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Tag Archives: financial report

December 6 Market Close: GovCon Index Up on Continued Mid-Tier Defense, Services Gains

Executive Mosaic’s GovCon Index reversed its morning decline to close higher Tuesday in a second straight session of contributions by mid-tier platform and services contractors against flat or red movements by large defense primes. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and six of its 11 S&P 500 stocks …

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December 5 Market Close: GovCon Index Hits First 90-Point Close, HII & Services Gains Offset Prime Declines

Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s strong performance restarts a post-election …

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December 5 Morning Report: GovCon Index Records 4th Weekly Gain on November Jobs Data, Likely Interest Hike

Executive Mosaic’s GovCon Index closed Friday up 0.442 percent to 89.812 and ended the week with its fourth straight five-day advance on reports of nonfarm public and private sector payrolls in November above analyst expectations and a likely interest rate increase Dec. 14. GCI gainers outnumbered decliners Friday by a 2-to-1 ratio, with General Dynamics …

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December 2 Market Close: GovCon Index Inches Up for 4th Straight Positive Week, US Stocks Mixed on November Jobs Beat

Executive Mosaic’s GovCon Index traded higher Friday in a mixed session for U.S. stocks as investors looked at November jobs figures above economists’ expectations and furthered anticipation of an interest rate hike Dec. 14. The GCI ends at its fourth straight weekly advance, while the S&P 500 closed flat Friday …

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December 1 Market Close: GovCon Index Flat on Services Stock Declines & Aerospace Gains

Executive Mosaic’s GovCon Index closed in narrow range Thursday to start the final month of 2016 as sharp declines by government services contractors offset large gains for aerospace stocks in a session that saw U.S. stocks close mixed. GovCon Index decliners outnumbered advancers by a 2-to-1 ratio and five of its 11 S&P 500 stocks …

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Carlyle Group to Sell All Remaining Booz Allen Shares

Global investment firm Carlyle Group plans to sell the remaining 11.3-percent stake it holds in government services contractor Booz Allen Hamilton (NYSE: BAH) six years after the latter’s initial public offering. Booz Allen said Thursday it expects Carlyle’s divestiture of 16.7 million shares for $36.75 each through a secondary offering to close Dec. …

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November 30 Market Close: GovCon Index Retreats, Ends Best Month Since July as US Stocks Stay in Tight Range

Executive Mosaic’s GovCon Index retreated Wednesday on declines by large prime and middle-tier services contractors that offset a surge by McKesson Corp. (NYSE: MCK) in a session that saw U.S. stocks trade in narrow range to close the month of November. U.S. market activity was dominated by the agreement among OPEC countries to reduce …

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Lockheed, Raytheon CEOs Highlight Intl Sales Environment Amid Oil Price Headwinds & Incoming Trump Administration

The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defense. Both CEOs told …

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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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November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

Executive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains. GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the …

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