Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results.
The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s 11 S&P 500-listed stocks in positive at the close.
Lockheed Martin (NYSE: LMT) starts second quarter earnings season for GovCon Index companies pre-market open Tuesday with Honeywell International (NYSE: HON) and Textron (NYSE: TXT) lined up for Friday before the opening bell.
Three GovCon Index stocks hit 52-week highs in intraday trade Monday: Lockheed Martin (NYSE: LMT), AECOM (NYSE: ACM) and Vectrus (NYSE: VEC).
Investors welcomed a second quarter earnings beat from Bank of America to become the third U.S. financial institution that exceeded analysts’ profit expectations for the April-June period, CNBC reported.
Financial and technology shares helped lift the S&P 500 while energy stocks lagged as crude oil futures in New York fell 1.48 percent to $45.27 a barrel on trader worries over a new supply glut worldwide.
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| BA | Boeing * | 133.43 | 1.04 | 0.79% |
| CSRA | CSRA * | 25.10 | 0.59 | 2.41% |
| MCK | McKesson Corp. * | 197.70 | 0.56 | 0.28% |
| TXT | Textron * | 38.99 | 0.24 | 0.62% |
| ACM | AECOM | 34.58 | 0.23 | 0.67% |
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| I | Intelsat | 2.95 | 0.11 | 3.87% |
| CSRA | CSRA * | 25.10 | 0.59 | 2.41% |
| NAV | Navistar International | 12.36 | 0.15 | 1.23% |
| BA | Boeing * | 133.43 | 1.04 | 0.79% |
| ACM | AECOM | 34.58 | 0.23 | 0.67% |
*Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | 9 |
| Declining GovCon Index Issues | 20 |
| Unchanged GovCon Index Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 81.586 | -0.233 | -0.285% |
| S&P 500 | 2, 166.89 | +5.15 | +0.24% |
| Dow Jones Industrial Average | 18, 533.05 | +16.50 | +0.09% |
| NASDAQ | 5, 055.78 | +26.19 | +0.52% |
