July 25 Morning Report: GovCon Index Posts Friday Gain, Nominal 5-Day Decline Ahead of Q2 Reports

GovConIndexUPExecutive Mosaic’s GovCon Index closed Friday with a gain of 0.289 points to 81.788 but remained in the negative with a nominal five-day 0.031-point drop.

The decline comes amid the large selloff of stocks in the defense and GovCon sectors Thursday as reports on second-quarter earnings among government contracting companies start coming in.

GCI second-quarter reports Friday came from Honeywell International (NYSE: HON), which topped Wall Street’s earnings forecast, and Textron (NYSE: TXT), which exceeded analyst expectations on both earning forecast and consensus revenue estimate.

Boeing (NYSE: BA) will report Wednesday and other U.S. defense primes such as General Dynamics (NYSE: GD), Northrop Grumman (NYSE: NOC) and Raytheon (NYSE: RTN) are also scheduled for next week.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
LMT Lockheed Martin* 257.31 3.17 1.25%
CACI CACI International 94.85 1.86 2.00%
LDOS Leidos Holdings 50.40 1.49 3.05%
NOC Northrop Grumman* 219.60 1.39 0.64%
SAIC Science Applications International Corp. 61.21 1.33 2.22%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
LDOS Leidos Holdings 50.40 1.49 3.05%
SAIC Science Applications International Corp. 61.21 1.33 2.22%
CACI CACI International 94.85 1.86 2.00%
MMS Maximus 59.69 1.04 1.7%
CSRA CSRA* 25.56 0.43 1.71%

Market Summary

Advancing GovCon Index Issues 17
Declining GovCon Index Issues 12
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 81.788 +0.289 +0.355%
S&P 500 2, 175.03 +9.86 +0.46%
Dow Jones Industrial Average 18, 570.85 +53.62 +0.29%
NASDAQ 5, 100.16 +26.26 +0.52%

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