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Tag Archives: dollar

January 17 Market Close: GovCon Index Down on Shipbuilder Declines, Financials Drive S&P 500 Lower

Executive Mosaic’s GovCon Index tumbled Tuesday on declines from major military shipbuilders and defense technology makers as U.S. stocks traded lower with a 2.28-percent decline by financial shares the main contributor after a three-day weekend for equity markets. GovCon Index laggards outnumbered advancers by an 9-to-1 ratio and overall top performer McKesson Corp. (NYSE: MCK) was the …

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October 13 Market Close: GovCon Index Cuts Losses in PM Trade, Cubic Weighs After 4Q Earnings Caution

Executive Mosaic’s GovCon Index pared much of its losses during afternoon trade Thursday but failed to close in green as Cubic Corp. (NYSE: CUB) tumbled after the company warned full-year earnings and revenue would fall below prior guidance on funding delays from the Defense Department. GovCon Index gainers slightly edged laggers after …

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October 11 Market Close: GovCon Index Plummets 1%, Earnings & Inflation Worries Loom Over Markets

Executive Mosaic’s GovCon Index plunged 1 percent Tuesday to post its worst one-day performance in two months with all 30 companies in red at the close as U.S. financial markets entered sell-off mode on investor worries over dim third quarter corporate earnings and the fast pace of inflation. Six of the GovCon Index’s …

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October 4 Market Close: GovCon Index Falls on Defense Prime Declines, Strong Dollar and IMF Forecast Weigh on Markets

Executive Mosaic’s GovCon Index declined Tuesday with major defense primes and large services companies the major contributors to its losses as U.S. stocks also tumbled on a stronger dollar and a muted global outlook from the International Monetary Fund. GovCon Index gainers outnumbered laggers by a 2-to-1 ratio, McKesson Corp. (NYSE: MCK) was …

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June 8 Market Close: GCI Hits 80, Extends Gain Streak to 6th Day as HII & L-3 Hit 52-Week Highs

The GovCon Index held positive for a sixth consecutive full trading session Wednesday with a gain of 0.751 points to 80.497 and achieved its first close above 80 points in 16 months. A weakening dollar helped lift U.S. stocks and multinational corporations in particular as commodities such as copper, gold and …

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ICF 2015 & 4Q Earnings Below Street on Strong Dollar, Firm Lifts 2016 Guidance

ICF International (NASDAQ: ICFI) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported 2015 and fourth quarter earnings and revenue below Wall Street’s forecasts on a strong U.S. dollar that impacted commercial and international government sales. The Fairfax, Virginia-based consulting services contractor posted $39.37 million in full-year …

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February 8 Market Close: GovCon Index, US Stocks Tumble 1% on Oil & Financial Losses as Vectrus Joins GCI

The GovCon Index followed the steep downturn in U.S. markets Monday with a decline of 1.027 percent to 70.035 spurred by new declines in oil prices and worries about the pace of future interest rate increases by the Federal Reserve. Monday also represented the first day of Colorado Springs-based government …

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Rockwell Collins Raises FY 2016 Earnings Guidance on 1Q Beat; Govt Sales Down 13%

Rockwell Collins (NYSE: COL) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings per share of $1.21 for the first quarter of the company’s 2016 fiscal year to exceed Wall Street analyst expectations by 21 cents. Profit for the Cedar Rapids, Iowa-based avionics contractor …

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December 10 Market Close: GovCon Index Snaps 3-Day Losing Streak

The GovCon Index snapped a three-day streak of declines Thursday with a gain of 0.319 points to 76.970 and the larger U.S. stock market also ended its four-day stretch of losses. U.S. investors also looked to build up their currency holdings as the dollar rose 0.7 percent to $1.09 versus the euro …

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ICF Posts 3Q Earnings, Revenue Jump From 2014; Sudhakar Kesavan on Federal Budget Deal’s Effects

ICF International (Nasdaq: ICFI) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported third quarter earnings of 75 cents per share to fall 3 cents below the Wall Street consensus estimate. The Fairfax, Va.-based consulting and contracting firm reported 70 cents per share for the same quarter in 2014. Profit …

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