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Tag Archives: energy

November 29 Market Close: GovCon Index Briefly Touches, Closes Short of 90 Points

Executive Mosaic’s GovCon Index ended at an all-time record close for a fourth session over the last five Tuesday and briefly touched the 90-point barrier for the first time in its two-year history during afternoon trade to resume its post-election rally with defense stocks in particular strong performers. The U.S. equity benchmark S&P 500 also climbed …

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Former CSRA Exec David Rhodes Joins MCR Federal as Civil Programs VP

MCR Federal has appointed Dave Rhodes, former industry general manager for non-health civil agencies at CSRA (NYSE: CSRA), as vice president of civil programs. MCR said Tuesday that Rhodes will manage the company’s operational support to civilian agencies and lead its civil portfolio expansion efforts. “Dave has a long history of providing world-class …

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ICF Lifts Full-Year Earnings Guidance on Govt, Energy Market Outlooks

GovCon Index-listed contractor ICF (Nasdaq: ICFI) lifted full-year earnings guidance to a range above the consensus Wall Street forecast Tuesday and slightly increased revenue projections to a range in-line with analysts’ expectations. Fairfax, Virginia-based ICF said in its third quarter financial statement it expects earnings of $2.91-$2.96 per share versus analyst forecasts of a $2.88 …

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Navy Picks Constellation for $170M Energy Conservation, Generation Project

Constellation (NYSE: CEG) has been awarded a 23-year, $170 million contract by the Naval Facilities Engineering Command to install energy conservation and distributed generation systems intended to help the U.S. Marine Corps meet energy-efficiency goals. The Exelon Corp. subsidiary will build an 8.5-megawatt biomass-fueled generator, lighting and boilers, transformers and controls for a landfill …

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October 19 Market Close: GovCon Index Returns to Narrow Range as Energy Gains Boost US Stocks

Executive Mosaic’s GovCon Index closed at a slight loss Wednesday to show a fourth session of tight movement over the last five on mixed activity in its large-cap members as U.S. stocks rode gains by energy producers on a 15-month high settlement in crude oil prices. GovCon Index laggers slightly edged gainers and six of its 11 …

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October 17 Market Close: GovCon Index Shows Little Change as Energy & Consumer Declines Weigh on US Markets

Executive Mosaic’s GovCon Index posted little change for a second consecutive session Monday on mixed results among its large-cap companies as U.S. stocks closed mostly lower due to a sell-off in consumer and energy sector shares that coincided with a decline in crude oil prices. GovCon Index laggers outnumbered advancers and four of …

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October 10 Market Close: GovCon Index Lifted on Boeing & Services Gains as US Stocks Ride Oil Bounce

Executive Mosaic’s GovCon Index returned above the 80-point barrier Monday on strong gains by Boeing (NYSE: BA) and services-oriented companies as energy shares led U.S. stocks higher in conjunction with a rise in crude oil prices. GovCon Index gainers outnumbered laggers at a 6-to-1 ratio but five of its 11 S&P 500 components …

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September 28 Market Close: GovCon Index, US Stocks Move Green in PM Trade on Oil Supply Cut Reports

Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 companies …

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September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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September 15 Market Close: GovCon Index Surges to Extend Volatility, Primes Lead Gains

The GovCon Index rallied Thursday to extend its current stretch of volatility into a fifth straight session as large primes and S&P 500-listed contractors led advancers in conjunction with gains in the larger U.S. stock market on economic data traders view as a factor against a September interest rate hike. The GovCon Index …

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