GM’s Silverado Takes the Crown, Lockheed Martin System Improvements, and 3 More Hot Stocks
General Motors (NYSE:GM): Chevrolet’s Silverado light-duty pickup has bested the Ram 1500 and Ford’s (NYSE:F) F-150 (among others) to claim the top-ranked pickup spot per Consumer Reports. However, though the competition was fierce (“you can’t go wrong with either one,” Consumer Reports explained), Seeking Alpha notes that the results could be indicative of Chevrolet’s new model, which is its first redesign for the truck since 2006.
Lockheed Martin (NYSE:LMT): The Department of Defense dropped the withholding of progress payments on Lockheed Martin’s F35 fighter jet program to 2 percent from 5 percent following the company’s report of making “significant progress” in fixing problems with its earned value management system that enables the company to track costs, schedules, and risks.
WellPoint Inc. (NYSE:WLP): Wellpoint added two health care veterans to its board: Elizabeth Tallett, with more than 35 years of biopharmaceutical and consumer-products experience; and John Short, the former CEO of RehabCare Group, which was acquired by Kindred Health Care in 2011.
Juniper Networks (NYSE:JNPR): Juniper launched OpenContrail, a software-defined networking controller that allows users to provision and program compatible network resources. It is also rebranding and announcing the availability of a version that comes with services and support that goes for $1,700 per CPU socket.
Garmin Ltd. (NASDAQ:GRMN): Garmin will be bringing two new editions to its Forerunner GPS watch lineup. The leading Forerunner 620, which will sell for $400, features a touchscreen, built-in Bluetooth, and Wi-Fi. The The $250 Forerunner 220, meanwhile, lacks a touchscreen and Wi-Fi but shares the remaining features with the 620. Garmin’s fitness-related gear generated $84.2 million in the second quarter, good for 12 percent of the company’s revenue.