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Tag Archives: Vectrus

March 28 Morning Report: CAE Joins GovCon Index; Thursday Trading Ends With Decline

Executive Mosaic will replace Health Net with aerospace and defense firm CAE (NYSE: CAE) in the GovCon Index effective Monday following the health insurer’s acquisition by Centene (NYSE: CNC). CAE closed Thursday at $11.32 per share and a market capitalization of $3.1 billion. GCI closed Thursday with a 0.412-point drop to 74.640, ending the …

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March 24 Market Close: GovCon Index Lags to Snap 5-Week Gain Streak, CAE to Join GCI Monday

The GovCon Index lagged for a third consecutive trading session Thursday to end at a decline of 0.412 points to 74.640 on the week’s final day of trade as U.S. financial markets are closed on Good Friday. Thursday’s close puts the Index at a decline of 1.207 percent on a weekly basis to end the GCI’s streak …

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March 21 Morning Report: GovCon Index Closes With Gain for 3rd Straight Day

The GovCon Index closed Friday with a gain of 1.417 percent to 75.314. With Friday’s performance, the Index is on its third consecutive day in positive territory. Top GovCon Index Gainers Symbol Company $ Current Price Net Change % Change I Intelsat 2.60 0.12 +4.84% MCK McKesson Corp.* 158.31 6.62 +4.36% VEC Vectrus Inc. …

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March 18 Market Close: GovCon Index Ends Week With a Three Day Positive Streak

The GovCon Index continued it positive trend for the third consecutive day closing up 1.417% to 75.314. According to Bloomberg, the Dow and S&P 500 closed Friday in positive territory for 2016. Strong performance from emerging market stocks, and oil prices helped prop up stock prices. Top GovCon Index Gainers Symbol …

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March 16 Market Close: GovCon Index Accelerates in PM After Fed Cuts Rate Hike Path; Vectrus Top GCI Gainer

The GovCon Index turned upward in the last two hours of trade Wednesday after the Federal Reserve announced it would baseline interest rates unchanged and closed at a gain of 0.599 points to 73.987. Index stock Vectrus (NYSE: VEC) led all gainers at 9.44 percent after the information technology and communications contractor posted earnings …

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Vectrus 2016 Guidance Mixed Versus Street Estimates; 2015 & 4Q Earnings Top Analyst Forecasts

Vectrus (NYSE: VEC) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has issued earnings and revenue guidance for 2016 with the midpoint outlooks respectively below and level the consensus Wall Street forecast on continued declines in sales for programs based in Afghanistan. The Colorado Springs-based information technology …

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March 15 Market Close: GovCon Index Posts Loss, US Markets Hedge Ahead of Fed Statement

The GovCon Index traded in negative territory throughout the session Tuesday and closed at a decline of 0.355 points to 73.388 as U.S. stocks also held marginally downward ahead of the scheduled Wednesday afternoon statement from Federal Reserve policymakers when their two-day meeting concludes. Index stock Vectrus (NYSE: VEC), a Colorado Springs-based government technology …

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March 9 Market Close: GovCon Index Bounces Back From AM Dip, Crude Rises as Traders Await Euro Bank Decision

The GovCon Index recovered from a brief morning dip into a decline Tuesday and closed at a gain of 0.443 points to 73.042 as U.S. stocks rose in tandem with crude oil prices in New York and investors awaited a decision from Europe’s central bank on additional stimulus. Crude futures …

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February 25 Market Close: GovCon Index, US Stocks Advance on Durable Good Orders Data

The GovCon Index held strong from a choppy morning session Thursday and ended at a gain of 1.134 percent to 72.570, which brings the Index out of correction territory after a one-day re-entry at the previous session’s close. The Index was in correction, or 10 percent down from its most recent high, for 13 days …

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February 23 Market Close: GovCon Index Falls, Oil Decline & Consumer Index Miss Weigh on US Stocks

The GovCon Index failed to carry over momentum from Monday’s sharp gain and posted a decline of 0.417 points to 71.815 Tuesday as U.S. stocks also suffered losses driven by another decline in oil prices and a new Consumer Confidence Index reading that fell below economists’ expectations. Intelsat (NYSE: I) posted a second …

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