Executive Mosaic’s GovCon Index fell into narrow range mid-morning after a positive open Friday as defense and contracting stocks ended the week-long rally ahead of the start of second quarter earnings season Tuesday.
The GovCon Index posted a nominal loss of 0.004 points to 81.819 but ended the week up 1.257 percent, while the S&P 500 composite index with 11 GCI stocks recorded a gain of 1.459 percent over five days despite a Friday decline that ended the market bellwether’s streak of four consecutive record high closes.
AECOM (NYSE: ACM) and Vectrus (NYSE: VEC) both reached 52-week highs during intraday trade and the latter closed 5 cents shy of that benchmark.
Lockheed Martin (NYSE: LMT) added 98 cents with 3.44 million shares traded versus the 10-day moving average volume of 2.7 million.
Bethesda, Maryland-based Lockheed will be the first GovCon Index company to report second quarter earnings with its statement due before markets open Tuesday.
Honeywell International (NYSE: HON) and Textron (NYSE: TXT) will release their April-to-June results Friday prior to the opening bell.
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| LLL | L-3 Communications * | 149.79 | 1.00 | 0.67% |
| LMT | Lockheed Martin * | 256.98 | 0.98 | 0.38% |
| OA | Orbital ATK | 86.29 | 0.94 | 1.10% |
| BA | Boeing * | 132.39 | 0.84 | 0.64% |
| VEC | Vectrus | 31.25 | 0.55 | 1.79% |
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| I | Intelsat | 2.84 | 0.15 | 5.58% |
| VEC | Vectrus | 31.25 | 0.55 | 1.79% |
| OA | Orbital ATK | 86.29 | 0.94 | 1.10% |
| LLL | L-3 Communications * | 149.79 | 1.00 | 0.67% |
| BA | Boeing * | 132.39 | 0.84 | 0.64% |
*Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | 13 |
| Declining GovCon Index Issues | 16 |
| Unchanged GovCon Index Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 81.819 | -0.004 | -0.005% |
| S&P 500 | 2, 161.74 | -2.01 | -0.09% |
| Dow Jones Industrial Average | 18, 516.55 | +10.14 | +0.11% |
| NASDAQ | 5, 029.59 | -4.47 | -0.09% |
