Crude Oil Down 3%; Kroger Shares Gain After Upbeat Q2 Earnings
U.S. stocks rose Friday, led by Nasdaq +0.97%; Kroger beat estimates. Oil fell 2.7%, consumer sentiment weakened, and Asian markets declined.
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Qorvo, Skyworks and Frequency Electronics show overbought momentum, with RSIs of 84.9, 84 and 70.7 after sharp recent gains.
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U.S. stocks rose Friday, led by Nasdaq +0.97%; Kroger beat estimates. Oil fell 2.7%, consumer sentiment weakened, and Asian markets declined.
Gainers Frequency Electronics (NASDAQ:FEIM) shares rose 34.1% to $83.2 during Friday's regular session. The company's market cap stands at $693.6 million. As per the news, the Q1 earnings report came out
Skyworks Solutions stock is up 28% over the past 5 days and on-track to become the S&P 500 best weekly performer.
Skyworks Solutions completed its exchange offers for Qorvo's senior notes, with 91.70% of the 2029 notes ($779.4M) and 92.44% of the 2031 notes ($647.1M) tendered. The company expects to issue new Skyworks notes on October 7, 2026, as part of its merger with Qorvo, which is expected to generate $500 million or more in annual cost synergies.
Filed: 2026-10-05 AccNo: 0000950103-26-015180 Size: 311 KB Item 1.02: Termination of a Material Definitive Agreement Item 2.01: Completion of Acquisition or Disposition of Assets Item 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Item 3.03: Material Modifications to Rights of Security Holders Item 5.01: Changes in Control of Registrant Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers Item 5.03: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Item 9.01: Financial Statements and Exhibits
Skyworks Solutions has extended the expiration date of its exchange offers for Qorvo's senior notes from September 25, 2026 to October 2, 2026. As of the previous deadline, 91.68% of the 2029 notes ($779.25M of $850M) and 93.33% of the 2031 notes ($653.33M of $700M) have been validly tendered. The exchange is contingent on closing of the planned merger between Skyworks and Qorvo, which the company hopes to complete within the calendar year.