July 8 Market Close: GovCon Index Breaks 80 on June Labor Data Beat, 5 Stocks Hit 52-Week Highs

GovConIndexUPExecutive Mosaic’s GovCon Index broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations.

The GovCon Index closed up 1.579 percent to 80.813 and ended the week at a 1.342-percent gain with aerospace and defense contractor CAE (NYSE: CAE) as the GCI’s lone decliner.

Five GovCon Index stocks hit 52-week highs in Friday intraday trade: Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Huntington Ingalls Industries (NYSE: HII), Honeywell International (NYSE: HON) and Vectrus (NYSE: VEC).

Eight of the GCI’s 11 S&P 500-listed companies were in the GovCon Index’s top 10 Friday gainers, the latter of which included services contractors CACI International (NYSE: CACI) and Maximus (NYSE: MMS) at respective jumps of 2.13 and 2.9 percent.

U.S. investors welcomed the Labor Department‘s statement that non-farm businesses added 287, 000 jobs in June that exceeded the median estimate of 180, 000 in a survey conducted by Bloomberg with a 4.9-percent unemployment rate.

The return of 35, 100 Verizon workers from their strike helped the June payroll numbers, according to Bloomberg.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
BA Boeing * 130.09 2.92 2.30%
LLL L-3 Communications * 149.72 2.92 1.99%
HON Honeywell International * 118.84 2.73 2.35%
LMT Lockheed Martin * 251.90 2.13 0.85%
HRS Harris Corp. * 84.20 1.93 2.35%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
NAV Navistar International 12.04 0.83 7.40%
I Intelsat 2.62 0.18 7.38%
EGL Engility Holdings 24.51 1.50 6.52%
VEC Vectrus 29.85 1.16 4.04%
TXT Textron * 36.99 1.28 3.58%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 29
Declining GovCon Index Issues 1
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 80.813 +1.256 +1.579%
S&P 500 2, 129.90 +32.00 +1.53%
Dow Jones Industrial Average 18, 146.74 +250.86 +1.40%
NASDAQ 4, 956.76 +79.95 +1.64%
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