The GovCon Index rallied Thursday to extend its current stretch of volatility into a fifth straight session as large primes and S&P 500-listed contractors led advancers in conjunction with gains in the larger U.S. stock market on economic data traders view as a factor against a September interest rate hike. The GovCon Index has ad...
Executive Mosaic’s GovCon Index closed down with mix results across trading markets. Crude oil climbed to a one week high in hopes the oil producing countries can reach an agreement to limit production. The government contracting community showed little movement with prices trading in a very tight band. Market Summary Index Value Net Chan...
Executive Mosaic’s GovCon Index continued its pre Labor Day rise with another positive close to 82.015. Energy companies lead U.S. stocks higher Tuesday in hopes for an agreement among oil producing countries that could limit production and send crude prices and company profits higher. GovCon Index gainers outnumbered laggers by a roughly...
Executive Mosaic’s GovCon Index posted a gain of 0.508 percent or 0.412 points Friday to close at 81.565 and end a three-day losing streak as investors bet against the possibility of an interest rate hike in September. The Index also registered a weekly gain with S&P 500-listed Northrop Grumman (NYSE: NOC) as ...
Executive Mosaic’s GovCon Index ended its three-day losing streak Friday after August’s jobs report missed economists expectations to register a weekly gain and investors bet against the possibility of a September interest rate hike. GovCon Index gainers outnumbered laggers by a roughly 9-to-1 ratio and S&P 500-listed&...
Executive Mosaic’s GovCon Index started September with a slight decline Thursday to register its third straight loss as Vectrus (NYSE: VEC) plunged almost 20 percent on the loss of a contract for Middle East-based logistics services the company held since 2010. Colorado Springs-based Vectrus said pre-open the Army Prepositioned Stock...
Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered lagger...
Executive Mosaic’s GovCon Index traded lower Wednesday with McKesson Corp. (NYSE: MCK) the worst net performer at more than double the decline of second-lowest Lockheed Martin (NYSE: LMT) as losses in healthcare shares dragged U.S. stocks into negative territory. General Dynamics was the only GovCon Index-S&P 500 compan...
Executive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention. GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of t...
Executive Mosaic’s GovCon Index recorded a decline of 0.090 points to 82.025 Friday and closed the week with a gain as four of GCI’s 11 S&P 500-listed stocks ended in green during the period’s last trading session. CACI International (NYSE: CACI) led the net gainers along with other midtier primes, while Orbital ATK ...
