December 9 Market Close: GovCon Index Rises, Posts 6th Straight Weekly Gain

Executive Mosaic’s GovCon Index advanced Friday to complete its sixth consecutive weekly gain in an extended post-election climb that has seen the GCI hit a series of record high closes.

The GCI has risen 14.75 percent over six weeks with the U.S. stock bellwether S&P 500 composite index up 6.26 percent in that time as investors have snapped up shares in defense, industrial and other sectors seen as slated to benefit under a Donald Trump administration.

The S&P 500  closed at an all-time record Friday for its fifth straight weekly advance with healthcare and technology stocks the biggest contributors during intraday trade.

GovCon Index gainers outnumbered decliners by a 2-to-1 ratio as 10 of its 11 S&P 500 stocks closed green with co-listed McKesson Corp. (NYSE: MCK) as the GCI’s overall top net advancer.

Science Applications International Corp. (NYSE: SAIC) hit a new 52-week high in a second consecutive session since the contractor posted a third quarter earnings beat Thursday.

Harris Corp. (NYSE: HRS) ended as the lone laggard among companies listed in the GovCon Index and S&P 500.

On a weekly basis, 24 out of 30 GovCon Index companies registered gains with AECOM (NYSE: ACM) the overall top performer at 9.4 percent and CSRA (NYSE: CSRA) the best among GCI-S&P 500 companies by 2.4 percent.

Co-listed Northrop Grumman (NYSE: NOC) closed the week as the GCI’s lowest performer with a 4.6 percent decline.

Consumer staples led nine S&P 500 sectors higher with materials the largest decliner among the remaining two as investor attention turns to the Dec. 13-14 Federal Reserve policy meeting.

Futures markets have priced in 94-percent odds of an interest rate increase, according to Reuters.

Market Summary

Index Value Net Change % Change
GovCon Index 90.426 +0.428 +0.476%
S&P 500  2, 259.53 +13.34 +0.59%
Dow Jones Industrial Average 19, 756.85 +142.04 +0.72%
NASDAQ 5, 444.50 +27.14 +0.50%
Advancing GovCon Index Issues 19
Declining GovCon Index Issues 10
Unchanged GovCon Index Issues 1

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
MCK McKesson Corp. * 146.25 +2.91 +2.03%
SAIC SAIC 88.65 +2.74 +3.19%
GD General Dynamics * 175.39 +1.72 +0.99%
BA Boeing * 156.49 +1.10 +0.71%
OA Orbital ATK 87.88 +0.72 +0.83%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
SAIC SAIC 88.65 +2.74 +3.19%
MCK McKesson Corp. * 146.25 +2.91 +2.03%
KBR KBR 17.60 +0.23 +1.32%
MANT ManTech International 45.49 +0.53 +1.18%
EGL Engility Holdings 38.90 +0.39 +1.01%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
HRS Harris Corp. * 105.51 -0.40 -0.38%
GIB CGI Group 47.04 -0.32 -0.68%
COL Rockwell Collins 94.37 -0.31 -0.33%
BAH Booz Allen Hamilton 37.70 -0.19 -0.50%
VEC Vectrus 24.19 -0.15 -0.62%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
GIB CGI Group 47.04 -0.32 -0.68%
VEC Vectrus 24.19 -0.15 -0.62%
BAH Booz Allen Hamilton 37.70 -0.19 -0.50%
CAE CAE 14.57 -0.07 -0.48%
HRS Harris Corp. * 105.51 -0.40 -0.38%

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