November 9 Intraday Special Report: GovCon Index Up 4% & Surging Toward Largest One-Day Climb, Defense Primes Pace Gains

As of 11:15 a.m. Eastern time, Executive Mosaic’s GovCon Index is trading up 4 percent and on pace to record its largest one-day gain since its October 2014 inception as investors have snapped up shares in large defense primes after the upset victory by Donald Trump in the U.S. presidential election.

U.S. stocks seesawed between gains and losses during early volatile trade but the benchmark S&P 500 composite index was up close to 0.6 percent as of 11:15 a.m.

Financial markets had priced in a victory for Clinton and now traders have shifted attention to the implications of Trump’s win on issues such as trade, taxes and foreign policy.

Eight of the GCI’s 30 components have hit new 52-week highs during the trading session’s first three hours: General Dynamics (NYSE: GD), Northrop Grumman (NYSE: NOC), Raytheon (NYSE: RTN), Harris Corp. (NYSE: HRS), Booz Allen Hamilton (NYSE: BAH), CACI International (NYSE: CACI), Navistar International (NYSE: NAV) and Science Applications International Corp. (NYSE: SAIC).

Lockheed Martin (NYSE: LMT) and Huntington Ingalls Industries (NYSE: HII) led all GCI net gainers with Northrop in third and each three have added at least $11.00.

Maximus (NYSE: MMS) has plummeted to trade as the GCI’s biggest lagger as the government services contractor performs work to help U.S. federal agencies implement the Affordable Care Act, which Trump vowed to repeal throughout his campaign.

Canada-based CAE (NYSE: CAE) and CGI Group (NYSE: GIB) are the only other GCI stock in negative territory as of this story’s publication.

Market Summary (as of 11:15 a.m. Eastern time)

Index	Value	Net Change	% Change
GovCon Index	83.106	+3.271	+4.097%
S&P 500	2, 144.98	+98.38	+0.54%
Dow Jones Industrial Average	18, 415.64	+82.90	+0.45%
NASDAQ	5, 199, 27	+55.41	+1.08%

Advancing GovCon Index Issues	27
Declining GovCon Index Issues	3
Unchanged GovCon Index Issues	0

Top GovCon Index Net Gainers

Symbol	Company	$ Current Price	Net Change –´	% Change
LMT	Lockheed Martin *	252.82	+13.63	+5.70%
NOC	Northrop Grumman *	241.65	+11.78	+5.12%
HII	Huntington Ingalls Industries	161.54	+11.12	+7.39%
MCK	McKesson Corp. *	139.93	+9.42	+7.22%
RTN	Raytheon *	145.48	+8.97	+6.57%

Top GovCon Index Percentage Gainers

Symbol	Company	$ Current Price	Net Change	% Change –´
VEC	Vectrus	19.25	+2.40	+14.24%
ACM	AECOM	30.82	+2.95	+10.58%
EGL	Engility Holdings	30.85	+2.41	+8.47%
KBR	KBR	14.24	+1.00	+7.55%
HII	Huntington Ingalls Industries	161.54	+11.12	+7.39%