July 18 Market Close: GovCon Index Slightly Down Ahead of Lockheed 2Q Earnings Report

GovConIndexDOWNExecutive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results.

The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s 11 S&P 500-listed stocks in positive at the close.

Lockheed Martin (NYSE: LMT) starts second quarter earnings season for GovCon Index companies pre-market open Tuesday with Honeywell International (NYSE: HON) and Textron (NYSE: TXT) lined up for Friday before the opening bell.

Three GovCon Index stocks hit 52-week highs in intraday trade Monday: Lockheed Martin (NYSE: LMT), AECOM (NYSE: ACM) and Vectrus (NYSE: VEC).

Investors welcomed a second quarter earnings beat from Bank of America to become the third U.S. financial institution that exceeded analysts’ profit expectations for the April-June period, CNBC reported.

Financial and technology shares helped lift the S&P 500 while energy stocks lagged as crude oil futures in New York fell 1.48 percent to $45.27 a barrel on trader worries over a new supply glut worldwide.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
BA Boeing * 133.43 1.04 0.79%
CSRA CSRA * 25.10 0.59 2.41%
MCK McKesson Corp. * 197.70 0.56 0.28%
TXT Textron * 38.99 0.24 0.62%
ACM AECOM 34.58 0.23 0.67%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
I Intelsat 2.95 0.11 3.87%
CSRA CSRA * 25.10 0.59 2.41%
NAV Navistar International 12.36 0.15 1.23%
BA Boeing * 133.43 1.04 0.79%
ACM AECOM 34.58 0.23 0.67%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 9
Declining GovCon Index Issues 20
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 81.586 -0.233 -0.285%
S&P 500 2, 166.89 +5.15 +0.24%
Dow Jones Industrial Average 18, 533.05 +16.50 +0.09%
NASDAQ 5, 055.78 +26.19 +0.52%

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