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Financial Report

July 11 Morning Report: GovCon Index Posts Gain as June Jobs Report Exceeds Expectations

Executive Mosaic’s GovCon Index closed Friday with a 1.579-percent gain to 80.813 and ended the week up 1.342 percent. Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Huntington Ingalls Industries (NYSE: HII), Honeywell International (NYSE: HON) and Vectrus (NYSE: VEC) reached 52-week highs in Friday intraday trade. Friday’s performance comes as the Labor Department reports that non-farm …

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July 8 Market Close: GovCon Index Breaks 80 on June Labor Data Beat, 5 Stocks Hit 52-Week Highs

Executive Mosaic’s GovCon Index broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations. The GovCon Index closed up 1.579 percent to 80.813 and …

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Polycom Accepts $2B Buyout Offer From Siris Capital, Backs Out of Mitel Deal

Global communications services provider Polycom (Nasdaq: PLCM) has signed a new agreement to be purchased and taken private by investment firm Siris Capital for $2 billion and terminate a previous $1.96 billion merger deal with Ottawa, Canada-based Mitel (Nasdaq: MITL) announced in April. Polycom said Friday its board of directors received an offer letter from Siris on Thursday …

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July 7 Market Close: GovCon Index Down Ahead of June Payrolls Report as Energy Losses Weigh

Executive Mosaic’s GovCon Index turned downward in late morning trade Thursday then traded in slight negative territory during the afternoon session as investors looked ahead to the June labor report due for release before markets open Friday. The GovCon Index fell 0.263 points to 79.557 with Boeing (NYSE: BA) and CSRA (NYSE: CSRA) …

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July 6 Market Close: GovCon Index Lifts as Fed Minutes Show Rate Hike Caution

Executive Mosaic’s GovCon Index turned around its decline in morning trade Wednesday and held higher in the afternoon session as U.S. investors welcomed new Federal Reserve meeting minutes that indicated some caution among central bank leaders on the next interest rate increase. The GovCon Index gained 0.610 points to 79.820 with 10 of the GCI’s …

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July 5 Market Close: GovCon Index Lower as Oil Declines, Brexit Uncertainty Return to Markets

Executive Mosaic’s GovCon Index held lower to start July’s first full trade week Tuesday as U.S. stocks stumbled on a decline in crude oil prices that weighed on energy stocks and new investor uncertainty over Britain’s June 23 vote to leave the European Union. The GovCon Index ended its four-day gain …

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July 5 Morning Report: GovCon Index Continues Post-Brexit Recovery

Executive Mosaic’s GovCon Index closed Friday with a gain of 0.178 points to 79.718 and recorded a weekly climb of 3.216 percent as it continues to recover from the previous week’s losses following the “Brexit” referendum vote in the U.K. Friday was also the second consecutive session in which Lockheed Martin (NYSE: LMT),  Northrop Grumman (NYSE: NOC), Huntington …

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July 1 Market Close: GovCon Index Holds Positive Despite PM Descent

Executive Mosaic’s GovCon Index descended into narrow range during afternoon trade after a strong morning session Friday but held in positive ahead of a three-day holiday weekend. The GovCon Index posted a gain of 0.178 points to 79.718 and ends the week up 3.216 percent in a sharp turnaround from Monday’s losses in the …

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June 30 Market Close: GovCon Index Completes Turnaround From Post-Brexit Selloff, 4 GCI Stocks Hit 52-Week Highs

Executive Mosaic’s GovCon Index added at least one full percentage point for the second session in three Thursday to complete a reversal of its losses stemmed from the two-day selloff in global financial markets after Britain’s Thursday vote to leave the European Union. The GovCon Index closed up 2.066 percent to 79.540 at a mark 0.007 …

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June 29 Market Close: GovCon Index Extends Post-Brexit Shock Reversal as Primes Lead Surge

Executive Mosaic’s GovCon Index staged a second consecutive session of recovery Wednesday from the post-Brexit shock that loomed over global financial markets during the prior two trading days with McKesson Corp. (NYSE: MCK) as the top driver of gains with the prime defense stocks and platform also top performers. The GovCon …

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