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Greg Mckenna

Greg Mckenna

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Boeing stock sags despite Fed rally, company furloughs workers amid strike

Boeing may prevent its debt being downgraded to junk by issuing more stock, which would deal another blow to current shareholders.

07.01.2025 1

Fortune

Greg Mckenna

These 3 stocks are soaring as the U.S. rushes to patch its electrical grid

Much of the grid was built over 50 years ago, and AI data centers are just one reason energy demand has skyrocketed.

27.12.2024 6

Fortune

Greg Mckenna

Heading into 2025, 68% of CFOs are optimistic about the economy—but worries remain about a massive equity selloff

Finance chiefs are feeling optimistic, but a corner of the derivatives market—known colloquially as “crash protection”—may be telling a...

27.12.2024 7

Fortune

Greg Mckenna

Analysts expect the usual ‘Santa Claus rally’—but watch out if it fails to come

The second half of December is typically the second-strongest period of the year for U.S. equities, according to Bank of America.

23.12.2024 2

Fortune

Greg Mckenna

Texas billionaires made a $200 million bet on a college football ‘laughingstock.’ It’s paying off with a championship run

The support of the deep-pocketed donors has quickly launched the program from mediocrity to national relevance.

19.12.2024 10

Fortune

Greg Mckenna

Canadian dollar slumps as Trudeau’s government teeters on collapse

The Loonie traded at its weakest intraday level since the start of the pandemic a day after Canada's finance minister resigned.

17.12.2024 2

Fortune

Greg Mckenna

Broadcom is now a $1 trillion company as stock surges 20% on AI boom

Broadcom's AI revenue grew 220% to $12.2 billion this past quarter, pushing semiconductor revenue to a record $30.1 billion.

13.12.2024 3

Fortune

Greg Mckenna

Tesla stock hits record high as Trump-fueled rally rolls on

Shares in the electric vehicle giant have risen roughly 70% since Trump’s victory on Nov. 5 and nearly tripled since late April.

12.12.2024 8

Fortune

Greg Mckenna

We just got closer to 24-hour stock trading. Is that a good thing?

Making moves in extended trading hours comes with increased risks that equity investors need to understand.

11.12.2024 1

Fortune

Greg Mckenna

Elon Musk and Google’s CEO want to cover the desert with solar panels. Will Donald Trump agree?

Multiple asset managers told Fortune they remain optimistic about the solar industry's prospects under Trump.

11.12.2024 6

Fortune

Greg Mckenna

Trump warns John Deere of ‘200% tariff’ but market shrugs off the threat

John Deere announced earlier this year that it would lay off over 800 workers across factories in Illinois and Iowa.

10.12.2024 3

Fortune

Greg Mckenna

Tesla stock keeps soaring as Bank of America raises price target

Analysts have an unusual challenge in assessing how CEO Elon Musk’s relationship with President-elect Donald Trump will impact Tesla.

09.12.2024 4

Fortune

Greg Mckenna

Major retailers vie for piece of holiday spending boom as gulf between industry’s winners and losers widens

Abercrombie & Fitch, Dick’s Sporting Goods, and Urban Outfitters are among those projecting optimism about sales to close the year.

04.12.2024 5

Fortune

Greg Mckenna

Intel’s CEO had big plans for a turnaround. It failed and now he’s gone

The company has missed out on the AI boom, and shares plunged more than 60% during Gelsinger’s tenure.

02.12.2024 2

Fortune

Greg Mckenna

Want to cut government waste? Start with the penny says U.S. Senator to Musk

Countries like Canada and Australia have stopped producing one-cent coins for more than a decade. Sweden was a first mover in 1972.

27.11.2024 3

Fortune

Greg Mckenna

AI boom drives shares of sleepy Texas land firm up 200%

Texas Pacific Land Corp. owns nearly 900,000 acres in energy-rich West Texas, an area greater in size than Yosemite National Park.

26.11.2024 3

Fortune

Greg Mckenna

Google stock hammered after DOJ calls for Chrome sale

In September, U.S. District Judge Amit Mehta ruled Google had illegally monopolized the search market.

22.11.2024 2

Fortune

Greg Mckenna

Nvidia CEO waves off Blackwell production concerns, says demand is ‘staggering’

Huang brushed aside reported engineering snags with the new GPU offering and said the platform's Q4 sales should exceed prior estimates.

