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Tech Five: Shares of Amazon, LinkedIn climbing

Brett Molina
USA TODAY

Shares of Amazon and LinkedIn are moving higher following their quarterly results.

Amazon will start selling more private label grocery products.

Let's look at tech stocks to watch Friday:

Amazon. The cloud has been very good to the retailing giant. Amazon surprised Wall Street with strong earnings powered by its cloud businesses and North American retail sales. Last year, Amazon lost $57 million. This quarter, it reported profits of $513 million.

LinkedIn. A positive outlook and quarterly results that topped forecasts sent shares of the social network higher in morning trading. LinkedIn reported revenue of $861 million with earnings of 74 cents a share.

TiVo. Electronics company Rovi is acquiring the maker of digital video recorders for $1.1 billion. Combined, the two would form a tech company worth about $3 billion.

Pandora. Shares of the streaming music company surged after reporting a 29% bump in revenue for the first quarter. Pandora's advertising revenue also rose by 23%. Pandora reported a loss of 20 cents per share, topping estimates from S&P Global Market Intelligence of a loss of 31 cents.

Apple. Carl Icahn is no longer a fan of Apple stock. The investor says he sold all his Apple shares because of concerns about the company's standing in China. Icahn held shares worth $4.7 billion in value.

Follow Brett Molina on Twitter: @brettmolina23.

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