Executive 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% |
