The GovCon Index recorded a gain of 0.416 points to 81.522 with services-oriented contractors and middle-tier technology makers as the top performers while prime stocks Boeing (NYSE: BA), Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN) and Huntington Ingalls Industries (NYSE: HII) as the GCI’s four decliners.
Both Raytheon and HII hit 52-week highs shortly after the 9:30 a.m. Eastern time opening bell before a quick tumble thereafter into negative territory and closes at respective declines of 86 and 72 cents.
Stocks that reached 52-week highs in intraday trade that closed at gains included Lockheed Martin (NYSE: LMT), Honeywell International (NYSE: HON) and ManTech International (NASDAQ: MANT).
AECOM (NYSE: ACM) added 3.03 percent on the company’s five-year, $100 million contract award from Dallas/Fort Worth International Airport for program and construction management services at the U.S.’ fourth-busiest air transportation hub.
Leidos Holdings (NYSE: LDOS) gained 2.28Â percent with 4.7 million shares traded versus the 10-day average of 1.3 million a day after the government services contractor’s stock plummeted 6.27Â percent on high volume close to eight times above the 10-day average.
The GovCon Index has climbed 5.49 percent and the S&P 500 that contains 11 GCI stocks is up 5.61 percent since the June 23 nationwide referendum that saw a majority of U.K. citizens vote to exit the European Union and sent global financial markets into a two-day mass selloff.
U.S. investors continued to welcome a new stimulus in Japan ordered Monday after the election there, according to CNBC.
Top GovCon Index Net Gainers
Symbol | Company | $ Current Price | Net Change ⴠ| % Change |
---|---|---|---|---|
MCK | McKesson Corp. * | 195.66 | 2.02 | 1.04% |
CACI | CACI International | 92.05 | 1.33 | 1.47% |
OA | Orbital ATK | 85.98 | 1.23 | 1.45% |
LDOS | Leidos Holdings | 48.50 | 1.08 | 2.28% |
ACM | AECOM | 33.98 | 1.00 | 3.03% |
Top GovCon Index Percentage Gainers
Symbol | Company | $ Current Price | Net Change | % Change ⴠ|
---|---|---|---|---|
NAV | Navistar International | 13.02 | 0.72 | 5.85% |
I | Intelsat | 2.79 | 0.10 | 3.72% |
CSRA | CSRA * | 25.20 | 0.81 | 3.32% |
EGL | Engility Holdings | 25.55 | 0.77 | 3.11% |
ACM | AECOM | Â 33.98 | 1.00 | 3.03% |
*Also listed in the S&P 500 composite index
Market Summary
Advancing GovCon Index Issues | 25 |
Declining GovCon Index Issues | 5 |
Unchanged GovCon Index Issues | 0 |
Index | Value | Net Change | % Change |
---|---|---|---|
GovCon Index | 81.522 | +0.416 | +0.513% |
S&P 500 | 2, 152.14 | +14.98 | +0.70% |
Dow Jones Industrial Average | 18, 347.67 | +120.74 | +0.66% |
NASDAQ | 5, 922.82 | +34.18 | +0.69% |