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Tech stocks heating up in July

Brett Molina
USA TODAY

Just in time for summer: technology stocks are about to heat up.

A building on the Microsoft Headquarters campus is pictured July 17, 2014, in Redmond, Wash.

Several big names report quarterly earnings in July, leading to some potential volatility on Wall Street. Let's break down five key names to track this month:

Apple. We have lots of questions for the tech giant. How receptive have iPhone users been to the free trial of Apple Music? How popular is the Apple Watch, launched earlier this year? Has the iPad finally halted its sales slump? The company reports third-quarter results on July 21. Last quarter, the iPhone powered sales at Apple, generating $58 billion in revenue, a 27% bump from the same time last year.

Microsoft. A recent report from Computerworld claims the company is planning to announce a massive write-off tied to its $7 billion acquisition of Nokia's handset business. Microsoft reports fourth-quarter earnings on July 21.

Netflix. The streaming giant reports second-quarter earnings on July 15 as its stock enjoys one of the best runs in tech this year. Netflix shares closed at $348.94 on January 2. The company's stock has since surged 87% to the $655 mark.

Facebook. The social network missed on revenue estimates for the first quarter, as it ramped up spending. Will the trend continue for its second quarter report this month? Also worth watching: Facebook's continued rise in mobile audience. During the last quarter, Facebook boasted 798 million daily active mobile users in March, up 31%.

Yahoo. The media company looks to avoid another huge miss after falling short on earnings and revenue during the last quarter. Yahoo is projected to report $1 billion in revenue with earnings of 18 cents a share.

Follow Brett Molina on Twitter: @brettmolina23.

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