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Financial Report

November 30 Market Close: GovCon Index Retreats, Ends Best Month Since July as US Stocks Stay in Tight Range

Executive Mosaic’s GovCon Index retreated Wednesday on declines by large prime and middle-tier services contractors that offset a surge by McKesson Corp. (NYSE: MCK) in a session that saw U.S. stocks trade in narrow range to close the month of November. U.S. market activity was dominated by the agreement among OPEC countries to reduce …

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Lockheed, Raytheon CEOs Highlight Intl Sales Environment Amid Oil Price Headwinds & Incoming Trump Administration

The chief executives of Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) described to investors Wednesday their expectations of the foreign military sales environment in light of oil price volatility worldwide and President-elect Donald Trump’s campaign suggestion that U.S. allies contribute more financial resources to their own defense. Both CEOs told …

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November 29 Market Close: GovCon Index Briefly Touches, Closes Short of 90 Points

Executive Mosaic’s GovCon Index ended at an all-time record close for a fourth session over the last five Tuesday and briefly touched the 90-point barrier for the first time in its two-year history during afternoon trade to resume its post-election rally with defense stocks in particular strong performers. The U.S. equity benchmark S&P 500 also climbed …

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November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

Executive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains. GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the …

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November 28 Morning Report: GovCon Index Posts 3rd Straight Record Close, Weekly Gain

Executive Mosaic’s GovCon Index climbed 0.721 percent to 89.518 for the shortened trading session Friday to register a third consecutive record-high close as gainers outnumbered decliners by a 4-to-1 ratio. Huntington Ingalls Industries (NYSE: HII) was the GCI’s top net performer and Rockwell Collins (NYSE: COL) was the top percentage gainer. The Index also …

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November 25 Market Close: GovCon Index Sets 3rd Straight Record Close in Half-Day Session

Executive Mosaic’s GovCon Index set a third straight record-high close Friday to a third consecutive weekly gain in a shortened U.S. stock trading session as financial markets closed at 1 p.m. Eastern time. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and all 11 of its S&P 500 stocks closed green with Huntington Ingalls …

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November 23 Market Close: GovCon Index Inches to New Record Close, US Stocks Flat After Fed Minutes

Executive Mosaic’s GovCon Index extended its current stretch of gains to a fifth straight session Wednesday and a second consecutive all-time record close to stay on track for a third straight weekly rise in a shortened trading week. U.S. stock markets are closed Thursday for the Thanksgiving holiday and are open …

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November 22 Market Close: GovCon Index, S&P 500 Notch Record Closes to Extend Post-Election Rally

Executive Mosaic’s GovCon Index set a new closing record Tuesday with a 1-percent gain paced by defense prime and government services stocks as the U.S. bellwether S&P 500 also ended at an all-time high in spite of healthcare stock declines. GovCon Index advancers outnumbered decliners at a 4-to-1 ratio and nine of its 11 …

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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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