Executive Mosaic’s GovCon Index posted little change for a second consecutive session Monday on mixed results among its large-cap companies as U.S. stocks closed mostly lower due to a sell-off in consumer and energy sector shares that coincided with a decline in crude oil prices.
GovCon Index laggers outnumbered advancers and four of its 11 S&P 500 companies gained with Boeing (NYSE: BA) the best performer among co-listed stocks and Huntington Ingalls Industries (NYSE: HII) as the GCI’s top net gainer Monday.
Orbital ATK (NYSE: OA), Vectrus (NYSE: VEC) and AECOM (NYSE: ACM) rounded out the GCI’s top five net gainers in Monday trade.
Co-listed stocks Honeywell International (NYSE: HON) and General Dynamics (NYSE: GD) weighed as the GCI’s two lowest net performers.
Vectrus led GCI percentage performers to extend that stock’s stretch of volatility since its September disclosures of two major U.S. Army contract losses that included the company’s largest government program for logistics support services in Kuwait.
Engility Holdings (NYSE: EGL) closed down 7 cents to $30.05 after a morning open as high as 4 percent after the government services provider announced a potential five-year, $369 million contract to support the Federal Aviation Administration‘s NextGen air traffic control update initiative.
Third quarter earnings season starts for GovCon Index companies this week with Textron (NYSE: TXT) lined up as the first financial report due Thursday.
Energy stocks tumbled nearly 0.6 percent as crude futures in New York settled down 41 cents to $49.94 a barrel on continued oversupply concerns among traders.
Investors also weighed Federal Reserve Vice Chairman Stanley Fischer’s remark to the Economic Club of New York that a rate hike is not “simple” in the current economic climate even though he believes the central bank is close to its U.S. employment and inflation goals, Reuters reported.
Seven S&P 500 sectors fell with consumer the largest lagger and utilities the best performer.
Market Summary
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 79.199 | -0.024 | -0.030% |
| S&P 500 | 2, 126.50 | -6.48 | -0.30% |
| Dow Jones Industrial Average | 18, 085.86 | -52.52 | -0.29% |
| NASDAQ | 5, 199.82 | -14.34 | -0.27% |
| Advancing GovCon Index Issues | 11 |
| Declining GovCon Index Issues | 18 |
| Unchanged GovCon Index Issues | 1 |
Top GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| HII | Huntington Ingalls Industries | 159.27 | +2.67 | +1.70% |
| OA | Orbital ATK | 74.41 | +0.88 | +1.20% |
| VEC | Vectrus | 16.85 | +0.62 | +3.82% |
| BA | Boeing * | 134.00 | +0.50 | +0.37% |
| ACM | AECOM | 27.84 | +0.23 | +0.83% |
Top GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| VEC | Vectrus | 16.85 | +0.62 | +3.82% |
| HII | Huntington Ingalls Industries | 159.27 | +2.67 | +1.70% |
| OA | Orbital ATK | 74.41 | +0.88 | +1.20% |
| ACM | AECOM | 27.84 | +0.23 | +0.83% |
| KBR | KBR | 14.56 | +0.07 | +0.48% |
Lowest GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –¾ | % Change |
|---|---|---|---|---|
| HON | Honeywell International * | 108.04 | -0.96 | -0.88% |
| GD | General Dynamics * | 150.48 | -0.86 | -0.57% |
| MMS | Maximus | 53.98 | -0.60 | -1.10% |
| NAV | Navistar International | 22.17 | -0.50 | -2.21% |
| CACI | CACI International | 99.60 | -0.49 | -0.49% |
Lowest GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –¾ |
|---|---|---|---|---|
| NAV | Navistar International | 22.17 | -0.50 | -2.21% |
| BAH | Booz Allen Hamilton | 29.69 | -0.48 | -1.59% |
| CSRA | CSRA * | 25.89 | -0.30 | -1.15% |
| MMS | Maximus | 53.98 | -0.60 | -1.10% |
| GIB | CGI Group | 46.63 | -0.42 | -0.89% |
