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Tag Archives: TXT

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 …

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Textron 3Q Earnings Miss, Revenue Up 2% on Biz Jet Deliveries

Textron (NYSE: TXT) reported third quarter earnings below Wall Street’s expectation Thursday on restructuring costs and lower commercial deliveries in its Bell Helicopter segment. GovCon Index-S&P 500 company Textron reported $0.61 earnings per share versus the $0.67 analyst consensus with third quarter EPS excluding a $0.76 benefit from settlements of Internal Revenue Service audits and the $0.27-after tax restructuring …

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October 17 Market Close: GovCon Index Shows Little Change as Energy & Consumer Declines Weigh on US Markets

Executive Mosaic’s GovCon Index posted little change for a second consecutive session Monday on mixed results among its large-cap companies as U.S. stocks closed mostly lower due to a sell-off in consumer and energy sector shares that coincided with a decline in crude oil prices. GovCon Index laggers outnumbered advancers and four of …

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October 11 Market Close: GovCon Index Plummets 1%, Earnings & Inflation Worries Loom Over Markets

Executive Mosaic’s GovCon Index plunged 1 percent Tuesday to post its worst one-day performance in two months with all 30 companies in red at the close as U.S. financial markets entered sell-off mode on investor worries over dim third quarter corporate earnings and the fast pace of inflation. Six of the GovCon Index’s …

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October 7 Market Close: GovCon Index Plunges 1%, Falls Below 80 on Honeywell Earnings Guidance Miss

Executive Mosaic’s GovCon Index registered its second loss of at least 1 percent in six sessions Friday to register its second consecutive weekly decline on Honeywell International‘s (NYSE: HON) largest one-day plunge in 15 months on an earnings guidance miss and other falls by mid-tier contractors. Friday’s sharp decline puts the GCI at …

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October 4 Market Close: GovCon Index Falls on Defense Prime Declines, Strong Dollar and IMF Forecast Weigh on Markets

Executive Mosaic’s GovCon Index declined Tuesday with major defense primes and large services companies the major contributors to its losses as U.S. stocks also tumbled on a stronger dollar and a muted global outlook from the International Monetary Fund. GovCon Index gainers outnumbered laggers by a 2-to-1 ratio, McKesson Corp. (NYSE: MCK) was …

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September 28 Market Close: GovCon Index, US Stocks Move Green in PM Trade on Oil Supply Cut Reports

Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 companies …

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August 30 Market Close: GovCon Index Drops, Lockheed & Primes Lead Losses on Low Volume Day

Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losses …

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August 29 Morning Report: GovCon Index Posts Friday, Weekly Loss on Federal Reserve’s Rate Hike Outlook

Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price stability has strengthened the case for another interest rate hike potentially next …

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August 15 Market Close: GovCon Index Hits Record Close Again as Defense Primes Rise

Executive Mosaic’s GovCon Index closed at another all-time high Monday with 28 out of 30 companies including all 11 S&P 500-listed stocks in green and middle- to large-tier defense contractors as the session’s top advancers. L-3 Communications (NYSE: LLL) led all net gainers after the military technology maker was selected by Drexel Hamilton …

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