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Tag Archives: CGI

May 11 Market Close: GovCon Index Hits Reverse With 1% Decline, US Stocks Run Red on Dim Earnings

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The GovCon Index fell 0.982 percent — or 0.769 points — to 77.553 as the 30-company list of government contractor stocks was dragged down by the sell-off in U.S. financial markets Friday on disappointing earnings reports from blue chip stocks. All 11 GCI companies co-listed in the S&P 500 composite index closed in …

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May 10 Market Close: GCI Soars 1% as Lockheed, Northrop, HII Hit All-Time Highs in Intraday Trade

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The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions. Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) and Huntington Ingalls Industries …

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Former ICF SVP Dave Cogar Joins DRT Strategies as President; Susan Kidd Comments

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Virginia-based management consulting company DRT Strategies has appointed Dave Cogar as its new president. Cogar joined the company in February and has brought more than 25 years of experience as a P&L executive in line with CEO Susan Kidd’s goals to recruit and position senior leaders to support the company’s growth strategy, DRT said …

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April 27 Market Close: GovCon Index Boosted By Defense Prime Gains After 1Q Earnings Reports

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The GovCon Index soared 1.396 percent to 77.998 Wednesday on a series of pre-market earnings reports from several large defense prime contractors as Boeing (NYSE: BA) overcame an early morning decline to close in positive. GovCon Wire posted a summary of all six GovCon Index-related earnings figures plus that of United Technologies Corp. (NYSE: UTX) …

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GovCon Index Defense & Services Primes Report Mixed 1Q Earnings; Boeing Misses

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Six companies listed in Executive Mosaic’s GovCon Index plus another large non-GCI government contractor reported their latest quarterly earnings statements before U.S. financial markets opened Wednesday. Of those seven total, six posted results for the first quarter of their respective fiscal years that run on a calendar basis, with one for the second …

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April 22 Market Close: GovCon Index Holds Positive Against Volatile Markets Ahead of 1Q Defense Earnings Week

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The GovCon Index held against choppy trading activity in U.S. markets during the afternoon session Friday to close at a gain of 0.387 points to 76.369 and notch its second consecutive week in the positive. Friday also marks the Index’s seventh weekly gain over the last eight in a stretch that has seen it climb nearly …

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Weekly Roundup April 18 – April 22 2016: First Quarter Earnings Season Arrives & more

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April 18 – April 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Corporate earnings season is underway for the first quarter and gives an opportunity for investors to gauge the financial health and performance of the world’s largest defense and government contractors. We …

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April 14 Market Close: GovCon Index Descends to Loss in Afternoon Trade

GovConIndexDOWN

The GovCon Index descended into narrow range in a choppy afternoon trading session Thursday and closed at a nominal decline of 0.093 points to 75.306 as U.S. investors paused to gauge markets’ rally over Tuesday and Wednesday. Financial shares posted a fifth-straight positive day on earnings from banks that exceeded Wall Street’s expectations. …

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April 13 Market Close: GovCon Index Hits 75 for First Time in 2016 on 1% Surge

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The GovCon Index rode across-the-board positive activity in U.S. markets Wednesday with a gain of 1.224 percent to 75.399, which represents the GCI’s first close above 75 points this year so far under its current 30-company composition. First-quarter earnings from JPMorgan that topped analyst estimates drove the S&P 500 composite index to …

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April 12 Market Close: GovCon Index Lifts on HII Upgrade, US Markets Up on Energy Gains

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The GovCon Index staged a full reversal from an early morning dip into negative territory Tuesday to close at a gain of 0.482 points to 74.487 as energy shares helped spur U.S. markets into positive. Huntington Ingalls Industries (NYSE: HII) was the GCI’s top nominal gainer at $2.22 — or …

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