Tag Archives: oil

July 7 Market Close: GovCon Index Down Ahead of June Payrolls Report as Energy Losses Weigh

Executive Mosaic’s GovCon Index turned downward in late morning trade Thursday then traded in slight negative territory during the afternoon session as investors looked ahead to the June labor report due for release before markets open Friday. The GovCon Index fell 0.263 points to 79.557 with Boeing (NYSE: BA) and CSRA (NYSE: CSRA) …

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July 6 Market Close: GovCon Index Lifts as Fed Minutes Show Rate Hike Caution

Executive Mosaic’s GovCon Index turned around its decline in morning trade Wednesday and held higher in the afternoon session as U.S. investors welcomed new Federal Reserve meeting minutes that indicated some caution among central bank leaders on the next interest rate increase. The GovCon Index gained 0.610 points to 79.820 with 10 of the GCI’s …

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Army Picks 12 Firms for $490M Oil & Gas Facilities Construction IDIQ

The U.S. Army has selected 12 companies to compete for task orders to help the Army Corps of Engineers design and construct petroleum, oil and lubricant facilities across U.S. states and territories under a potential five-year, $490 million contract. The Defense Department said Tuesday USACE received 24 offers for the project through a competitive bidding process …

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July 5 Market Close: GovCon Index Lower as Oil Declines, Brexit Uncertainty Return to Markets

Executive Mosaic’s GovCon Index held lower to start July’s first full trade week Tuesday as U.S. stocks stumbled on a decline in crude oil prices that weighed on energy stocks and new investor uncertainty over Britain’s June 23 vote to leave the European Union. The GovCon Index ended its four-day gain …

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June 7 Market Close: GovCon Index Boosted by L-3 Upgrade, Navistar Surges on Earnings Beat

The GovCon Index stretched its current streak of gains to five Tuesday by 0.212 points to 79.746 on an upgrade to L-3 Communications (NYSE: LLL) and a spike in Navistar International (NYSE: NAV) shares despite a full-year revenue guidance cut. Credit Suisse lifted its target price on L-3 to $169.00 and …

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June 2 Market Close: GCI Turns Around AM Decline, L-3 Hits 52-Week High on $2B AF Logistics Contract

The GovCon Index swung back into positive territory after an early morning decline Thursday and closed at a gain of 0.314 points to 78.927 as U.S. investors looked toward the release of Friday’s jobs report before markets open. L-3 Communications (NYSE: LLL) hit a new 52-week high in intraday trade after the New York City-based …

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May 25 Market Close: GovCon Index Nudges Gain on Boeing, Navistar Lift

The GovCon Index nudged out a gain of 0.081 points to 78.273 Wednesday on contributions from Boeing (NYSE: BA) and armored truck manufacturer Navistar International (NYSE: NAV). Boeing surged 1.07 percent and Navistar rose 9.09 percent, while shipbuilder Huntington Ingalls Industries (NYSE: HII) rebounded by one-half percent a day after its stock was downgraded to “Sell” from “Hold” by …

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May 16 Market Close: GovCon Index Posts 1% Gain as Markets Welcome Buffett’s Apple Stake

The GovCon Index posted its second gain of more than a full point in three weeks Monday to close up 1.052 points — or 1.366 percent — to 78.090. Contractor stocks rode the wave of positivity in U.S. markets after Warren Buffett’s Berkshire Hathaway investment arm disclosed its now-$1 billion stake in Apple as of the first quarter’s …

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May 10 Market Close: GCI Soars 1% as Lockheed, Northrop, HII Hit All-Time Highs in Intraday Trade

The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions. Lockheed Martin (NYSE: LMT),  Northrop Grumman (NYSE: NOC) and Huntington Ingalls …

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AECOM 2Q Revenue Below Street Forecast on Energy Market Downturn, Earnings Top Analyst Outlook

AECOM Technology (NYSE: ACM) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported second quarter revenue below Wall Street’s forecasts on a downturn in construction sales to energy sector customers as earnings topped analyst expectations. The Los Angeles-based engineering and construction contractor said revenue for the January-March period …

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