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 l...
TYSONS CORNER, VA, Nov. 15, 2016 ” The F-35 Joint Strike Fighter program office has tapped Northrop Grumman‘s (NYSE: NOC) Australia-based subsidiary for maintenance, repair, overhaul and upgrade services, ExecutiveBiz reported Monday. Northrop said Friday it will a join a team of other companies including the Australian operatio...
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 ...
November 7 – November 11, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Red was the dominant color all over the electoral map Tuesday night and green has taken over many corners of Wall Street since with defense and other GovCon stocks in particular the focus of...
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 consecuti...
Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composit...
As of 11:15 a.m. Eastern time, Executive Mosaic’s GovCon Index is trading up 4 percent and on pace to record its largest one-day gain since its October 2014 inception as investors have snapped up shares in large defense primes after the upset victory by Donald Trump in the U.S. presidential election. U.S. stocks seesawed between...
United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $167.5 million contract to fund long-lead engine materials needed for the low-rate initial production of lot 11 F-35s. Pratt & Whitney will supply 48 F135-PW-100 fighter engines for the U.S. Air Force, four F135-PW-100s for the U.S. Na...
Executive Mosaic’s GovCon Index recorded its best one-day gain in seven weeks Monday with a 2-percent gain that mirrored across-the-board rallies by U.S. stocks as investors welcomed the FBI‘s weekend letter to reiterate the agency’s stance that Hillary Clinton’s email usage was not a crime. The U.S. ...
Executive Mosaic’s GovCon Index enters the eve of the U.S. presidential election on a six-week streak of declines with Friday’s close at 78.088, up 0.024 points from Thursday. Both the GCI and U.S. stock market at-large have felt effects of election-related uncertainty among investors over the past month with frequent swings between...
