Executive Mosaic’s GovCon Index closed up on the day as markets were mixed; the S&P 500 up 0.04 % to 2372.47, the DJIA closing down 0.10% to 20,881.48, and the NASDAQ up 0.24% closing at 5875.78.
Advancing issues outpaced declining 4 to 1. Rockwell Collins lead the way for GovCon Index companies upon receiving an upgrade to overweight and Morgan Stanley saying it has a $121 target price and the B/E Aerospace (Nasdaq: BEAV) acquisition could add as much as 30% to earnings.
Stocks traded in very tight band awaiting an almost certain Fed rate increase at tomorrow’s meeting.
WTI crude flirted with dropping below the $48 mark however ended the day closing at $48.43 per barrel off 0.12%.
|Index||Value||Net Change||% Change|
|Dow Jones Industrial Average||20,881.48||-21.50||-0.10%|
|Advancing GovCon Index Issues||24|
|Declining GovCon Index Issues||6|
|Unchanged GovCon Index Issues||0|
Top GovCon Index Net Performers
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
|CACI||CACI Intern. Inc||123.85||+1.55||+1.27%|
Top GovCon Index Percentage Performers
|Symbol||Company||$ Current Price||Net Change||% Change ▴|
GovCon Index Decliners
|Symbol||Company||$ Current Price||Net Change ▾||% Change|
|HON||Honeywell Intern. *||126.73||-0.31||-0.24%|
*Companies Included in S&P500 Index