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May 8 Morning Report: Friday Close – GovCon Index at 30 Day High and Major Markets Set New Records

The Executive Mosaic GovCon Index ended Friday at a 30 day high closing at 93.666 up 0.915 percent on the day as advancers outpaced decliners 5 to 1. ICF was at the top of the leader board with a 6.29 percent increase in share value driven by a robust first quarter earnings report.

The major markets closed up on Friday with strong April employment numbers. The S&P500 and NASDAQ both hit new record highs. The S&P500 came very close to topping 2,400 closing at 2,399.27 while the NASDAQ broke through the 6,100 mark ending the week at 6,100.76. Investors came off the sidelines as the strong April jobs report seemed to ease some fears of a weakening economy.

At market close WTI rebounded $0.86 to 46.38 as global producers indicate that current agreed production cuts could extend past the June deadline, alleviating some concerns about oversupply.

 Today Market Summary

Index Value Net Change % Change
GovCon Index 93.666 +0.849 +0.915%
S&P 500 2,399.27 +9.77 +o.41%
Dow Jones Industrial Average 21,006.94 +55.47 +0.26%
NASDAQ 6,100.76 +25.42 +0.42%
Advancing GovCon Index Issues 25
Declining GovCon Index Issues 5
Unchanged GovCon Index Issues 0

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change ▴ % Change
ICFI ICF 48.15 +2.85 +6.29%
HII Huntington Ingalls 195.50 +7.29 +3.87%
NAV Navistar Intern. 26.37 +0.82 +3.21%
BAESY BAE Systems 33.84 +0.83 +2.53%
CAE CAE  15.92  +0.30 +1.92%

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
HII Huntington Ingalls 195.50 +7.29 +3.87%
NOC Northrop Grumman * 248.91 +3.16 +1.29%
ICF ICF 48.15 +2.85 +6.29%
LMT Lockheed Martin * 273.03 +2.52 +0.93%
BA Boeing *  185.01  +1.94 +1.06%

Top GovCon Index Percentage Decliners

Symbol Company $ Current Price Net Change ▾ % Change
MMS Maximus Inc. 60.79 -0.60 -0.98%
CACI CACI Intern. 126.35 -1.10 -0.86%
MCK McKesson Corp. * 141.47 -0.75 -0.53%

*Companies Included in S&P500 Index

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