Tag Archives: oil

August 9 Market Close: GovCon Index Rebounds, AECOM Down on 3Q Revenue Miss

Executive Mosaic’s GovCon Index rebounded Tuesday with gainers outnumbering laggers by a roughly 4-to-1 ratio against a largely choppy day for U.S. stocks as the general financial markets continue to struggle for direction. Ten of the GCI’s 11 S&P 500-listed stocks closed in green with McKesson Corp. (NYSE: MCK) the best net …

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AECOM 3Q Earnings Top Street Forecast, Revenue Misses on Energy Market Headwinds

AECOM (NYSE: ACM) reported third fiscal quarter earnings above the consensus analyst outlook Tuesday as revenue for the period fell year-over-year on continued softness in the oil and gas markets with exacerbated effects from the mid-year fire in Fort McMurray, Canada. Earnings for the quarter ended June 30 came in at 81 …

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August 8 Market Close: GovCon Index Dragged by Northrop & Other Defense Prime Losses

The GovCon Index stumbled Monday and failed to carry over momentum from Friday’s strong July jobs report as declines by major defense primes weighed on the GCI and losses by healthcare shares dragged down U.S. stocks. GovCon Index laggers outnumbered gainers by a 2-to-1 ratio and four of its 11 S&P 500-listed stocks posted gains with Northrop Grumman (NYSE: …

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August 2 Market Close: GovCon Index Down on Boeing & Services Stock Losses, Harris Jumps 2% on Jana Partners Board Pact

Executive Mosaic’s GovCon Index traded downward Tuesday on sharp declines in Boeing (NYSE: BA) and major services-oriented contractors while Harris Corp. (NYSE: HRS) soared 2.71 percent on news of its board of directors membership agreement with activist hedge fund Jana Partners. The GovCon Index declined 0.316 points to 82.184 and five of the GCI’s 11 S&P 500-listed stocks …

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July 29 Market Close: GovCon Index Holds in Neutral, Ends July in Green

Executive Mosaic’s GovCon Index remained stuck in neutral range for a second consecutive session Friday as investors continued to gauge second quarter earnings reports from government contractors with additional statements due next week. The GovCon Index nudged down 0.065 points to 82.248, which puts the GCI at respective gains of 0.460 points for the …

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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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July 25 Market Close: GovCon Index Down on Prime Declines & Oil Fall, Engility Surges on Debt Refinance Plan

Executive Mosaic’s GovCon Index held in slight negative range Monday as gains by services contractors Engility Holdings (NYSE: EGL) and CACI International (NYSE: CACI) failed to offset declines by defense primes and platform makers. The GovCon Index declined 0.110 points to 81.678 and only two of the GCI’s 11 S&P 500-listed stocks closed in green …

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July 22 Market Close: GovCon Index Shakes Off Weak Open, Honeywell Plummets on Sales Outlook Cut

Executive Mosaic’s GovCon Index reversed an initial weak open to register a gain Friday that was not enough to push the GCI to positive for the week as second quarter earnings reports started for government contracting companies. The GovCon Index added 0.289 points to 81.788 Friday but ended at a nominal five-day decline of 0.031 points with …

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July 21 Market Close: GovCon Index Falls on Defense Prime Losses, Oil Decline Holds Down US Stocks

Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499  as none of the GCI’s 11 S&P 500-listed stocks closed at a gain with eight in the U.S. stock …

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July 18 Market Close: GovCon Index Slightly Down Ahead of Lockheed 2Q Earnings Report

Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results. The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s …

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