Home / Tag Archives: Stimulus

Tag Archives: Stimulus

February 16 Market Close: GovCon Index Moves Green on Huntington Ingalls 4Q Beat, US Stocks Pause Rally

Executive Mosaic’s GovCon Index closed at a new all-time high for a fourth consecutive session on strong fourth quarter earnings from Huntington Ingalls Industries (NYSE: HII) as the U.S. benchmark S&P 500 retreated Thursday after a five-day stretch of record closes. Both the GCI and U.S. equities had set continued record highs during those streaks on …

Read More »

December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

Read More »

October 20 Market Close: GovCon Index Shows Small Decline for 2nd Straight Day, Textron Jumps as HII & Primes Weigh

Executive Mosaic’s GovCon Index closed slightly down for a second consecutive session Thursday as notable gains by Textron (NYSE: TXT) after third quarter earnings and CACI International (NYSE: CACI) were offset by declines in Huntington Ingalls Industries (NYSE: HII) and other large prime contractors. GovCon Index laggers outnumbered advancers at a 3-to-1 ratio …

Read More »

January 21 Market Close: GovCon Index Enters Correction With 1% Decline, US Stocks Rise on Oil Gains

The GovCon Index suffered a loss of 1.324 percent to 70.492 Thursday driven by a plunge in Engility Holdings (NYSE: EGL) shares after the contractor issued fiscal year 2016 guidance that forecasts a sharp drop in earnings from 2015 outlook. Chantilly, Va.-based Engility’s 2016 guidance sees earnings of between $1.00 …

Read More »

News – Inside the Debate over More National Debt

Al Gordon provides insight into the debate surrounding the efficacy of stimulus spending. “Americans seem to like simple arguments with simple solutions. Case in point: Recent polls indicate increasing concern over and opposition to the nation’s growing debt, despite the fact that there has been very good reasons for the …

Read More »

Qwest Communicaitons to Pass on First Round of Broadband Stimulus Bidding

Qwest Communications International Inc. has stated that it will not offer any bids for the first round of a $7.2 billion rural broadband stimulus program through the American Recovery and Reinvestment Act.  The company is abstaining from the program, designed to expand the reach of high-speed Internet to remote areas,  because it says …

Read More »

ICF Wins $27 Million Rural Broadband Stimulus Contract

ICF International has announced the award of a new, multi-year contract valued at up to $27 million with the U.S. Department of Agriculture Rural Development, Rural Utilities Service.  Under the award, ICF will support the RUS Broadband Initiatives Program, a part of the American Recovery and Reinvestment Act of 2009. ICF will support …

Read More »