Category: Technology Evolution

SmileDirectClub Sues NBC for $2.8 Billion Over Alleged Errors and Defamation

 

By John Jannarone

Orthodontics disruptor SmileDirectClub, Inc. (ticker SDC) filed a $2.8 billion defamation suit against Comcast Corporation’s NBC Universal Media and reporter Vicky Nguyen, accusing the broadcast network and its journalists of deliberately using “inaccurate, misleading and defamatory claims” in a recent segment on Nightly News with Lester Holt.

On February 13, NBC aired a Nightly News report containing more than 40 false and misleading statements about SmileDirectClub and the treatments given to patients by doctors, the Company said in a lawsuit filed in Nashville, Tennessee. The lawsuit said that the defamatory report prompted a precipitous stock-price decline

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Why Is BlackRock (BLK) Up 11.9% Since Last Earnings Report?

It has been about a month since the last earnings report for BlackRock (BLK). Shares have added about 11.9% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is BlackRock due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important drivers.

BlackRock Q1 Earnings Miss Estimates as AUM Declines, Costs Rise

BlackRock’s first-quarter 2020 adjusted earnings of $6.60 per

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China’s No. 3 Stock Happens to Be in Trump’s Cross-Hairs

(Bloomberg) — One of China’s best-performing stocks so far in 2020 is a little-known server maker that last year abruptly joined the same U.S. blacklist that threatens Huawei Technologies Co.’s survival. Investors are betting that Beijing’s rapidly emerging plan to invest trillions in technology will outweigh the Trump administration’s curbs.

Dawning Information Industry Co. has soared 60% since the start of the year, making it the third-best performer year to date on the benchmark CSI 300 index of Shanghai and Shenzhen stocks. It’s now trading at about 56 times its projected 2020 earnings, above its average over the past three

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Is Etsy (ETSY) Outperforming Other Computer and Technology Stocks This Year?

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Etsy (ETSY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of ETSY and the rest of the Computer and Technology group’s stocks.

Etsy is one of 613 companies in the Computer and Technology group. The Computer and Technology group currently sits at

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Technology-Driven NASDAQ Composite Outshines Mostly Old-School Dow Jones Industrials

The major U.S. equity indexes closed higher last week, led by impressive performances in the energy and technology sectors. Crude oil posted its first back-to-back weekly gain since February, as evidence showed that U.S. oil companies are cutting production faster than expected and as signs of increased demand emerged with the lifting of coronavirus restrictions by some states.

In the cash market last week, the benchmark S&P 500 Index settled at 2929.80, up 99.09 or +3.50%. The blue chip Dow Jones Industrial Average finished at 24331.32, up 607.63 or +2.56% and the technology-based NASDAQ Composite closed at 9121.32, up 516.37

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