November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

GovConIndexDOWNExecutive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains.

GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the top net gainer overall and among co-listed companies, while Harris Corp. (NYSE: HRS) ended as the lowest performer for stocks in both indices.

Navistar International (NYSE: NAV) weighed on the GCI with a decline just shy of $2.00 and Cubic Corp.’s (NYSE: CUB) loss was short of $1.00.

Prior to Monday’s close, the GovCon Index added 12.24 percent and the S&P 500 composite index climbed 3.45 percent since Nov. 8 on market expectations that President-elect Donald Trump will work to boost defense and infrastructure spending and pursue cuts to regulations and corporate taxes.

Financial and consumer stocks led six S&P sectors lower with utilities the top performer among the remaining five Monday as investors turn their attention to Wednesday’s meeting among OPEC countries over a potential oil output cut.

Crude futures in New York settled up 2.1 percent to $47.01 a barrel and the global Brent benchmark added 2 percent to $48.17 in rebounds from early losses in the trading session on prospects there will be a deal.

Market Summary

Index Value Net Change % Change
GovCon Index 89.313 -0.205 -0.230%
S&P 500  2, 201.72 -11.63 -0.53%
Dow Jones Industrial Average 19, 097.90 -52.24 -0.28%
NASDAQ 5, 368.81 -30.11 -0.56%
Advancing GovCon Index Issues 13
Declining GovCon Index Issues 17
Unchanged GovCon Index Issues 0

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
NAV Navistar International 29.49 -1.80 -5.75%
CUB Cubic Corporation 46.05 -0.95 -2.02%
HRS Harris Corp. * 104.01 -0.78 -0.74%
HII Huntington Ingalls Industries 180.02 -0.78 -0.43%
ACM AECOM 36.97 -0.70 -1.86%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
NAV Navistar International 29.49 -1.80 -5.75%
CUB Cubic Corp. 46.05 -0.95 -2.02%
ACM AECOM 36.97 -0.70 -1.86%
MANT ManTech International 44.50 -0.50 -1.11%
MMS Maximus 56.90 -0.43 -0.75%

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
GD General Dynamics * 172.67 +0.59 +0.34%
NOC Northrop Grumman * 248.96 +0.38 +0.15%
RTN Raytheon * 148.90 +0.35 +0.24%
LDOS Leidos Holdings 50.25 +0.27 +0.54%
CAE CAE 14.79 +0.26 +1.79%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
CAE CAE 14.79 +0.26 +1.79%
BAH Booz Allen Hamilton 37.20 +0.20 +0.54%
LDOS Leidos Holdings 50.25 +0.27 +0.54%
VEC Vectrus 23.22 +0.12 +0.52%
GD General Dynamics * 172.67 +0.59 +0.34%

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