November 20 Market Close: GovCon Index Closes 4Q’s Strongest Month

GovConIndexUPThe GovCon Index capped its strongest weekly performance of the fourth quarter-to-date with a gain of 0.710 points to 79.650 Friday.

For the week, the Index posted a climb of 5.45 percent on strong volume in the defense sector as investors appear to expect increased activity in that market after the terror attacks in Paris Nov. 13.

Armored and heavy truck maker Navistar International (NYSE: NAV) is the Index’s best performer over the last week at a gain of 9.4 percent, followed by avionics maker Rockwell Collins (NYSE: COL) at 8.8 percent and services provider Computer Sciences Corp. (NYSE: CSC) at 8.1 percent.

Rocket and ammunition manufacturer Orbital ATK (NYSE: OA) and missile maker Raytheon (NYSE: RTN) both climbed 7.5 percent and round out the Index’s top five one-week performers.

Investors also continued to draw confidence from the Federal Reserve‘s October meeting minutes that indicate policymakers believe the U.S. economy is strong enough to handle a raise in short-term interest rates from near-zero, the Wall Street Journal reported.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
MMS Maximus 53.78 +1.95 +3.76%
HNT Health Net 62.93 +1.89 +3.10%
MCK McKesson Corp. 189.68 +4.32 +2.33%
ICFI ICF International 35.00 +0.60 +1.74%
LDOS Leidos Holdings 56.65 +0.97 +1.74%

Market Summary

Advancing Issues 25
Declining Issues 4
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 79.650 +0.710 +0.900%
S&P 500 2, 089.17 +7.93 +0.38%
Dow Jones Industrial Average 17, 823.81 +91.06 +0.52%
NASDAQ 5, 104.92 +31.28 +0.62%

Check Also

health care

Aptive-HTG JV Wins $121M in VA Health System Modernization Task Orders

A joint venture between Aptive Resources and Enterprise Resource Performance Inc. has won two task orders worth $121M combined to provide systems integration and operational support for the Department of Veterans Affairs’ healthcare networks.

IMAP mission

SpaceX to Help Launch NASA’s Heliosphere Exploration Spacecraft Under $109M Contract

SpaceX will provide launch services under a potential $109.4M contract for a NASA-funded mission that seeks to further study the heliosphere’s boundary that produces a magnetic barrier protecting the solar system. NASA said Saturday its Interstellar Mapping and Acceleration Probe mission will examine the neutral particles that pass through the barrier and study how particles become faster in space.