Executive Mosaic’s GovCon Index closed up on the day as markets responded positively to the Federal Reserve raising the benchmark lending rate.
Not to anybody’s surprise the Federal Reserve raised rates by one quarter point to 1.0 percent, while also giving a strong indication for two additional rate increases later in the year.
Of the thirty stocks that make up the GovCon Index all but two advanced on the day with Navistar (NYSE:NAV) up 5.40 percent and Cubic (NYSE:CUB) up 2.46 percent leading the way.
WTI reversed is downward slid closing up 2.47% to $48.90 per barrel; still off it’s thirty day high of $54.45 (from Feb. 23).
Market Summary
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 93.593 | +0.71 | +0.764% |
| S&P 500 | 2,385.26 | +19.81 | +0.84% |
| Dow Jones Industrial Average | 20,950.10 | +112.73 | +0.54% |
| NASDAQ | 5,900.05 | +43.23 | +0.74% |
| Advancing GovCon Index Issues | 28 |
| Declining GovCon Index Issues | 2 |
| Unchanged GovCon Index Issues | 0 |
Top GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| NAV | Navistar | 27.32 | +1.40 | +5.40% |
| CUB | Cubic Corp. | 52.15 | +1.25 | +2.46% |
| VEC | Vectrus | 22.11 | +0.48 | +2.22% |
| LDOS | Leidos Holdings | 54.87 | +1.19 | +2.22% |
| MANT | ManTech Intern. | 36.87 | +0.80 | +2.22% |
Top GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| GD | General Dynamics * | 191.66 | +1.91 | +1.01% |
| CACI | CACI Intern. | 125.45 | +1.75 | +1.41% |
| OA | Orbital ATK | 101.46 | +1.40 | +1.40% |
| NAV | Navistar Intern. | 27.32 | +1.40 | +5.40% |
| LMT | Lockheed Martin * | 269.40 | +1.40 | +0.52% |
*Companies Included in S&P500 Index
