Executive Mosaic’s GovCon Index posted a 0.625-point climb Friday to record a fourth consecutive weekly gain as defense stocks received a boost from President Donald Trump’s reiteration of his presidential campaign pledge to build up the military.
GCI advancers outnumbered decliners by a 4-to-1 ratio with Huntington Ingalls Industries (NYSE: HII) the top net performer and Leidos (NYSE: LDOS) the largest percentage gainer.
Trump said at the Conservative Political Action Conference in Washington that his budget request will work toward one of the “greatest military buildups in American history,” including the increase of the U.S. Navy‘s fleet size to 350 ships.
The Index has climbed 17 percent and Huntington Ingalls has surged 44 percent since the November election.
|Index||Value||Net Change||% Change|
|Dow Jones Industrial Average||20,821.76||+11.44||+0.05%|
|Advancing GovCon Index Issues||24|
|Declining GovCon Index Issues||6|
|Unchanged GovCon Index Issues||0|
Top GovCon Index Net Performers
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
|HII||Huntington Ingalls Industries||216.98||+2.63||+1.23%|
|MCK||McKesson Corp. *||150.85||+1.88||+1.26%|
Top GovCon Index Percentage Performers
|Symbol||Company||$ Current Price||Net Change||% Change ▴|
|BAH||Booz Allen Hamilton||35.92||+0.58||+1.64%|
Lowest GovCon Index Net Performers
|Symbol||Company||$ Current Price||Net Change ▾||% Change|
Lowest GovCon Index Percentage Performers
|Symbol||Company||$ Current Price||Net Change||% Change ▾|