The oversupply of oil continues to weigh on prices. Crude is trading below $40 a barrel today as demand isn’t strong enough to work through the sheer amount of oil sloshing around. Some analysts believe oil will head toward $35 a barrel. Falling oil prices is worrisome as some had counted on higher prices boosting earnings for companies the rest of this year. Qorvo reported better than expected results. The wireless chip maker is lower though, as the stock has seen big gains recently. The CEO of Qorvo says the company is the number 1 or 2 player in the majority of its growth markets. Fitbit
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