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Tag Archives: financial report

January 24 Market Close: GovCon Index Advances With Boeing Lift, Lockheed Drags on Dimmed Guidance & Sikorsky Material Weakness

Executive Mosaic’s GovCon Index traded higher Tuesday on a lift from Boeing (NYSE: BA) and government services stocks as Lockheed Martin (NYSE: LMT) fell after the defense contractor reported material weaknesses related to internal controls for financial statements at its Sikorsky helicopter subsidiary. All three major U.S. stock indices also advanced as the S&P …

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January 23 Market Close: GovCon Index, US Stocks Fall on Trump Trade Pact Withdrawal Order

Executive Mosaic’s GovCon Index tumbled in conjunction with larger declines on Wall Street Monday as investors retreated from equities after President Donald Trump signed an executive order to withdraw from the 12-country Trans-Pacific Partnership trade agreement. GovCon Index decliners outnumbered gainers by a 4-to-1 ratio and two of its 11 S&P 500 …

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January 23 Morning Report: GovCon Index Posts Gain on Boost From McKesson, Rockwell Collins

Executive Mosaic’s GovCon Index registered a 0.263-point gain to 88.954 Friday as gainers outnumbered decliners 17 to 13. McKesson Corp. (NYSE: MCK) was the top net performer in the GCI while Rockwell Collins (NYSE: COL) was the top percentage gainer. Pharmaceutical services provider McKesson also led among stocks co-listed in the S&P 500, …

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January 20 Market Close: GovCon Index Inches Gain, US Stocks Pare Advances After Trump Inaugural Speech

Executive Mosaic’s GovCon Index held higher Friday to post a weekly advance on boosts from from blue chip stock McKesson Corp. (NYSE: MCK) and aerospace company Rockwell Collins (NYSE: COL) after a first quarter earnings. U.S. stocks sharply pared their gains after now President Donald Trump’s inaugural speech as uncertainty set in equity markets on uncertainty …

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Rockwell Collins Tops Street’s 1Q Earnings Forecast, Govt Sales See 5% Increase

GovCon Index-listed Rockwell Collins (NYSE: COL) reported first quarter earnings above Wall Street analysts’ expectations Friday with help from higher avionics and other aviation-related sales in the Cedar Rapids, Iowa-based aerospace company’s government business. Rockwell Collins said earnings for the October-December period came in at $1.20 per share that excludes $0.10 of costs related …

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January 19 Market Close: GovCon Index Lifted by Platform Maker Gains Against Red Majority Ahead of Inauguration

Executive Mosaic’s GovCon Index closed higher Thursday as gains by large defense platform and product makers helped offset declines by a majority of the GCI’s 30 stocks with mid-tier prime contractors and government services providers in red. U.S. stocks traded lower by comparison with real estate the largest drag on equities in the …

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January 18 Market Close: GovCon Index Higher, US Stocks Mixed After Fed Chair Speech

Executive Mosaic’s GovCon Index traded higher Wednesday on help from its large-cap components against mixed U.S. stock movements as investors awaited Federal Reserve chair Janet Yellen’s speech on the U.S. economy during the last hour of trade. GovCon Index gainers slightly edged decliners each and nine of its 11 S&P 500 companies advanced with co-listed Raytheon (NYSE: …

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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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Boeing CEO Says Progress Made on ‘Simplifying Requirements’ for Air Force One After Trump Meeting

Boeing (NYSE: BA) CEO Dennis Muilenburg told reporters Tuesday after his hour-long meeting with President-elect Donald Trump that the company has moved forward on efforts in “simplifying requirements” for the future Air Force One replacement airplane with combat jets also a topic of discussion there. Trump first criticized the presidential aircraft program on …

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January 17 Morning Report: GovCon Index Posts Gain on Defense Prime Stock Boost

Executive Mosaic’s GovCon Index closed Friday with a 0.464-percent climb to 88.863 as gainers outnumbered laggards at a 2-to-1 ratio with strong performances by defense prime stocks. L3 Technologies (NYSE: LLL) was GCI’s top net performer while Vectrus (NYSE: VEC) led the listed stocks in percentage gained. The Index’s rebound comes amid investor optimism …

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