Four Stocks Are Getting Smashed Today

the hulk

Photo: Marvel screengrab

The DOW and S&P 500 are down slightly, at 0.25% and 0.03% respectively. The Nasdaq is slightly up for the day at +0.03%.
Losers:

cognisant Technology Solutions (CTSH) Down 17.8% — The software provider offered mixed second-quarter guidance after posting earnings above estimates and revenues equal to expectations, but has gotten smothered so far today.

Frontier Communications Corporation (FTR): Down 5.7% — Both revenues and earnings were down from last year, and after the big miss the communications company has been smashed this morning.

American International Group (AIG): Down 5.0% —The U.S. government agreed to sell $5 billion of the insurance company’s stock at $30.50, which was less than Friday’s closing price of $32.83. Due to the government’s sale of AIG stock, investors have sold off to the tune of a 5% drop.

Genworth Financial Inc. (GNW): Down 3.6% — Along with AIG’s tumble, other insurance companies are sliding as well. Genworth has fallen as much as 4.48% today, and is currently down 3.6%

  Winners:

Tyson Foods Inc. (TSN): Up 3.6% Tyson Foods posted higher than expected earnings and is one of the few stocks doing very well today, up over 3% on the day.

NVIDIA Corporation (NVDA): Up 3.6% Nomura upgraded NVIDIA to buy, and stated that they expect NVIDIA to beat the consensus when the report their fiscal Q1 results on Friday.

Don’t Miss The 37 Stocks You Should Buy Right Now According To Deutsche Bank >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

moneygame-us stocks