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Tech Five: Apple, tech stocks rebound

Brett Molina
USA TODAY

There is a lot more green on Wall Street Tuesday morning as technology stocks recover from Monday's early bloodbath. Let's look at five stocks to watch:

The Apple logo hangs on the Apple Store on Fifth Avenue on August 5, 2015 in New York City.

Apple. It has been an interesting 24 hours for the tech giant. Shares plunged below $100 off concerns with the Chinese economy and a huge plunge in the Shanghai composite index. That prompted Apple CEO Tim Cook to send a statement to CNBC that the company is enjoying "strong growth" in China. Meanwhile, CNBC reports Apple's stock was upgraded to "outperform" by Wells Fargo. Shares of Apple are up 5.7% in midday trading, part of a larger rebound that includes Facebook (up 6%) and Netflix (up 9.65%).

Alibaba. One of the biggest losers Monday was the e-commerce giant, along with fellow Chinese companies Baidu and China Mobile Limited. As of midday trading Tuesday, shares of Alibaba are up 6.4%, barely above the IPO price of $68.

Best Buy. Shares of the electronics giant surged 15% after topping earnings estimates by 15 cents for its second quarter results. Best Buy reported revenue of $8.52 billion with earnings of 49 cents a share, easily beating estimates of 34 cents.

Microsoft. A beta test of personal digital assistant Cortana is now available to all Android device owners. The app is only available in the U.S., but in a post announcing the jump to Android, Microsoft says more markets will be added soon.

Twitter. Users of the social network can now choose to receive notifications of Direct Messages through the web. The move follows Twitter's decision to expand the length of Direct Messages -- private tweets sent to other users -- beyond 140 characters.

Follow Brett Molina on Twitter: @brettmolina23.

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