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Tag Archives: cubic

May 23 Morning Report: GovCon Index, Major Markets Post Gains

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The GovCon Index closed the week up 0.705 points to 77.776 to mirror major market indexes’ gains as fears of a June interest rate hike by the Federal Reserve subsided. The Dow Jones Industrial Average climbed 65.54 points to close at 17,500.94, the S&P 500 was up 12.28 points to 2,052.32 and Nasdaq gained 57.02 points to reach 4,769.56. …

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May 19 Market Close: GovCon Index Held Down on Continued Rate Hike Speculation, RBC Downgrades Lockheed & Northrop

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The GovCon Index felt the pressure from U.S. investor worries about a potential interest rate hike in June and closed at a decline of 0.520 points to 77.071. CAE (NYSE: CAE) was one of the GovCon Index’s lone bright spots with a gain of 2.65 percent after the Montreal-based aerospace and defense contractor …

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May 9 Market Close: GovCon Index Turns Around Late AM & Noon Dip, Health Shares Lead Rally

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The GovCon Index hit negative twice during the late morning and noon hours of trade Monday but closed up 0.153 points to 77.359 on gains by healthcare stocks to help offset declines from energy and utility shares on lower oil prices. McKesson Corp. (NYSE: MCK) ended Monday as the GovCon Index’s largest net …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

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The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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May 2 Market Close: GovCon Index Up on L-3 Upgrade as Defense Primes Follow

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The GovCon Index started the first week of May with a gain of 0.493 points to 76.854 in an attempt at a recovery from two days of sharp losses incurred Thursday and Friday for the final days of April trade. Cubic Corp. (NYSE: CUB) closed up 6 cents to $41.63 with 309,200 shares traded …

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Cubic Lifts FY 2016 Revenue Guidance on 2Q Beat; Earnings Forecast Narrowed

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Cubic Corp. (NYSE: CUB) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has lifted revenue guidance for its 2016 fiscal year in part on added contributions from two acquired businesses and exceeded Wall Street estimate for the company’s second quarter. The San Diego-based defense and transportation contractor now …

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April 29 Market Close: GovCon Index Free Fall Deepens to Post Weekly Decline, End Positive April

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The GovCon Index deepened its slide Friday with a loss of 0.481 points to 76.361 that puts the GCI at a weekly decline but a sharp gain for the month of April as earnings reports for large government contractors dominated trading activity Monday through Friday. April represents the Index’s third consecutive month …

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April 25 Morning Report: GovCon Index Posts Positive Week Ahead of 1Q Earnings Reports

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The GovCon Index ended the Friday trading session with a gain of 0.387 points to 76.369 to close its second consecutive week in positive territory. Eleven GCI-listed companies, including the five largest government and defense contractors in the U.S., will report first-quarter earnings this week. The schedule is as follows: Tuesday: Lockheed Martin (NYSE: LMT) …

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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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April 20 Market Close: Boeing Downgrade Nudges GovCon Index Down Despite Textron 1Q Earnings, Sales Beat

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The GovCon Index ended its three-day gain streak Wednesday with a nominal loss of 0.008 points to 76.354 as a downgrade on Boeing‘s stock (NYSE: BA) and its subsequent decline offset gains from a first-quarter sales and earnings beat from Textron (NYSE: TXT). Providence, R.I.-based Textron climbed 4.89 percent — or $1.86 — as the GCI’s top gainer in …

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