger process. The deal includes the acquisition of National Amusements, the controlling shareholder of Paramount, by Ellison, followed by the merger of Skydance with Paramount. This move would bring an end to the Redstone family’s four-decade-long control of the media empire. Here’s how traders are navigating the deal.

PRESENTED BY CBOE

FIVE ZINGERS

Calls For Days: No, not option contracts. But here are the top analyst calls heading into the week.

Glass Ceiling: Corning, Apple’s glass supplier, raised guidance sending the stock higher by more than 5% this morning. Here’s what’s going on.

Thing Behind The Thing: Taiwan Semiconductor, the manufacturer behind NVIDIA chips, is getting an upgrade ahead of earnings.

The Best Of The Best: Mega-cap names like Apple and Meta are trading around all-time highs. But which one do analysts and traders like the most?

Health Of The Market: Biotech stocks are starting to perk up, and here are some names that could be prone for a breakout in the next few weeks.

ONE FOR THE ROAD

Boeing Strikes Plea Deal With DOJ For Defrauding US Regulator Over 737 MAX Safety

Briefly: Embattled aerospace company Boeing has agreed to plead guilty to criminal conspiracy to defraud the U.S. by allegedly misleading the Federal Aviation Administration regarding the safety of its 737 MAX, a late-Sunday court filing by the Department of Justice said, according to media reports.

What Happened: Boeing has agreed to pay up to $487.2 million, the maximum allowed by law, in criminal fines following an agreement in principle with the Justice Department. A judge will determine the actual fine amount, the DOJ reportedly said.

So: The agreement also requires Boeing to install a corporate monitor and spend at least $455 million to bolster its compliance and safety programs over the next three years. The implementation of the terms of the agreement is subject to court approval. Here’s how the plea deal could impact share prices throughout the next few weeks.

PRESENTED BY CBOE

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.