July 24th Morning Report: Friday Close – GovConIndex Ends Week Up, Markets Down

The Executive Mosaic GovCon Index (GCI) ended the week with two consecutive days of positive moves. The GCI closed on Friday at 98.338, up 0.149 percent, hitting a weekly high. The top five positions on the GCI were held by manufacturing companies.

All the major indices closed marginally down Friday with the S&P500 at 2,472.54, while DJIA closed at 21,580.07, and the NASDAQ Composite settled at 6,387.75. Markets were lead downward by energy stocks as they felt the impact of declining oil prices.

Crude oil ended the week down with negative closings for the past two days. WTI on the NY Mercantile Exchange posted a lose of 2.62 percent to $45.69 per barrel. Crude prices were negatively affected due to estimates indicating that OPEC’s supply for July will reach a yearly high, adding further pressure to global supply and oil prices.

Market Summary

INDEX SETTLEMENT VALUE DAY NET CHANGE DAY % CHANGE   Y-T-D NET CHANGE Y-T-D % CHANGE
GovCon Index  98.338  +0.146 +0.149%   +10.361 +11.78%
S&P 500 2,472.54  -0.91 -0.04% +220.97 +9.81%
Dow Jones Industrial Average 21,580.07 -31.71 -0.15% +1707.21 +8.59%
NASDAQ  6,387.75 -2.25 -0.04% +962.13 +17.73%
Advancing GovCon Index Issues  12
Declining GovCon Index Issues  18
Unchanged GovCon Index Issues 0

Top GovCon Index Daily Percentage Performers

Symbol Company $ Current Price Net Change ▴ % Change
 NAV  Navistar Int’l 29.41 +0.40 +1.38%
 HII  Huntington Ingalls Industries 201.35 +2.16 +1.08%
 GD*  General Dynamics Corp.*  204.55 +2.15 +1.06%
 HON*  Honeywell Int’l Inc.*  136.35 +1.40 +1.04%
 BA*  Boeing*  212.14 +1.86 +0.88%

Top GovCon Index Daily Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
 HII  Huntington Ingalls Industries 201.35 +2.16 +1.08%
 GD*  General Dynamics Corp.*  204.55 +2.15 +1.06%
 BA*  Boeing*  212.14 +1.86 +0.88%
 HON*  Honeywell Int’l Inc.*  135.35 +1.40 +1.04%
 OA  Orbital ATK, Inc. 103.25 +0.85 +0.83%

Top GovCon Index Daily Percentage Decliners

Symbol Company $ Current Price Net Change ▾ % Change
 ICFI  ICF 46.20 -0.90 -1.91%
 EGL  Engility Holdings, Inc. 29.11 -0.33 -1.12%
 SAIC  SAIC 69.96 -0.71 -1.00%

*Companies Included in S&P500 Index

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