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  • Friday, November 22, 2024

January 30 Morning Report: GovCon Index Gets Boost From General Dynamics’ Positive 3-Year Sales Outlook


Executive Mosaic’s GovCon Index posted a 0.257-percent gain to 88.929 Friday despite decliners outnumbering gainers by a 2-to-1 ratio as General Dynamics (NYSE: GD) recorded an all-time high on a positive three-year sales outlook.

General Dynamics, which was GCI’s top net and percentage performer, said in an earnings call it expects revenue to increase 5.6 percent annually through 2020.

The Index ended the week flat as 17 of the 30 listed stocks registered gains.

Market Summary

Index Value Net Change % Change
GovCon Index 88.929 +0.229 +0.257%
S&P 500 2,296.68 -1.69 -0.07%
Dow Jones Industrial Average 20,100.91 -32.40 -0.16%
NASDAQ 5,655.18 -1.16 -0.02%
Advancing GovCon Index Issues 11
Declining GovCon Index Issues 19
Unchanged GovCon Index Issues 0

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change % Change
GD General Dynamics* 185.14 +7.84 +4.42%
RTN Raytheon* 145.88 +2.98 +2.09%
NOC Northrop Grumman* 229.83 +2.87 +1.26%
LLL L3 Technologies* 158.41 +2.76 +1.77%
HRS Harris Corp.* 102.53 +1.30 +1.28%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change
GD General Dynamics* 185.14 +7.84 +4.42%
RTN Raytheon* 145.88 +2.98 +2.09%
LLL L3 Technologies* 158.41 +2.76 +1.77%
HRS Harris Corp.* 102.53 +1.30 +1.28%
NOC Northrop Grumman* 229.83 +2.87 +1.26%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change % Change
HII Huntington Ingalls Industries 191.53 -2.77 -1.43%
MCK McKesson Corp.* 136.74 -1.81 -1.31%
LMT Lockheed Martin* 253.50 -1.47 -0.58%
BA Boeing* 167.70 -1.42 -0.84%
TXT Textron* 47.77 -0.74 -1.53%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change
ACM AECOM 37.87 -0.72 -1.87%
TXT Textron* 47.77 -0.74 -1.53%
HII Huntington Ingalls Industries 191.53 -2.77 -1.43%
MCK McKesson Corp.* 136.74 -1.81 -1.31%
VEC Vectrus 22.96 -0.28 -1.20%

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