January 17 Morning Report: GovCon Index Posts Gain on Defense Prime Stock Boost

Executive Mosaic’s GovCon Index closed Friday with a 0.464-percent climb to 88.863 as gainers outnumbered laggards at a 2-to-1 ratio with strong performances by defense prime stocks.

L3 Technologies (NYSE: LLL) was GCI’s top net performer while Vectrus (NYSE: VEC) led the listed stocks in percentage gained.

The Index’s rebound comes amid investor optimism on quarterly profits by Bank of America,  JPMorgan Chase and Wells Fargo above analyst expectations, a 0.6-percent retail sales increase in December and the Labor Department‘s report of a 1.6-percent gain in the 2016 producer price index.

Market Summary

Index Value Net Change % Change
GovCon Index 88.863 +0.410 +0.464%
S&P 500 2, 274.64 +4.20 +0.18%
Dow Jones Industrial Average 19, 885.73 -5.27 -0.03%
NASDAQ 5, 574.12 +26.63 +0.48%
Advancing GovCon Index Issues 18
Declining GovCon Index Issues 12
Unchanged GovCon Index Issues 0

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
LLL L3 Technologies* 148.89 +3.18 +2.18%
MCK McKesson Corp.* 147.18 +2.50 +1.73%
LMT Lockheed Martin* 254.53 +1.91 +0.76%
GD General Dynamics* 177.89 +1.37 +0.78%
NOC Northrop Grumman* 230.17 +1.02 +0.45%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
VEC Vectrus 24.65 +0.68 +2.84%
LLL L3 Technologies* 148.89 +3.18 +2.18%
MCK McKesson Corp.* 147.18 +2.50 +1.73%
MMS Maximus 58.50 +0.88 +1.53%
ACM AECOM 35.96 +0.44 +1.24%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
BAESY BAE Systems 29.72 -0.47 -1.56%
COL Rockwell Collins 89.93 -0.47 -0.52%
TXT Textron* 49.49 -0.28 -0.56%
ICFI ICF 54.10 -0.25 -0.46%
SAIC SAIC 84.81 -0.24 -0.28%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
BAESY BAE Systems 29.72 -0.47 -1.56%
TXT Textron* 49.49 -0.28 -0.56%
COL Rockwell Collins 89.93 -0.47 -0.52%
ICFI ICF 54.10 -0.25 -0.46%
KBR KBR 16.84 -0.07 -0.41%

Check Also

Jacobs

Jacobs JV Wins Potential $99M IDIQ for NAVFAC Pacific Architecture, Engineering Services

A joint venture between Jacobs (NYSE: J) and architecture company B&M has won a potential five-year, $99M U.S. Navy contract to support construction projects within the Naval Facilities Engineering Command’s Pacific area of operations.

Michael McKloskey VP Parsons

Michael McKloskey Named Parsons Business Dev’t VP for Cyber, Intelligence Market

Michael McKloskey, a nearly 16-year intelligence industry veteran, has joined Parsons (NYSE: PSN) as vice president of business development for the cyber and intelligence market.