Executive Mosaic’s GovCon Index ended at an all-time record close for a fourth session over the last five Tuesday and briefly touched the 90-point barrier for the first time in its two-year history during afternoon trade to resume its post-election rally with defense stocks in particular strong performers.
The U.S. equity benchmark S&P 500 also climbed Tuesday on contributions from healthcare and real estate shares as energy stocks tumbled ahead of the OPEC production meeting scheduled for Wednesday in Vienna, Austria.
GovCon Index gainers outnumbered decliners by a 2-to-1 ratio Tuesday and nine of its 11 S&P 500 stocks advanced with co-listed Northrop Grumman (NYSE: NOC) the top net performer for the overall GCI in Tuesday trade.
Fellow GCI-S&P 500 components and defense primes Lockheed Martin (NYSE: LMT), General Dynamics (NYSE: GD) and L-3 Communications‘ (NYSE: LLL) all added at least $2.00 each as government services contractor CACI International (NYSE: CACI) also broke the $2.00-gain mark.
Four other GovCon Index stocks posted gains above $1.00: Boeing (NYSE: BA), Raytheon (NYSE: RTN), Leidos Holdings (NYSE: LDOS) and Booz Allen Hamilton (NYSE: BAH).
Booz Allen closed as the GCI’s top percentage mover and hit a new 52-week high during the session after the McLean, Virginia-based government services contractor announced its $250 million acquisition of Aquilent, a digital and cloud computing services provider to federal agencies.
Ten other GCI components hit 52-week highs during the session: Boeing, General Dynamics, Northrop, CSRA (NYSE: CSRA), L-3, Textron (NYSE: TXT), CACI, Huntington Ingalls Industries (NYSE: HII), ICF (Nasdaq: ICFI) and Science Applications International Corp. (NYSE: SAIC).
GCI-S&P 500 stock McKesson Corp. (NYSE: MCK) weighed as the GovCon Index’s largest net decliner despite a 0.65-percent rise in the S&P healthcare index.
Crude oil futures in New York tumbled 3.9 percent to $45.23 a barrel a day after the benchmark rose 2.2 percent as traders showed concern over a disagreement among OPEC members on an output reduction during their Vienna meeting, Bloomberg reported.
Nine S&P 500 sectors closed higher with healthcare the best performer.
Market Summary
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 89.835 | +0.522 | +0.584% |
| S&P 500 | 2, 204.76 | +3.04 | +0.14% |
| Dow Jones Industrial Average | 19, 097.90 | +23.70 | +0.12% |
| NASDAQ | 5, 379.92 | +11.11 | +0.21% |
| Advancing GovCon Index Issues | 21 |
| Declining GovCon Index Issues | 9 |
| Unchanged GovCon Index Issues | 0 |
Top GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| NOC | Northrop Grumman * | 251.80 | +2.84 | +1.14% |
| CACI | CACI International | 130.65 | +2.50 | +1.95% |
| LMT | Lockheed Martin * | 266.58 | +2.47 | +0.94% |
| GD | General Dynamics * | 175.13 | +2.46 | +1.42% |
| LLL | L-3 Communications * | 158.63 | +2.11 | +1.35% |
Top GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| BAH | Booz Allen Hamilton | 38.20 | +1.00 | +2.69% |
| LDOS | Leidos Holdings | 51.26 | +1.01 | +2.01% |
| GIB | CGI Group | 48.71 | +0.95 | +1.99% |
| CACI | CACI International | 130.65 | +2.50 | +1.95% |
| CSRA | CSRA * | 32.45 | +0.62 | +1.95% |
Lowest GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –¾ | % Change |
|---|---|---|---|---|
| MCK | McKesson Corp. * | 141.25 | -1.58 | -1.11% |
| ACM | AECOM | 36.22 | -0.75 | -2.03% |
| MMS | Maximus | 56.26 | -0.64 | -1.12% |
| HON | Honeywell International * | 113.34 | -0.51 | -0.45% |
| KBR | KBR | 16.48 | -0.47 | -2.77% |
Lowest GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –¾ |
|---|---|---|---|---|
| KBR | KBR | 16.48 | -0.47 | -2.77% |
| ACM | AECOM | 36.22 | -0.75 | -2.03% |
| MMS | Maximus | 56.26 | -0.64 | -1.12% |
| MCK | McKesson Corp. * | 141.25 | -1.58 | -1.11% |
| HON | Honeywell International * | 113.34 | -0.51 | -0.45% |
