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%
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