May 9 Morning Report: GovCon Index Posts Gain on US Buying Activity,  Earnings Reports

May 9 Morning Report: GovCon Index Posts Gain on US Buying Activity, Earnings Reports


GovConIndexUPThe GovCon Index closed Friday with a 0.634-point increase to 7.206 amid buying activity in U.S. financial markets.

The GCI also posted a weekly gain of 0.845 points as earnings reports from contractors over the past week — including Huntington Ingalls Industries (NYSE: HII),  Engility Holdings (NYSE: EGL),  ICF International (Nasdaq: ICFI),  Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) – exceeded analyst expectations.

 

Top GovCon Index Net Gainers

SymbolCompany$ Current PriceNet Change –´% Change
HIIHuntington Ingalls Industries155.20+4.07+2.69%
EGLEngility Holdings21.65+2.44+12.70%
NOCNorthrop Grumman*214.10+2.17+1.02%
LMTLockheed Martin*240.26+2.12+0.89%
CACICACI International95.35+1.87+2.00%

* Also listed in the S&P 500 composite index

Top GovCon Index Percentage Gainers

SymbolCompany$ Current PriceNet Change% Change –´
EGLEngility Holdings21.65+2.44+12.70%
ICFIICF International39.57+1.19+3.10%
CAECAE11.89+0.32+2.77%
MMSMaximus53.92+1.43+2.72%
HIIHuntington Ingalls Industries155.20+4.07+2.69%

Market Summary

Advancing GovCon Index Issues23
Declining GovCon Index Issues7
Unchanged GovCon Index Issues0
IndexValueNet Change% Change
GovCon Index77.206+0.634+0.828%
S&P 5002, 057.14+6.51+0.32%
Dow Jones Industrial Average17, 740.63+79.92+0.45%
NASDAQ4, 736.15+19.06+0.40%

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