Hello, Guest!
  • Friday, November 22, 2024

October 31 Morning Report: GovCon Index Records 1.039% Drop Friday to Close 5th Weekly Loss


GovConIndexDOWNExecutive Mosaic’s GovCon Index posted a 1.039-percent or 0.830-point decline Friday to close at 79.036 and record its fifth consecutive weekly loss.

Friday saw Northrop Grumman (NYSE: NOC) as the GCI’s best net performer followed by L-3 Communications (NYSE: LLL) and General Dynamics (NYSE: GD), while AECOM (NYSE: ACM), L-3 Communications and KBR (NYSE: KBR) were the Index’s top three percentage performers.

The following GCI-listed companies are scheduled to report third-quarter earnings this week:

  • Tuesday: Engility Holdings (NYSE: EGL), Harris Corp. (NYSE: HRS), ICF (Nasdaq: ICFI) and KBR
  • Wednesday: Booz Allen Hamilton (NYSE: BAH) and ManTech International (Nasdaq: MANT)
  • Thursday: Huntington Ingalls Industries (NYSE: HII) and Leidos Holdings (NYSE: LDOS)

Market Summary

Index Value Net Change % Change
GovCon Index 79.036 -0.830 -1.039%
S&P 500 2, 133.04 -6.39 -0.30%
Dow Jones Industrial Average 18, 169.68 -29.65 -0.16%
NASDAQ 5, 215.97 -34.29 -0.65%
Advancing GovCon Index Issues 21
Declining GovCon Index Issues 7
Unchanged GovCon Index Issues 2

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change –¾ % Change
MCK McKesson Corp.* 124.11 -36.39 -22.67%
CACI CACI International 98.30 -0.95 -0.96%
MMS Maximus 52.17 -0.81 -1.53%
LMT Lockheed Martin* 248.00 -0.53 -0.21%
EGL Engility Holdings 28.62 -0.47 -1.62%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change –¾
MCK McKesson Corp.* 124.11 -36.39 -22.67%
EGL Engility Holdings 28.62 -0.47 -1.62%
MMS Maximus 52.17 -0.81 -1.53%
CACI CACI International 98.30 -0.95 -0.96%
MANT ManTech International 38.45 -0.26 -0.67%

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change –´ % Change
NOC Northrop Grumman* 228.38 +3.03 +1.34%
LLL L-3 Communications* 140.10 +2.35 +1.71%
GD General Dynamics* 151.50 +1.37 +0.91%
COL Rockwell Collins 83.45 +1.30 +1.58%
HON Honeywell International* 109.83 +1.00 +0.92%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change –´
ACM AECOM 27.88 +0.51 +1.86%
LLL L-3 Communications* 140.10 +2.35 +1.71%
KBR KBR 15.00 +0.25 +1.69%
COL Rockwell Collins 83.45 +1.30 +1.58%
CSRA CSRA* 24.95 +0.34 +1.38%

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

GovCon Index, Major US Indexes Ended With Losses on Weak April Start Financial Reports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start

Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from their slump.