Home / Financial Report / October 10 Market Close: GovCon Index Lifted on Boeing & Services Gains as US Stocks Ride Oil Bounce

October 10 Market Close: GovCon Index Lifted on Boeing & Services Gains as US Stocks Ride Oil Bounce

GovConIndexUPExecutive Mosaic’s GovCon Index returned above the 80-point barrier Monday on strong gains by Boeing (NYSE: BA) and services-oriented companies as energy shares led U.S. stocks higher in conjunction with a rise in crude oil prices.

GovCon Index gainers outnumbered laggers at a 6-to-1 ratio but five of its 11 S&P 500 components rose with Boeing the top net performer in both the GCI overall and for co-listed stocks.

Services contractors Maximus (NYSE: MMS), Science Applications International Corp. (NYSE: SAIC) and CACI International (NYSE: CACI) helped lift the GCI along with Northrop Grumman (NYSE: NOC).

Huntington Ingalls Industries (NYSE: HII) and Rockwell Collins (NYSE: COL) both posted gains of at least $1.00 to join the GCI’s top five net performers listed above as advancers by at least one full point.

Honeywell International (NYSE: HON) ended fifth-lowest on both net and percentage as the stock posted a second consecutive session with high volatility since the conglomerate on Friday issued revised third quarter earnings guidance below Wall Street forecasts.

Shares in Honeywell are down 7.62 percent over two days and the stock traded at a Monday volume three-fold over the three-month average at 8.38 million shares.

All of the GCI’s five worst net performers are S&P 500-listed companies with General Dynamics (NYSE: GD) also a decliner.

Energy shares led nine out of 11 S&P 500 sectors higher as crude futures in New York settled up 3.1 percent to $51.35 per barrel after Russian President Vladmir Putin said it was ready to join OPEC countries in an output cut, according to Reuters.

Market Summary

Index Value Net Change % Change
GovCon Index 80.265 +0.406 +0.508%
S&P 500 2, 163.66 +9.92 +0.46%
Dow Jones Industrial Average 18, 329.04 +88.55 +0.49%
NASDAQ 5, 328.67 +36.27 +0.69%
Advancing GovCon Index Issues 21
Declining GovCon Index Issues 8
Unchanged GovCon Index Issues 1

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
BA Boeing * 135.84 +1.99 +1.49%
MMS Maximus 56.14 +1.54 +2.82%
SAIC SAIC 70.10 +1.39 +2.02%
CACI CACI International 102.56 +1.19 +1.17%
NOC Northrop Grumman * 216.62 +1.19 +0.55%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
NAV Navistar International 23.28 +0.65 +2.87%
MMS Maximus 56.14 +1.54 +2.82%
MANT ManTech International 39.55 +0.90 +2.33%
SAIC SAIC 70.10 +1.39 +2.02%
BA Boeing * 135.84 +1.99 +1.49%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
LLL L-3 Communications * 151.05 -0.55 -0.36%
MCK McKesson Corp. * 165.33 -0.49 -0.30%
LMT Lockheed Martin * 233.29 -0.24 -0.10%
HRS Harris Corp. * 92.45 -0.17 -0.18%
HON Honeywell International * 106.80 -0.14 -0.13%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
LLL L-3 Communications * 151.05 -0.55 -0.36%
MCK McKesson Corp. * 165.33 -0.49 -0.30%
LDOS Leidos Holdings 41.96 -0.11 -0.26%
HRS Harris Corp. * 92.45 -0.17 -0.18%
HON Honeywell International * 106.80 -0.14 -0.13%

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