The GovCon Index entered positive territory in the early afternoon session Friday but gave back gains to close at a decline of 0.244 points to 77.274.October ends as the Index’s strongest month for 2015 with a gain of 10.56 percent spurred by a series of third quarter earnings reports from listed companies that met or exceeded consensus Wall Street forecasts.
Excluding L-3 Communications (NYSE: LLL) on that company’s writedown, 10 out of 12 Index stocks that reported third quarter earnings stated figures above what analysts expected.
Index companies Computer Sciences Corp. (NYSE: CSC), Engility Holdings (NYSE: EGL), Health Net (NYSE: HNT) and Huntington Ingalls Industries (NYSE: HII) will report third quarter earnings next week.
U.S. stocks also declined late Friday afternoon but were on pace to end October as the strongest month in almost four years, Reuters and other media outlets reported.
Top GovCon Index Gainers
| Company | $ Current Price | $ Change | % Change |
|---|---|---|---|
| Huntington Ingalls Industries | 119.94 | +6.12 | +5.38% |
| Serco Group | 1.36 | +0.03 | +2.26% |
| Navistar International | 12.30 | +0.24 | +1.99% |
| CACI International | 97.04 | +1.04 | +1.08% |
| BAE Systems | 27.05 | +0.26 | +0.97% |
Market Summary
| Advancing Issues | 15 |
| Declining Issues | 15 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 77.274 | -0.244 | -0.315% |
| S&P 500 | 2, 079.36 | -10.05 | -0.48% |
| Dow Jones Industrial Average | 17, 775.80 | -92.26 | -0.52% |
| NASDAQ | 5, 053.75 | -20.53 | -0.40% |
