GM May Offer More Diesel Options, Eli Lilly Cashes in on Rival’s Falter, and 3 More Hot Stocks
General Motors (NYSE:GM): Automotive News reports that GM is working to bring diesel engine options to its new Chevy Colorado and GMC Canyon trucks, as a part of a growing movement that’s seeing more diesel units showing up in American pickup trucks. Unlike the Silverado and Sierra, though, the Canyon and Colorado will be smaller, mid-size pickups, and will likely come quipped with a version of GM’s 2.5 liter or 2.8 liter four-cylinder Duramax turbodiesels, which are already in service abroad, the publication said.
Eli Lilly and Company (NYSE:LLY): Merck & Co.’s decision to halt sales of its Zilmax cattle feed additive due to health concerns seems to be giving Eli Lilly’s Elanco Animal Health division a positive push. Its Optaflexx product is in such high demand that the company is telling some new customers that it’s unable to supply them immediately, although Elanco is denying that it’s unable to meet the demand.
Goldman Sachs (NYSE:GS) A trading hiccup last week may have cost the bank tens of millions and has resulted in four traders being put on leave while the bank investigates exactly what happened. Apparently, Goldman accidentally sent thousands of orders for options contracts to exchanges after a systems upgrade went amiss.
BHP Billiton (NYSE:BHP): “We have the best undeveloped greenfield mine on offer to the world. We will be prepared to respond very quickly to the market when it’s needed,” said CEO Andrew Mackenzie in an interview with the Australian Broadcasting Corp.’s ‘Inside Business’ program as the company reaffirms its plans to pursue a Potash venture. Potential partners are in “a wider range than just some of our mining peers that would be interested in a project like this,” MacKenzie added.
Hasbro, Inc. (NYSE:HAS): Citi Investment Research is confident that a new line of products at Hasbro could jumpstart sales as a Funny or Die board game and the latest talking Elmo doll both look promising to the firm. Further up the pipeline, the new lineup of Star Wars movies could provide some much needed opportunities as well as the toy sector has fallen into a lull this year.