May 22 Morning Report: Friday Close - GovCon Index and Markets Reverse Mid Week Slump

After posting strong quarterly earnings McKesson Corporation lead theGovCon Index. McKesson closed up $11.57 per share (8.18 percent) to $153.01. The Executive Mosaic GovCon Index ended Friday up 1.29 percent to 92.864.

The major markets showed significant gains reversing the mid week slump with the DJIA recapturing 53 percent of Wednesdays losses.

At market close WTI closed up strongly to break through to $50 mark to a monthly high of $50.35 up 2.01 percent. WTI was up $1.51 or 3 percent for the week. There is still strong speculation that OPEC will confirm extending cuts through March of next year at their meeting in Vienna next week.

Market Summary

INDEX	SETTLEMENT VALUE	DAY NET CHANGE	DAY % CHANGE	Y-T-D NET CHANGE	Y-T-D % CHANGE
GovCon Index	92.864	+1.495	+1.293%	+4.887	+5.55%
S&P 500	2,381.73	+16.01	+0.68%	+130.10	+5.78%
Dow Jones Industrial Average	20,804.84	+141.82	+0.69%	+931.31	+4.69%
NASDAQ	6,083.70	+28.57	+0.47%	+658.08	+12.13%

Advancing GovCon Index Issues	28
Declining GovCon Index Issues	2
Unchanged GovCon Index Issues	0

Top GovCon Index Daily Percentage Performers

Symbol	Company	$ Current Price	Net Change –´	% Change
MCK*	McKesson Corp *	153.01	+11.57	+8.18%
HII	Huntington Ingalls	195.49	+5.15	+2.71%
NAV	Navistar	25.90	+0.68	+2.70%
LMT *	Lockheed Martin *	272.79	+5.47	+2.05%
KBR	KBR	14.75	+0.28	+1.94%

Top GovCon Index Daily Net Performers

Symbol	Company	$ Current Price	Net Change –´	% Change
MCK *	McKesson Corp *	153.01	+11.57	+8.18%
LMT *	Lockheed Martin *	272.79	+5.47	+2.05%
HII	Huntington Ingalls	195.49	+5.15	+2.71%
BA *	Boeing *	180.76	+3.36	+1.89%
GD *	General Dynamics *	195.87	+3.23	+1.68%