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February 21 Market Close: GovCon Index Hits 5th Straight Record Close, Wal-Mart Sales Beat Lifts US Stocks


Executive Mosaic’s GovCon Index climbed to a record close for a fifth straight session Monday with Boeing (NYSE: BA) the main contributor along with mid-tier aerospace gains as U.S. stocks also pushed to new all-time highs after Wal-Mart reported quarterly sales above Wall Street’s forecasts.

GovCon Index advancers outnumbered decliners by a 9-to-1 ratio as 10 of its 11 S&P 500 components moved green with co-listed Boeing the GCI’s top overall net performer, while the airplane maker also led gainers in the Dow Jones Industrial Average at a $3.00 climb.

Five other GCI stocks also rose by at least $1.00: Orbital ATK (NYSE: OA), Harris Corp. (NYSE: HRS), Maximus (NYSE: MMS), Raytheon (NYSE: RTN) and CACI International (NYSE: CACI).

Seven GovCon companies hit new 52-week highs during the session: Boeing, Harris, L3, Raytheon, General Dynamics (NYSE: GD), Honeywell International (NYSE: HON) and Cubic Corp. (NYSE: CUB).

The S&P 500 composite index closed at an all-time high on Wal-Mart’s top line beat in a session that saw investors also welcome strong 2017 guidance from Home Depot.

All 11 major S&P sectors advanced with real estate and energy the top-performing sectors.

Market Summary

IndexValueNet Change% Change
GovCon Index93.471+0.640+0.689%
S&P 5002,365.38+14.22+0.60%
Dow Jones Industrial Average20,743.00+118.95+0.58%
NASDAQ5,865.95+23.37+0.47%
Advancing GovCon Index Issues26
Declining GovCon Index Issues4
Unchanged GovCon Index Issues0

Top GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change ▴% Change
BABoeing *175.56+2.85+1.65%
OAOrbital ATK91.22+1.70+1.90%
HRSHarris Corp. *111.02+1.56+1.43%
MMSMaximus60.00+1.27+2.16%
RTNRaytheon *154.02+1.16+0.76%

Top GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change ▴
NAVNavistar International27.85+0.66+2.43%
MMSMaximus60.00+1.27+2.16%
CSRACSRA *30.63+0.61+2.03%
BAHBooz Allen Hamilton35.38+0.67+1.93%
OAOrbital ATK91.22+1.70+1.90%

GovCon Index Decliners

SymbolCompany$ Current PriceNet Change ▾% Change
VECVectrus23.08-0.26-1.11%
ICFIICF52.35-0.15-0.29%
TXTTextron *48.21-0.14-0.29%
GIBCGI Group48.65-0.03-0.06%

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