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%.
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%
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.