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  • Friday, November 22, 2024

June 13 Morning Report: GCI Posts 4th Straight Weekly Gain on Strong Defense Contractor Stocks


GovConIndexDOWNThe GovCon Index closed Friday with a decline of 0.551 points to 79.942 but ended with its fourth consecutive weekly gain with a 1.20-percent increase.

Upgrades to prime defense contractor stocks including L-3 Communications (NYSE: LLL) and strong performances from Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) helped drive the Index’s climb.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change –´ % Change
 MANT  ManTech Intern. 36.18 +0.58 +1.36
 CSRA  CSRA* 24.26 +0.56 +2.36
 VEC  Vectrus 26.23 +0.38 +1.47
 SAIC  SAIC 57.32 +0.16 +0.28
 RTN  Raytheon 136.66 +0.05 +0.04

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change –´
 CSRA  CSRA* 24.26 +0.56 +2.36
 MANT  ManTech Intern. 36.18 +0.58 +1.63
 VEC  Vectrus 26.23 +0.38 +1.47
 SAIC  SAIC 57.32 +0.16 +0.28
 RTN  Raytheon* 136.66 +0.05 +0.04

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 5
Declining GovCon Index Issues 24
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 79.942 -0.551 -0.6855
S&P 500 2, 096.07  -19.41 -0.92%
Dow Jones Industrial Average 17, 865.34 -119.85 -0.67%
NASDAQ 4, 894.55 -64.07 -1.29%

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