Hello, Guest!
  • Friday, November 22, 2024

May 16 Market Close: GovCon Index Posts 1% Gain as Markets Welcome Buffett’s Apple Stake


GovConIndexUPThe GovCon Index posted its second gain of more than a full point in three weeks Monday to close up 1.052 points — or 1.366 percent — to 78.090.

Contractor stocks rode the wave of positivity in U.S. markets after Warren Buffett’s Berkshire Hathaway investment arm disclosed its now-$1 billion stake in Apple as of the first quarter’s end.

McKesson (NYSE: MCK) was the GCI’s largest gainer at $6.60 – or 3.98 percent – after the pharmaceutical services company announced an expanded generic drug supply partnership with Wal-Mart.

All 11 of the GovCon Index’s S&P 500-listed companies, which include McKesson, closed higher.

Booz Allen Hamilton (NYSE: BAH) will report its full-year and fourth-quarter financial results before markets open Wednesday.

Crude oil futures in New York settled up 2.8 percent to $47.49 a barrel while the global brent benchmark in London also ended 2.8 percent higher to $48.93.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change –´ % Change
MCK McKesson Corp.* 172.53 +6.60 +3.98%
HII Huntington Ingalls Industries 154.27 +2.03 +1.33%
BA Boeing* 134.14 +2.02 +1.53%
NOC Northrop Grumman* 215.73 +1.75 +0.82%
LLL L-3 Communications* 136.25 +1.74 +1.29%

*Also listed in the S&P 500 composite index

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change –´
MCK McKesson Corp.* 172.53 +6.60 +3.98%
MMS Maximus 54.69 +1.53 +2.88%
NAV Navistar International 11.55 +0.28 +2.48%
MANT ManTech International 35.13 +0.75 +2.18%
ACM AECOM 32.64 +0.69 +2.16%

Market Summary

Advancing GovCon Index Issues 29
Declining GovCon Index Issues 1
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 78.322 +0.963 +1.245%
S&P 500 2, 066.66 +20.05 +0.98%
Dow Jones Industrial Average 17, 710.71 +175.39 +1.00%
NASDAQ 4, 775.46 +57.78 +1.22%

Video of the Day

Related Articles

Himanshu Panchasara Named Managing Director/VP of Federal IT Solutions at Maximus Executive Moves

Himanshu Panchasara Named Managing Director/VP of Federal IT Solutions at Maximus

Himanshu Panchasara, a nearly decade-long veteran at General Dynamics‘ (NYSE: GD) information technology business, has joined Maximus (NYSE: MMS) to serve as managing director and vice president of federal IT solutions, he announced via LinkedIn. He brings to Maximus over 20 years of information technology experience, most recently serving as a service delivery manager at

Donna Settle Named Maximus VP of Business Development for Defense Executive Moves

Donna Settle Named Maximus VP of Business Development for Defense

Donna Settle, formerly vice president of business development at Global InfoTek, has been appointed VP of business development for defense at Maximus (NYSE: MMS), according to her LinkedIn post. In her new role, Settle will support the company’s defense market growth initiatives with a focus on the U.S. Air Force and Space Force. Before joining

Blue Delta Capital Partners Promotes Kevin Randolph to Principal Executive Moves

Blue Delta Capital Partners Promotes Kevin Randolph to Principal

Kevin Randolph, an associate at Blue Delta Capital Partners, has taken on the role of principal at the Tysons, Virginia-based growth-stage venture capital firm focused on the U.S. federal government market. He announced his promotion in a LinkedIn post published in late February. Randolph has been with Blue Delta since 2019. As an associate, he