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Tag Archives: cubic

June 23 Market Close: GCI Up, CACI Guidance Miss & Downgrade Weigh as Markets Bet Against Brexit

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The GovCon Index lifted Thursday on U.S. investor speculation that Britain would vote in its referendum to remain in the European Union but felt some downward pressure from a guidance miss by CACI International (NYSE: CACI) and a subsequent downgrade on the stock. Executive Mosaic‘s GovCon Index of 30 publicly traded contractors rose 0.365 points …

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June 16 Market Close: GovCon Index Pares Losses in PM Trade, Markets Hedge on UK EU Exit Vote

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The GovCon Index staged a recovery in afternoon trade after a limp open Thursday but closed at a loss of 0.059 points to 78.791 as Britain’s referendum on whether to exit the European Union continued to dominate global financial market activity. All campaign activities surrounding the “Brexit” vote set for Thursday …

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June 15 Market Close: GovCon Index, US Stocks Choppy as Fed Holds Line on Interest Rates

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The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half …

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June 8 Market Close: GCI Hits 80, Extends Gain Streak to 6th Day as HII & L-3 Hit 52-Week Highs

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The GovCon Index held positive for a sixth consecutive full trading session Wednesday with a gain of 0.751 points to 80.497 and achieved its first close above 80 points in 16 months. A weakening dollar helped lift U.S. stocks and multinational corporations in particular as commodities such as copper, gold and …

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June 6 Market Close: GovCon Index, US Stocks Rise on Janet Yellen’s Upbeat Economic Message

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The GovCon Index kicked off the first full trading week of June on a positive note with a gain of 0.516 points to 79.534 as U.S. markets appeared unmoved by Federal Reserve Chair Janet Yellen’s hint at further interest rate increases this year. Yellen told an audience at the World Affairs Council …

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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

GovConIndexDOWN

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

GovConIndexDOWN

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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