Biogen Leads 5 Top Biotech Stocks As Earnings Loom

With the market in a new confirmed rally, investors should pay close attention to leading stocks for new buying opportunities. Biogen Idec (BIIB) and other medical companies held up well during the correction and have been leaders this week. Biogen is one of ten pharmaceutical companies featured on today’s IBD Big Cap Screen of the Day. The screen features institutional-quality stocks that are highly liquid and have excellent fundamentals. The

Apple iPod: From here to obscurity

In just nine years, Apple’s iPod business has gone from 50% of the company’s revenue to less than 1%. Apple (AAPL) late Monday reported iPod revenue of $410 million in its fiscal fourth quarter ended Sept. 27. That’s just under 1% of the company’s total revenue of $42.12 billion in the period. By comparison, iPod sales accounted for 50.5% of the company’s revenue in the first quarter of fiscal 2006. Apple’s iPod helped revive the company’s fortunes after the return of co-founder Steve Jobs as CEO. Apple launched the innovative media player in November 2001. Starting with the current quarter, Apple will no longer report iPod unit sales. Instead, iPod sales will be lumped into a new catch-all category called “Other products.” The same category will include Apple TV, accessories such as Beats headphones and speakers, and the upcoming Apple Watch smartwatch. IPod unit sales dipped 24% year over year…

Tesla Stock Falls Late As Daimler Sells 4% Stake

Tesla Motors (TSLA) shares traded down after hours following news that Daimler AG had sold its 4% stake in the electric-car company. Earlier in the day, Michigan Gov. Rick Snyder signed a bill that strengthens a ban on Tesla selling cars to consumers directly. Shares of the company eased 0.9% after hours on the stock market today after closing up 2% in the regular session. Germany-based Daimler said in a release that it is terminat ing the

Yahoo Rides Mobile Gains To Q3 Beat; Sales Rise 1%

Struggling Internet company Yahoo, under pressure following a Q2 miss and an activist-investor revolt, late Tuesday posted Q3 earnings that beat expectations as the company saw more gains from its mobile business — even as display ad revenue continues to fall. Yahoo (YHOO) said that its Q3 sales — excluding so-called traffic acquisition costs (TAC), or payments to other websites to carry ads — rose 1% from the year-earlier quarter to $1.09

Verizon Talks Up M2M, Video Amid Slowing Growth

Wireless revenue growth has slowed at Verizon Communications, but its CFO says mobile video and M2M services will provide long-term upside once ongoing promotional battles lose steam. Fran Shammo, Verizon’s (VZ) CFO, disclosed the wireless firm’s machine-to-machine (M2M) revenue for the first time on its Q3 earnings conference call Tuesday, aiming to deflect analysts’ concern over slowing service revenue growth. Verizon’s wireless service revenue