August 22 Market Close: GovCon Index Rises Against Choppy US Stock Trade

GovConIndexUPExecutive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention.

GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of the GCI’s 11 S&P 500-listed stocks posted gains with Northrop Grumman (NYSE: NOC) the top net performer and Boeing (NYSE: BA) the best percentage mover of companies listed in both indices.

Orbital ATK (NYSE: OA) led all GCI net gainers Monday and the Dulles, Virginia-based aerospace company’s stock traded at a volume of 1.02 million shares versus the three-month average of 653, 053, while Leidos Holdings (NYSE: LDOS) topped on percentage.

Reston, Virginia-based Leidos’ Monday volume totaled 5.83 million shares compared to the three-month average of 2.97 million and the government services contractor has climbed 5.63 percent since Aug. 17, the company’s first full day after its merger with the former Lockheed Martin (NYSE: LMT) services segment.

The U.S. stock bellwether S&P 500 composite index has slowed down from its rally since early July as investors have examined comments from Federal Reserve leaders on monetary policy and also turned some attention to commodities such as crude oil ahead of a September OPEC meeting.

Fed Chair Janet Yellen is scheduled to address the Economic Policy Symposium Friday in Jackson Hole, Wyoming.

Crude futures in New York fell 3.03 percent to $47.05 and that decline sent the S&P energy sector down nearly a percent, while the London Brent benchmark tumbled 3.36 percent to $49.17 a barrel.

Market Summary

Index Value Net Change % Change
GovCon Index 82.275 +0.250 +0.305%
S&P 500 2, 182.64 -1.23 -0.06%
Dow Jones Industrial Average 18, 529.42 -23.15 -0.12%
NASDAQ 5, 244.60 -6.23 -0.12%
Advancing GovCon Index Issues 20
Declining GovCon Index Issues 10
Unchanged GovCon Index Issues 0

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
OA Orbital ATK 74.48 +1.39 +1.90%
CACI CACI International 98.55 +0.87 +0.89%
LDOS Leidos Holdings 40.35 +0.86 +2.18%
NOC Northrop Grumman * 218.26 +0.84 +0.39%
HII Huntington Ingalls Industries 168.46 +0.69 +0.41%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
LDOS Leidos Holdings 40.35 +0.86 +2.18%
OA Orbital ATK 74.48 +1.39 +1.90%
BAH Booz Allen Hamilton 30.34 +0.53 +1.78%
ICFI ICF International 40.83 +0.52 +1.29%
SAIC SAIC 62.59 +0.68 +1.10%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
MMS Maximus 58.26 -0.30 -0.51%
ACM AECOM 32.23 -0.27 -0.83%
NAV Navistar International 14.05 -0.22 -1.54%
MCK McKesson Corp. * 193.65 -0.20 -0.10%
GD General Dynamics Corp. * 152.22 -0.16 -0.11%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
NAV Navistar International 14.05 -0.22 -1.54%
ACM AECOM 32.23 -0.27 -0.83%
MMS Maximus, Inc. 58.26 -0.30 -0.51%
CSRA CSRA * 25.42 -0.08 -0.31%
VEC Vectrus 32.58 -0.07 -0.21%

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