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Tag Archives: financial report

August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

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Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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August 24 Market Close: GovCon Index Down on McKesson Decline as Health Losses Weigh on US Markets

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Executive Mosaic’s GovCon Index traded lower Wednesday with McKesson Corp. (NYSE: MCK) the worst net performer at more than double the decline of second-lowest Lockheed Martin (NYSE: LMT) as losses in healthcare shares dragged U.S. stocks into negative territory. General Dynamics was the only GovCon Index-S&P 500 company to record a gain, while McKesson was …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

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Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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August 22 Market Close: GovCon Index Rises Against Choppy US Stock Trade

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Executive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention. GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of the GCI’s 11 …

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August 22 Morning Report: GovCon Index Drops Friday, Closes Week With Narrow Gain

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Executive Mosaic’s GovCon Index recorded a decline of  0.090 points to 82.025 Friday and closed the week with a gain as four of GCI’s 11 S&P 500-listed stocks ended in green during the period’s last trading session. CACI International (NYSE: CACI) led the net gainers along with other midtier primes, while …

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August 18 Market Close: GovCon Index Lifted on CACI Earnings Beat, Energy Leads US Stock Gains on Oil Spike

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Executive Mosaic’s GovCon Index rebounded Thursday from a two-session stretch of losses on a surge by CACI International‘s (NYSE: CACI) stock after the government services contractor topped Wall Street’s fourth quarter and full-year forecasts. Arlington, Virginia-based CACI said the February acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) helped …

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CACI 4Q Earnings, Sales Exceed Street Estimate as FY 2016 Results Also Top Analyst Outlook

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CACI International (NYSE: CACI) topped Wall Street’s expectations for earnings and revenue in the GovCon Index-listed government services contractor’s fourth quarter and fiscal year 2017 financial results released before markets opened Thursday. Arlington, Virginia-based CACI’s February acquisition of the former L-3 National Security Solutions business drove net income and sales growth in both the …

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August 17 Market Close: GovCon Index Slide Deepens on Lockheed & Services Stock Declines

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Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers with one stock …

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August 16 Market Close: GovCon Index Down, Lockheed in Steep Red & Leidos Up After Deal’s Closure

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Executive Mosaic’s GovCon Index dropped at least one full net point Tuesday for the first time since June 24 on a sharp drop in Lockheed Martin (NYSE: LMT) shares upon the defense contractor’s completion of the spinoff and subsequent merger of its government and technical services business into Leidos Holdings (NYSE: LDOS). Lockheed was the GCI’s …

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August 15 Morning Report: GovCon Index Posts Loss on Retail, Manufacturing Data

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Executive Mosaic’s GovCon Index closed Friday down 0.148 points to 82.467 to end the week with a 0.315-point loss. The Index mirrored the larger U.S. market as the retail sales report for July showed no change from the previous month and manufacturing data fell below analyst expectations. Four of GCI’s S&P 500-listed stocks posted gains …

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