The GovCon Index mirrored a narrow day of trading activity in U.S. markets Monday as it closed at a nominal gain of 0.049 points to 73.293.Large defense contractors in the Index are scheduled to report their third quarter earnings this week with Lockheed Martin (NYSE: LMT) set for Tuesday morning, Boeing (NYSE: BA) for Wednesday morning and Raytheon (NYSE: RTN) for Thursday morning.
Non-Index company United Technologies Corp. (NYSE: UTX), which has a pending sale of the Sikorsky Aircraft business to Lockheed for $9 billion, will report its earnings Tuesday morning.
U.S. investors digested Morgan Stanley‘s (NYSE: MS) earnings report that showed the bank’s profit fell for the second consecutive quarter and a report that showed China’s economic growth fell to 6.9 percent for the July-September period but still beat many economists’ forecasts, Reuters reported.
Top GovCon Index Gainers
| Company | $ Current Price | $ Change | % Change |
|---|---|---|---|
| Intelsat | 6.40 | +0.16 | +2.56% |
| Health Net | 64.68 | +1.50 | +2.37% |
| AECOM | 28.84 | +0.48 | +1.69% |
| Maximus | 67.60 | +1.08 | +1.62% |
| Raytheon | 112.89 | +1.59 | +1.43% |
Market Summary
| Advancing Issues | 15 |
| Declining Issues | 15 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 73.293 | +0.049 | +0.067% |
| S&P 500 | 2, 033.66 | +0.55 | +0.03% |
| Dow Jones Industrial Average | 17.230.54 | +14.57 | +0.08% |
| NASDAQ | 4, 905.47 | +18.78 | +0.38% |
