Amazon soars, Wells Fargo slumps despite positive earnings, and 21st Century Fox has gone to the apes

Yahoo Finance
July 11, 2014

It's time for your summer Friday, "get to the beach early," edition of Trending Tickers as measured by your Yahoo Finance ticker searches. Making the list today are:

Amazon (AMZN) - The online shopping behemoth is up more than four percent today on news from Channel Advsior that Amazon's same store sales were up 34.4% in June compared to 28.1% in May. As other retailers get taken out behind the woodshed, shoppers are clicking like crazy from the comfort of their beds and bathtubs and Amazon is reaping the benefits. Oh, and remember those Amazon drones everyone laughed at a few months ago? The company has reportedly asked the U.S. government for permission to test unmanned aircraft at speeds of about 50 miles per hour; perhaps delivering packages and taking a couple candid pics of your neighbors for good measure.

Wells Fargo (WFC) - The stock is down a percent today despite reporting earnings that were inline with analyst estimates and revenues that beat. The first big bank release of Q2 earnings season reported EPS of $1.01 a share on revenue of $21.1 billion. The reason the stock is down? For the first time since 2009 Wells Fargo failed to increase earnings quarter over quarter.

21st Century Fox (FOXA) - The diversified  entertainment spin-off division of Fox will attempt to save the American movie industry this weekend as "Dawn of the Planet of the Apes" hits theaters. The eighth edition of the Ape franchise is expected to take in $50 to $60 million this weekend. That would make it the one of the bigger releases of the summer. Apes is getting solid reviews, especially by the standards of derivative franchise films like current box office champ the Transformers. U.S. box office revenues are off substantially year to date; making this chilling tale of a dystopian world where man is ruled by simian overlords the industry's last, best hope for a decent summer.

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