November 9 Intraday Special Report: GovCon Index Up 4% & Surging Toward Largest One-Day Climb, Defense Primes Pace Gains

GovConIndexUPAs of 11:15 a.m. Eastern time, Executive Mosaic’s GovCon Index is trading up 4 percent and on pace to record its largest one-day gain since its October 2014 inception as investors have snapped up shares in large defense primes after the upset victory by Donald Trump in the U.S. presidential election.

U.S. stocks seesawed between gains and losses during early volatile trade but the benchmark S&P 500 composite index was up close to 0.6 percent as of 11:15 a.m.

Financial markets had priced in a victory for Clinton and now traders have shifted attention to the implications of Trump’s win on issues such as trade, taxes and foreign policy.

Eight of the GCI’s 30 components have hit new 52-week highs during the trading session’s first three hours: General Dynamics (NYSE: GD), Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN), Harris Corp. (NYSE: HRS), Booz Allen Hamilton (NYSE: BAH), CACI International (NYSE: CACI), Navistar International (NYSE: NAV) and Science Applications International Corp. (NYSE: SAIC).

Lockheed Martin (NYSE: LMT) and Huntington Ingalls Industries (NYSE: HII) led all GCI net gainers with Northrop in third and each three have added at least $11.00.

Maximus (NYSE: MMS) has plummeted to trade as the GCI’s biggest lagger as the government services contractor performs work to help U.S. federal agencies implement the Affordable Care Act, which Trump vowed to repeal throughout his campaign.

Canada-based CAE (NYSE: CAE) and CGI Group (NYSE: GIB) are the only other GCI stock in negative territory as of this story’s publication.

Market Summary (as of 11:15 a.m. Eastern time)

Index Value Net Change % Change
GovCon Index 83.106 +3.271 +4.097%
S&P 500  2, 144.98 +98.38 +0.54%
Dow Jones Industrial Average 18, 415.64 +82.90 +0.45%
NASDAQ 5, 199, 27 +55.41 +1.08%
Advancing GovCon Index Issues 27
Declining GovCon Index Issues 3
Unchanged GovCon Index Issues 0

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
LMT Lockheed Martin * 252.82 +13.63 +5.70%
NOC Northrop Grumman * 241.65 +11.78 +5.12%
HII Huntington Ingalls Industries 161.54 +11.12 +7.39%
MCK McKesson Corp. * 139.93 +9.42 +7.22%
RTN Raytheon * 145.48 +8.97 +6.57%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
VEC Vectrus 19.25 +2.40 +14.24%
ACM AECOM 30.82 +2.95 +10.58%
EGL Engility Holdings 30.85 +2.41 +8.47%
KBR KBR 14.24 +1.00 +7.55%
HII Huntington Ingalls Industries 161.54 +11.12 +7.39%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
MMS Maximus 46.90 -7.58 -13.91%
GIB CGI Group 47.76 -0.19 -0.40%
CAE CAE 14.31 -0.18 -1.24%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
MMS Maximus 46.90 -7.58 -13.91%
CAE CAE 14.31 -0.18 -1.24%
GIB CGI Group 47.76 -0.19 -0.40%
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