Tag Archives: oil

Harris Lowers FY 2016 Revenue Outlook on Energy Price Declines, Lifts Earnings Guidance Despite 2Q Loss

Harris Corp. (NYSE: HRS) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has cut revenue guidance for its 2016 fiscal year on global declines in oil prices that have affected the company’s outlook for the CapRock remote communication services business. The Melbourne, Fla.-based communications technology manufacturer — …

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February 1 Market Close: GovCon Index Halves AM Losses, Stays Red as US Stocks End Day Mixed

The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive. Gains in technology shares such as Facebook and Google‘s parent …

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January 29 Market Close: GovCon Index Surges Out of Correction to End Volatile January

The GovCon Index surged out of correction territory Friday with a gain of 2.643 percent to 71.807 which mirrored investor optimism that the Federal Reserve may slow down future interest rate hikes and a bounce-back from technology stocks. The Index ends the week at a 2.81-percent loss and the first …

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January 25 Market Close: GovCon Index Falls Back Into Correction Ahead of Earnings Week for ‘Big Five’ Contractors and Others

The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a batch of …

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January 25 Morning Report: GovCon Index, Other US Markets Post Significant Gains

The GovCon Index closed Friday with a gain of 1.35% to 71.466. The Dow Jones, Nasdaq and S&P 500 indices also posted significant gains at 1.33%, 2.66% and 2.03%,  respectively. West Texas Intermediate crude oil also went up over 9% to close at $32.20. Top GovCon Index Gainers Symbol Company $ Current Price …

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January 20 Market Close: GovCon Index, US Stocks Record 1% Declines on Continued Oil-Driven Volatility

The GovCon Index mirrored wild volatility in U.S. markets Wednesday to close at a decline of 0.703 points to 71.438 with an attempt to recover from steep and rapid declines during morning and mid-afternoon trade. The Index showed a 3.5 percent decline at around 12 p.m. ET and fell further …

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January 19 Market Close: GovCon Index Shows PM Turnaround to Narrow Gain, US Stocks Mixed

The GovCon Index attempted to turn around sharp losses incurred mid-afternoon Friday during the day’s final trading hour and closed at a gain/loss of 0.086 points to 72.182. The Index had shown a decline of around 1.1 percent at around 2 p.m. Eastern time before a reversal that started shortly …

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January 19 Morning Report: GovCon Index Closes With Decline on Further Oil Price Drop

The GovCon Index closed Friday with a 1.218-percent decline to 72.118 on falling oil prices and below-consensus economic data points. Pharmaceutical services provider McKesson Corp. (NYSE: MCK) topped the Index with a gain of 22 cents to $165.   Market Summary Advancing GovCon Index Issues 1 Declining GovCon Index Issues 28 …

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January 15 Market Close: GovCon Index Stumbles to 3-Month Low as US Oil Futures Settle Below $30

The GovCon Index closed at a new three-month low for the second time in three days Friday with a loss of 1.218 percent to 72.118 as investors reacted to further declines in oil prices and new economic data points that fell below the consensus analyst outlook. Pharmaceutical services provider McKesson …

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January 13 Market Close: GovCon Index, US Stocks Tumble 2% as Consumer Plunge Weighs on Markets

The GovCon Index failed to carry momentum from its Tuesday rebound and plummeted 2.671 percent to 72.284 Wednesday as steep losses in consumer stocks spurred a large-scale selloff in U.S. financial markets. The Index has declined 6.2 percent since the start of 2016 and is down 8.11 percent from its …

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