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Ross Wilkers

November 21 Market Close: GovCon Index Advances, KBR & Leidos Get Upgrades as Cubic Falls on Guidance Miss

Executive Mosaic’s GovCon Index advanced for a third consecutive session Monday on a mix of contributions from large primes and services stocks but a sharp fall by Cubic Corp. (NYSE: CUB) pared the GCI’s gain after the contractor’s guidance missed analysts’ expectations. GovCon Index gainers outnumbered decliners by a 5-to-1 ratio and …

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Cubic FY 2017 Guidance Falls Below Street Outlook, Contractor Expects Defense Order Delay Resolutions

GovCon Index-listed Cubic Corp. (NYSE: CUB) issued earnings and revenue guidance below Wall Street’s consensus outlook for the company’s 2017 fiscal year started Oct. 1 with expectations of delayed orders from the Defense Department to be received over the next 12 months. San Diego-based Cubic said in October the DoD funding delays would impact …

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November 18 Market Close: GovCon Index Narrowly Green to Close 2nd Straight Weekly Gain

Executive Mosaic’s GovCon Index posted a small gain Friday to register its second consecutive weekly gain on continued positive sentiment among investors toward defense stocks compared to other sectors. U.S. stocks traded lower Friday on healthcare sector declines to continue the slowdown in markets from the post-election rally but the S&P 500 …

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November 17 Market Close: GovCon Index Nudges Green, Fed Chair Tells Congress Rate Hike Near

Executive Mosaic’s GovCon Index nudged a slight gain Thursday in a mostly positive session for the U.S. stock market at-large as investors listened to Federal Reserve Chair Janet Yellen’s congressional testimony. GovCon Index decliners edged advancers and three of its 11 S&P 500 components closed green with Honeywell International (NYSE: HON) the best net gainer among …

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November 16 Market Close: GovCon Index Lower as Defense Primes Slow Post-Election Surge

Executive Mosaic’s GovCon Index traded lower Wednesday on sell-offs in its largest defense prime components as U.S. stocks also held modestly down with financial stocks and utilities among the most notable decliners. GovCon Index laggards outnumbered gainers by a 2-to-1 ratio and all 11 of its S&P 500 components fell with Lockheed Martin …

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November 15 Market Close: GovCon Index Post-Election Gain Streak Ends With 1% Decline, US Stocks Advance

Executive Mosaic’s GovCon Index ended its four-day post-election gain streak with a 1-percent decline Tuesday as investors sold defense shares that had surged since Donald Trump’s U.S. presidential election victory Nov. 8. In contrast, U.S. stocks were lifted Tuesday on bounces in technology and energy shares as the latter sector rose in conjunction with …

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November 14 Market Close: GovCon Index Posts 4th Straight 1%-Plus Gain, AECOM Surges on CEO’s Infrastructure Comments

Executive Mosaic’s GovCon Index added at least 1 full percent for a fourth consecutive session Monday to new all-time high as defense primes continued to lead gainers and construction company AECOM (NYSE: ACM) also climbed after its CEO offered investors a positive outlook on U.S. infrastructure spending. GovCon Index gainers outnumbered …

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November 10 Market Close: GovCon Index Adds 2% to Record High on Post-Election Defense Buying Spree

Executive Mosaic’s GovCon Index added 2 percent to another record close Thursday as investors continued a buying spree on defense stocks after Donald Trump’s election win and Maximus (NYSE: MMS) rebounded after its sharp drop Wednesday. GovCon Index gainers again outnumbered laggers at a 9-to-1 ratio for a second consecutive session and all …

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Maximus Issues FY 2017 Outlook Falls Below Street Forecasts, Expects Continued Brexit Currency Headwinds

GovCon Index-listed Maximus (NYSE: MMS) released earnings and revenue guidance for fiscal year 2017 below the consensus Wall Street forecast Thursday in part on expectations of continued headwinds from the British pound’s post-Brexit weakening. The Reston, Virginia-based government services contractor forecasts earnings of $2.90-$3.10 per share versus the analysts’ midpoint forecast of …

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CSRA Tops Street’s 2Q Earnings, Revenue Forecasts

GovCon Index– and S&P 500-listed CSRA (NYSE: CSRA) reported second quarter earnings and revenue above Wall Street analysts’ forecasts after markets closed Wednesday on what the company cited as ramps of new business awards and expansion of existing work. Earnings for the three-month period ended Sept. 30 came in at …

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