Executive Mosaic’s GovCon Index closed Friday with a gain of 0.289 points to 81.788 but remained in the negative with a nominal five-day 0.031-point drop.The decline comes amid the large selloff of stocks in the defense and GovCon sectors Thursday as reports on second-quarter earnings among government contracting companies start coming in.
GCI second-quarter reports Friday came from Honeywell International (NYSE: HON), which topped Wall Street’s earnings forecast, and Textron (NYSE: TXT), which exceeded analyst expectations on both earning forecast and consensus revenue estimate.
Boeing (NYSE: BA) will report Wednesday and other U.S. defense primes such as General Dynamics (NYSE: GD), Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) are also scheduled for next week.
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change ▴ | % Change |
|---|---|---|---|---|
| LMT | Lockheed Martin* | 257.31 | 3.17 | 1.25% |
| CACI | CACI International | 94.85 | 1.86 | 2.00% |
| LDOS | Leidos Holdings | 50.40 | 1.49 | 3.05% |
| NOC | Northrop Grumman* | 219.60 | 1.39 | 0.64% |
| SAIC | Science Applications International Corp. | 61.21 | 1.33 | 2.22% |
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change ▴ |
|---|---|---|---|---|
| LDOS | Leidos Holdings | 50.40 | 1.49 | 3.05% |
| SAIC | Science Applications International Corp. | 61.21 | 1.33 | 2.22% |
| CACI | CACI International | 94.85 | 1.86 | 2.00% |
| MMS | Maximus | 59.69 | 1.04 | 1.7% |
| CSRA | CSRA* | 25.56 | 0.43 | 1.71% |
Market Summary
| Advancing GovCon Index Issues | 17 |
| Declining GovCon Index Issues | 12 |
| Unchanged GovCon Index Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 81.788 | +0.289 | +0.355% |
| S&P 500 | 2, 175.03 | +9.86 | +0.46% |
| Dow Jones Industrial Average | 18, 570.85 | +53.62 | +0.29% |
| NASDAQ | 5, 100.16 | +26.26 | +0.52% |
