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Tag Archives: Maximus

August 30 Market Close: GovCon Index Drops, Lockheed & Primes Lead Losses on Low Volume Day

GovConIndexDOWN

Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losses …

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

GovConIndexDOWN

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 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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August 8 Market Close: GovCon Index Dragged by Northrop & Other Defense Prime Losses

GovConIndexDOWN

The GovCon Index stumbled Monday and failed to carry over momentum from Friday’s strong July jobs report as declines by major defense primes weighed on the GCI and losses by healthcare shares dragged down U.S. stocks. GovCon Index laggers outnumbered gainers by a 2-to-1 ratio and four of its 11 S&P 500-listed stocks posted gains with Northrop Grumman (NYSE: …

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August 8 Morning Report: GovCon Index Posts All-Time High on July Jobs Report

GovConIndexUP

Executive Mosaic’s GovCon Index posted an all-time high Friday with a gain of 0.535 points to 82.835 following the Labor Department‘s report that nonfarm businesses added 255,000 jobs in July. The jobs report exceeded the forecast of 180,000, a month after economists revised June’s jobs number from the forecast of 287,000 to 292,000. The Index closed the week …

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August 5 Market Close: GovCon Index, S&P 500 Hit Record Closes on July Jobs Numbers

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Executive Mosaic’s GovCon Index hit a new all-time high and had its best day in nearly two months Friday and the U.S. stock bellwether S&P 500 composite index also closed at a record after the latest jobs report far exceeded economists’ expectations for the second straight month. The GovCon Index rose 0.535 points to 82.835 …

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August 4 Market Close: GovCon Index Posts Slight Loss, US Markets Eye Jobs Data

GovConIndexDOWN

Executive Mosaic’s GovCon Index held lower Thursday against narrow movement by U.S. stocks as investors looked ahead to the July jobs report for release Friday before the opening bell. The GovCon Index declined 0.176 points to 82.300 and three of its 11 S&P 500-listed stocks closed in positive with Boeing (NYSE: BA) and McKesson Corp. (NYSE: …

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Maximus Cuts Revenue Outlook on UK Pound Headwinds, Lifts FY 2016 Earnings Guidance on 3Q Beat

Maximus

Maximus (NYSE: MMS) cut its revenue forecast for the government health and human services contractor’s 2016 fiscal year ending September 30 on an expectation of continued weakening in the U.K.’s pound since Britain’s June 23 vote to leave the European Union. Reston, Virginia-based Maximus now expects sales in the $2.37 billion-$2.4 billion range from …

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August 3 Market Close: GovCon Index Up on ICF Earnings Beat, Huntington Ingalls Lifts Before 2Q Report

GovConIndexUP

Executive Mosaic’s GovCon Index rebounded Friday on gains by ICF International (Nasdaq: ICFI) on a second quarter earnings beat, plus boosts by Huntington Ingalls Industries (NYSE: HII) and Cubic Corp. (NYSE: CUB). The GovCon Index posted a gain of 0.292 points to 82.476 and six of the GCI’s 11 S&P 500-listed stocks closed positive as …

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