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  • Friday, April 26, 2024

July 15 Market Close: GovCon Index Flat Ahead of 2Q Earnings Season’s Start


GovConIndexDOWNExecutive 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

SymbolCompany$ Current PriceNet Change ▴% Change
LLLL-3 Communications *149.791.000.67%
LMTLockheed Martin *256.980.980.38%
OAOrbital ATK86.290.941.10%
BABoeing *132.390.840.64%
VECVectrus31.250.551.79%

Top GovCon Index Percentage Gainers

SymbolCompany$ Current PriceNet Change% Change ▴
IIntelsat2.840.155.58%
VECVectrus31.250.551.79%
OAOrbital ATK86.290.941.10%
LLLL-3 Communications *149.791.000.67%
BABoeing *132.390.840.64%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues13
Declining GovCon Index Issues16
Unchanged GovCon Index Issues1
IndexValueNet Change% Change
GovCon Index81.819-0.004-0.005%
S&P 5002, 161.74-2.01-0.09%
Dow Jones Industrial Average18, 516.55+10.14+0.11%
NASDAQ5, 029.59-4.47-0.09%

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