Hello, Guest!
  • Friday, November 22, 2024

December 12 Morning Report: GovCon Index Registers 6th Straight Weekly Gain as Defense Stocks Continue Post-Election Rally


Executive Mosaic™s GovCon Index closed Friday up 0.476 percent to 90.426, with gainers outnumbering laggers by a 2-to-1 ratio, as the climb of defense stocks continues following the election of Donald Trump.

McKesson Corp. (NYSE: MCK) was the GCI™s top net advancer while Science Applications International Corp. (NYSE: SAIC) was the top percentage performer as the Index saw its sixth consecutive weekly gain with a 14.75-percent increase over that period.

S&P 500 composite index rose 6.26 percent over six weeks and hit an all-time record Friday of 2, 259.53 for its fifth straight weekly advance.

Market Summary

Index Value Net Change % Change
GovCon Index 90.426 +0.428 +0.476%
S&P 500  2, 259.53 +13.34 +0.59%
Dow Jones Industrial Average 19, 756.85 +142.04 +0.72%
NASDAQ 5, 444.50 +27.14 +0.50%
Advancing GovCon Index Issues 19
Declining GovCon Index Issues 10
Unchanged GovCon Index Issues 1

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change –´ % Change
MCK McKesson Corp. * 146.25 +2.91 +2.03%
SAIC SAIC 88.65 +2.74 +3.19%
GD General Dynamics * 175.39 +1.72 +0.99%
BA Boeing * 156.49 +1.10 +0.71%
OA Orbital ATK 87.88 +0.72 +0.83%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change –´
SAIC SAIC 88.65 +2.74 +3.19%
MCK McKesson Corp. * 146.25 +2.91 +2.03%
KBR KBR 17.60 +0.23 +1.32%
MANT ManTech International 45.49 +0.53 +1.18%
EGL Engility Holdings 38.90 +0.39 +1.01%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change –¾ % Change
HRS Harris Corp. * 105.51 -0.40 -0.38%
GIB CGI Group 47.04 -0.32 -0.68%
COL Rockwell Collins 94.37 -0.31 -0.33%
BAH Booz Allen Hamilton 37.70 -0.19 -0.50%
VEC Vectrus 24.19 -0.15 -0.62%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change –¾
GIB CGI Group 47.04 -0.32 -0.68%
VEC Vectrus 24.19 -0.15 -0.62%
BAH Booz Allen Hamilton 37.70 -0.19 -0.50%
CAE CAE 14.57 -0.07 -0.48%
HRS Harris Corp. * 105.51 -0.40 -0.38%

Video of the Day

Related Articles

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted Executive Moves

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted

Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defense in his

Video: Inside the AI Revolution with Digital Scienceā€™s Stephen Leicht Artificial Intelligence

Video: Inside the AI Revolution with Digital Scienceā€™s Stephen Leicht

Artificial intelligence advancements have made major waves across government and industry in the last year. While AI holds great promise and potential for technological innovation, it can also be extremely risky, especially in the hands of our adversaries and competitors. Digital Science PresidentĀ Stephen Leicht explored the benefits, risks, threats and opportunities unlocked by AI in

Hai Nguyen Promoted to Procurement VP at BlueHalo Executive Moves

Hai Nguyen Promoted to Procurement VP at BlueHalo

Hai Nguyen, formerly director of procurement at BlueHalo, was elevated to the role of vice president of procurement at the Arlington, Virginia-based provider of capabilities in space, counter unmanned aerial systems and autonomous systems, electronic warfare and cyber and artificial intelligence/machine learning. He announced his promotion via LinkedIn and expressed excitement about helping BlueHalo transform