ICYMI: Paramount Skydance $PSKY ( ▲ 9.02% ) launched a hostile bid to buy Warner Bros. Discovery $WBD ( ▲ 4.41% ) after it lost out to Netflix $NFLX ( ▼ 3.44% ). Paramount will ask WBD shareholders to consider an all-cash, $30-per-share, $108.4 billion (enterprise value) offer. The "made-for-TV" one-liners write themselves.

The stat that caught our eye, however, was this: Paramount CEO David Ellison says he only values cable channels in Discovery Global (including CNN & Food Network) at $1/share. Yikes.

This saga is just getting started. But the $1/share tid-bit highlights just how quickly once-reliable cash-flowing networks are being written off.

— Brooks & Cas

Power Metallic Mines Inc (PNPNF) is gaining attention after releasing 2025 drill results from one of the most significant, high-grade platinum group metals discoveries in recent memory: the Lion Zone at Nisk.

With gold near record highs, silver above $50, and copper and battery metals advancing, PNPNF’s polymetallic deposits align with demand across precious and industrial metals.

Fully funded through 2026, the company is expanding high-grade zones and pursuing new discoveries across Nisk, Lion, and Tiger. Nisk provides diversified exposure to nickel, copper, cobalt, PGEs, gold, and silver from a stable jurisdiction.

Tightening supply and expectations for lower rates strengthen the case for ethically sourced North American metals. Supported by industry veterans and institutional capital, PNPNF may be positioned to benefit from the emerging polymetallic cycle.

Carvana $CVNA ( ▲ 12.06% ) after it was selected to join the S&P 500 later this month.

Confluent $CFLT ( ▲ 29.08% ) jumped after the Wall Street Journal reported IBM is in advanced talks to acquire the company for $11 billion.

Broadcom $AVGO ( ▲ 2.78% ) rose after reports that Microsoft may shift its custom chip work from Marvell, sending Marvell $MRVL lower.

Lumentum $LITE ( ▲ 3.36% ) gained after extending its strategic agreement with British semiconductor firm IQE.

Structure Therapeutics $GPCR ( ▲ 102.49% ) nearly doubled after reporting obesity pill trial results showing up to 11% weight loss at 36 weeks.

To monitor hot stocks in real time, check out The Street Feed.

Casey’s General Stores $CASY ( ▼ 0.09% ) has turned small towns into a big business. The chain started as a heartland fuel stop. It is now the third-largest convenience store operator in the country and one of the largest pizza makers. The stock has already had a strong run as the company expanded to nearly 3,000 locations and steadily took share.

Portfolio managers say the model feels like a modern Sam Walton playbook. Casey’s targets rural and exurban markets where competition is lighter but demand is steady. It built slowly, tightened control over its logistics network, and leaned into high-return formats. That discipline helps it serve far-flung communities profitably, where rivals struggle.

The result is one of the more consistent earnings stories in brick-and-mortar retail. Street forecasts call for earnings per share to grow 13% in fiscal 2026 and more than 11% the following year.

Casey’s edge is simple. It sells food people actually want. Pizza, prepared foods, and fresh grab-and-go items carry higher margins than fuel. They also keep customers coming back. Analysts note that years of inflation have made pizza an attractive value for families, which reinforces Casey’s role as a low-stress dinner option.

That food draw changes the fuel economics. Customers who come for pizza or breakfast sandwiches are less likely to drive across town to save a few cents on gas. Casey’s can focus on maximizing profit dollars at the pump instead of chasing the lowest posted price. Its fastest-growing categories are also its highest margin ones.

That mix gives Casey’s more flexibility to invest in kitchens, loyalty programs, and digital ordering. Smaller mom-and-pop operators cannot match that spending. Many end up selling, feeding Casey’s steady M&A opportunities.

Convenience retail remains highly fragmented. Even the biggest players control only a small slice of the market. Casey’s has the balance sheet and experience to keep consolidating. Its recent $1.2 billion purchase of Fikes Wholesale added almost 150 stores and gave it a foothold in Texas, one of the most important convenience store states.

If Casey’s can eventually match the share it holds in core Midwestern markets, Texas alone could support hundreds of additional locations. Analysts talk openly about the chain doubling its store count over the next decade if execution stays on track.

Valuation is not as cheap as it once was. The stock now trades above 30 times next year’s earnings, above its five-year average, after roughly doubling since early 2024. But for investors who believe in steady earnings, smart M&A, and the staying power of the $13 pizza and fuel stop, Casey’s still looks like a franchise worth paying up for.

Power Metallic Mines Inc (PNPNF) has released standout drill results from the Lion Zone at the Nisk Project, including 4.40 meters of 12.18% copper within 20.40 meters of 2.91% Cu. With gold above $4,300, silver over $50, and copper and battery metals climbing, PNPNF sits at the center of rising precious and industrial metals demand.

The fully funded 100,000-meter drill program through 2026 targets high-grade expansion across Nisk, Lion, and Tiger zones, giving investors rare exposure to ethically sourced polymetallic resources. The Nisk Project offers low costs, shallow deposits, proximity to Hydro-Québec power, and strong alignment with green mining initiatives.

As supply tightens and metals strengthen, PNPNF’s nickel, copper, cobalt, PGEs, gold, and silver position it as a potential North American leader in critical minerals.

Axios: Berkshire Hathaway $BRK.B ( ▼ 1.41% ) announced major leadership changes as Buffett prepares to retire.

Reuters: The EU approved Mars’ $36B purchase of Kellanova $K ( ▲ 0.36% ) after finding no competition concerns in the snacks and cereals mega deal.

WSJ: The Trump administration planned a $12B bailout for US farmers to offset damage from the president’s sweeping tariffs.

CNBC: Waymo $GOOGL ( ▼ 2.29% ) surpassed 450K weekly rides through its robotaxis, nearly doubling April levels as it widened its lead over Tesla in autonomous driving.

TechCrunch: OpenAI and Instacart $CART ( ▲ 0.72% ) launched in-chat grocery shopping in ChatGPT, letting users plan meals, build lists, and check out without leaving the app.

📈 Do you buy into Goldman’s high-upside basket?

▇▇▇▇▇ ❌ No

▇▇▇▇▇  ✅ Yes

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