Executive Mosaic’s GovCon Index traded lower Wednesday on declines by services-oriented contractors as U.S. stocks traded in narrow range with financial shares the main laggards and crude oil prices again a focal point of investor attention.
GovCon Index gainers outnumbered decliners by a 4-to-1 ratio as three of its 11 S&P 500 components closed green with pharmaceutical services provider and co-listed company McKesson Corp. (NYSE: MCK) the GCI’s overall top net performer.
Government services companies CACI International (NYSE: CACI) and S&P-500 listed CSRA (NYSE: CSRA) ended as the GCI’s two largest net decliners by at least $2.00 each.
GCI stocks down by more than $1.00 included Boeing (NYSE: BA), Engility Holdings (NYSE: EGL), AECOM (NYSE: ACM), ManTech International (Nasdaq: MANT), Science Applications International Corp. (NYSE: SAIC) and Cubic Corp. (NYSE: CUB).
Falls Church, Va.-based CSRA lowered its full-year sales guidance range after markets closed Tuesday with second quarter earnings above analysts’ expectations and revenue in-line.
McKesson closed just shy of a $1.00 gain despite the S&P healthcare index’s nominal decline of 0.14 percent.
Crude oil futures settled up 26 cents to $52.43 a barrel after the U.S. stockpile for last week rose to a level short of trader expectations as gasoline stocks decreased, Reuters reported.
Financial stocks tumbled 1 percent to lead four major S&P sectors lower with real estate the best performer among the remaining seven.
Market Summary
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 88.982 | -0.594 | -0.663% |
| S&P 500 | 2,294.67 | +1.59 | +0.07% |
| Dow Jones Industrial Average | 20,054.34 | -35.95 | -0.18% |
| NASDAQ | 5,682.45 | +8.24 | +0.15% |
| Advancing GovCon Index Issues | 6 |
| Declining GovCon Index Issues | 24 |
| Unchanged GovCon Index Issues | 0 |
Lowest GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –¾ | % Change |
|---|---|---|---|---|
| CACI | CACI International | 126.20 | -3.10 | -2.40% |
| CSRA | CSRA * | 30.30 | -2.25 | -6.91% |
| BA | Boeing * | 163.81 | -1.27 | -0.77% |
| MANT | ManTech International | 37.78 | -1.14 | -2.93% |
| CUB | Cubic Corp. | 46.50 | -1.10 | -2.31% |
Lowest GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –¾ |
|---|---|---|---|---|
| CSRA | CSRA * | 30.30 | -2.25 | -6.91% |
| EGL | Engility Holdings | 28.42 | -1.03 | -3.50% |
| MANT | ManTech International | 37.78 | -1.14 | -2.93% |
| ACM | AECOM | 37.03 | -1.09 | -2.86% |
| CACI | CACI International | 126.20 | -3.10 | -2.40% |
Top GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| MCK | McKesson Corp. * | 140.94 | +1.01 | +0.72% |
| LMT | Lockheed Martin * | 256.74 | +0.37 | +0.14% |
| BAESY | BAE Systems | 30.10 | +0.20 | +0.67% |
| RTN | Raytheon * | 148.19 | +0.07 | +0.05% |
| CAE | CAE | 14.13 | +0.03 | +0.21% |
Top GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| MCK | McKesson Corp. * | 140.94 | +1.01 | +0.72% |
| BAESY | BAE Systems | 30.10 | +0.20 | +0.67% |
| CAE | CAE | 14.13 | +0.03 | +0.21% |
| LMT | Lockheed Martin * | 256.74 | +0.37 | +0.14% |
| RTN | Raytheon * | 148.19 | +0.07 | +0.05% |
