February 13 Morning Report: GovCon Index Records Friday, Weekly Gains as US Markets Anticipate New Tax Rules

Executive Mosaic’s GovCon Index posted a 0.971-percent gain Friday to close above 90 points for the first time in two months as Cubic Corp. (NYSE: CUB) topped GCI among both net and percentage performers.

Cubic had a 52-week high following a seven-percent increase in first-quarter sales compared to the same period last year, which exceeded analyst expectations.

The Index also registered a weekly gain as the three major U.S. stock indices achieved record highs for a second consecutive trading session on investor anticipation over President Donald Trump’s upcoming tax announcement.

The GovCon Index has climbed seven percent since the Nov. 8 election on potential lower corporate taxes, fewer regulations and increased spending in defense and infrastructure.

Market Summary

Index Value Net Change % Change
GovCon Index 90.339 +0.869 +0.971%
S&P 500 2,316.10 +8.25 +0.36%
Dow Jones Industrial Average 20,269.92 +97.52 +0.48%
NASDAQ 5,734.13 +18.95 +0.33%
Advancing GovCon Index Issues 26
Declining GovCon Index Issues 4
Unchanged GovCon Index Issues 0

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
CUB Cubic Corp. 51.50 +4.60 +9.81%
LMT Lockheed Martin* 260.55 +2.35 +0.91%
BA Boeing* 166.23 +1.95 +1.19%
GD General Dynamics* 184.40 +1.81 +0.99%
LLL L3 Technologies* 163.11 +1.61 +1.00%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
CUB Cubic Corp. 51.50 +4.60 +9.81%
VEC Vectrus 23.39 +0.91 +4.05%
EGL Engility Holdings 30.47 +1.14 +3.89%
BAESY BAE Systems 30.684 +0.634 +2.110%
ICFI ICF 50.40 +0.85 +1.72%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
CACI CACI International 126.45 -1.05 -0.82%
MCK McKesson Corp.* 139.57 -0.14 -0.10%
BAH Booz Allen Hamilton 34.10 -0.10 -0.29%
NAV Navistar International 27.42 -0.02 -0.07%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
CACI CACI International 126.45 -1.05 -0.82%
BAH Booz Allen Hamilton 34.10 -0.10 -0.29%
MCK McKesson Corp.* 139.57 -0.14 -0.10%
NAV Navistar International 27.42 -0.02 -0.07%
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