The GovCon Index posted its second gain of more than a full point in three weeks Monday to close up 1.052 points — or 1.366 percent — to 78.090.
Contractor stocks rode the wave of positivity in U.S. markets after Warren Buffett’s Berkshire Hathaway investment arm disclosed its now-$1 billion stake in Apple as of the first quarter’s end.
McKesson (NYSE: MCK) was the GCI’s largest gainer at $6.60 – or 3.98 percent – after the pharmaceutical services company announced an expanded generic drug supply partnership with Wal-Mart.
All 11 of the GovCon Index’s S&P 500-listed companies, which include McKesson, closed higher.
Booz Allen Hamilton (NYSE: BAH) will report its full-year and fourth-quarter financial results before markets open Wednesday.
Crude oil futures in New York settled up 2.8 percent to $47.49 a barrel while the global brent benchmark in London also ended 2.8 percent higher to $48.93.
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change ▴ | % Change |
|---|---|---|---|---|
| MCK | McKesson Corp.* | 172.53 | +6.60 | +3.98% |
| HII | Huntington Ingalls Industries | 154.27 | +2.03 | +1.33% |
| BA | Boeing* | 134.14 | +2.02 | +1.53% |
| NOC | Northrop Grumman* | 215.73 | +1.75 | +0.82% |
| LLL | L-3 Communications* | 136.25 | +1.74 | +1.29% |
*Also listed in the S&P 500 composite index
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change ▴ |
|---|---|---|---|---|
| MCK | McKesson Corp.* | 172.53 | +6.60 | +3.98% |
| MMS | Maximus | 54.69 | +1.53 | +2.88% |
| NAV | Navistar International | 11.55 | +0.28 | +2.48% |
| MANT | ManTech International | 35.13 | +0.75 | +2.18% |
| ACM | AECOM | 32.64 | +0.69 | +2.16% |
Market Summary
| Advancing GovCon Index Issues | 29 |
| Declining GovCon Index Issues | 1 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 78.322 | +0.963 | +1.245% |
| S&P 500 | 2, 066.66 | +20.05 | +0.98% |
| Dow Jones Industrial Average | 17, 710.71 | +175.39 | +1.00% |
| NASDAQ | 4, 775.46 | +57.78 | +1.22% |
