Executive Mosaic’s GovCon Index set a third straight record-high close Friday to a third consecutive weekly gain in a shortened U.S. stock trading session as financial markets closed at 1 p.m. Eastern time.
GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and all 11 of its S&P 500 stocks closed green with Huntington Ingalls Industries (NYSE: HII) the GCI’s top overall net performer and McKesson Corp. (NYSE: MCK) the best for co-listed stocks.
The S&P 500 composite index also closed at a record high for a third straight day.
HII’s gain exceeded $3.00 and second-best Rockwell Collins (NYSE: COL) added $2.00 with the GCI’s remaining top five net gainers above $1.00 alongside sixth-ranked Orbital ATK (NYSE: OA) and seventh-best L-3 Communications (NYSE: LLL).
The GovCon Index and S&P 500 have posted respective gains of 3.29 percent and 2.26 percent over two full weeks post-election as investors continue to key on defense and government contracting stocks and other sectors seen as slated to benefit from President-elect Donald Trump’s economic policies.
Nine GovCon Index stocks hit new 52-week highs during Friday trade: General Dynamics, L-3 Communications (NYSE: LLL), Textron (NYSE: TXT), Engility Holdings (NYSE: EGL), ICF (Nasdaq: ICFI), ManTech International (Nasdaq: MANT), Navistar International (NYSE: NAV) and Science Applications International Corp. (NYSE: SAIC).
Utilities led nine S&P 500 sectors higher with energy and financials the only decliners.
Market Summary
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 89.518 | +0.641 | +0.721% |
| S&P 500 | 2, 213.35 | +8.63 | +0.39% |
| Dow Jones Industrial Average | 19, 152.14 | +68.96 | +0.36% |
| NASDAQ | 5, 398.92 | +18.24 | +0.34% |
| Advancing GovCon Index Issues | 25 |
| Declining GovCon Index Issues | 5 |
| Unchanged GovCon Index Issues | 0 |
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| HII | Huntington Ingalls Industries | 180.80 | +3.08 | +1.73% |
| COL | Rockwell Collins | 92.96 | +2.06 | +2.27% |
| MCK | McKesson Corp. * | 143.07 | +1.80 | +1.27% |
| GD | General Dynamics * | 172.08 | +1.53 | +0.90% |
| LMT | Lockheed Martin * | 265.92 | +1.52 | +0.57% |
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| COL | Rockwell Collins | 92.96 | +2.06 | +2.27% |
| EGL | Engility Holdings | 37.67 | +0.70 | +1.89% |
| HII | Huntington Ingalls Industries | 180.80 | +3.08 | +1.73% |
| OA | Orbital ATK | 87.95 | +1.40 | +1.62% |
| MCK | McKesson Corp. * | 143.07 | +1.80 | +1.27% |
Lowest GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –¾ | % Change |
|---|---|---|---|---|
| CACI | CACI International | 128.50 | -0.25 | -0.19% |
| CAE | CAE | 14.49 | -0.19 | -1.29% |
| KBR | KBR | 16.94 | -0.19 | -1.11% |
| MMS | Maximus | 57.33 | -0.13 | -0.23% |
| GIB | CGI Group | 47.87 | -0.01 | -0.02% |
Lowest GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –¾ |
|---|---|---|---|---|
| CAE | CAE | 14.49 | -0.19 | -1.29% |
| KBR | KBR | 16.94 | -0.19 | -1.11% |
| MMS | Maximus | 57.33 | -0.13 | -0.23% |
| CACI | CACI International | 128.50 | -0.25 | -0.19% |
| GIB | CGI Group | 47.87 | -0.01 | -0.02% |