21.11.2024 2

Fortune

Greg Mckenna

Nvidia’s Jensen Huang pledges to ‘comply fully’ with Trump trade policies as uncertainty looms over chip industry

Despite Trump's tough-on-China stance, previous comments casting doubt on America’s commitment to help Taiwan defend itself against a potential...

21.11.2024 5

Fortune

Greg Mckenna

Wall Street avoids Nvidia sell-off after blowout earnings call

Last quarter, a modest revenue and earnings beat was not enough to prevent a massive sell-the-news event, but that didn't happen this time.

21.11.2024 6

Fortune

Greg Mckenna

Cava—the ‘Mediterranean Chipotle’—is one of Wall Street’s hottest stocks. Here’s why

Cava is leading 2024's fast-casual boom, with the stock dramatically outperforming the market along with salad chain Sweetgreen.

20.11.2024 3

Fortune

Greg Mckenna

Nvidia analyst predicts ‘jaw dropper’ Q3 earnings—others on Wall Street are not so sure

Multiple analysts said Wednesday’s call could prove to be a “sell the news” event, just like last quarter.

19.11.2024 2

Fortune

Greg Mckenna

Trump offers FCC chair to Big Tech critic who wrote part of ‘Project 2025’ and called Democrat decision not to contract Starlink ‘regulatory lawfare’

"Facebook, Google, Apple, Microsoft & others have played central roles in the censorship cartel," he posted, adding that it "must be dismantled."

18.11.2024 9

Fortune

Greg Mckenna

The ‘Trump bump’ is fading—but consumers may push the stock market even higher

While economic discontent helped Trump return to the White House, there are signs general sentiment is improving.

18.11.2024 20

Fortune

Greg Mckenna

Warren Buffett dumped Bank of America, but the stock may boom under Trump

Bank stocks surged broadly on Trump's win, with investors anticipating deregulation and pent-up M&A demand to be unlocked.

15.11.2024 2

Fortune

Greg Mckenna

Warren Buffett is fearful—or just waiting. Why the Oracle of Omaha is sitting on his cash hoard

Even as corporate valuations soar, Berkshire Hathaway has assembled a record $325 billion pile of cash and equivalents.

12.11.2024 1

Fortune

Greg Mckenna

Trump rally takes Tesla above $350, bulls tout firm’s AI promise

Wedbush Securities’ Dan Ives believes a second Trump administration is a massive boost for Tesla's "full self-driving" software.

11.11.2024 20

Fortune

Greg Mckenna

Clean energy stocks tanked on Trump’s win. Should you buy the dip?

While many view Trump as a scourge for renewables, some analysts believe the market has overreacted — creating potential opportunities.

08.11.2024 10

Fortune

Greg Mckenna

Stocks to buy—and sell—now that Trump has won the election

Investors appear to still view Trump as positive for banks and fossil fuel companies but a scourge for sectors like renewables.

06.11.2024 3

Fortune

Greg Mckenna

Warren Buffett skipped endorsing a presidential candidate this election as many CEOs retreat from politics

Buffett has a history of backing Democrats, but he's now determined to avoid the political limelight.

05.11.2024 1

Fortune

Greg Mckenna

5 stocks to buy if Harris wins the election—and 5 to sell

Harris and Trump differ starkly when it comes to renewable energy, but the election could also impact other sectors.

02.11.2024 2

Fortune

Greg Mckenna

5 stocks to buy if Trump wins—and 5 to sell

Trump has traditionally been viewed as great news for banks and fossil fuel companies but a scourge for sectors like renewables.

02.11.2024 2

Fortune

Greg Mckenna

Over 25% of Google’s code is now written by AI—and CEO Sundar Pichai says it’s just the start

Demand for AI offerings from Alphabet's cloud business helped drive an impressive revenue and earnings beat.

30.10.2024 1

Fortune

Greg Mckenna

The stock market points to a win for Kamala Harris—unless it’s 1968 or 1980 all over again

Hubert Humphrey and Jimmy Carter are the only post-WWII candidates from an incumbent party to lose despite a pre-election market surge.

30.10.2024 2

Fortune

Greg Mckenna

Boeing plans $19 billion share sale to prevent credit downgrade as strike grinds on

The new offering is another blow to the company’s long-suffering shareholders, who will see the value of their holdings diluted.

28.10.2024 3

Fortune

Greg Mckenna

There’s an accountant shortage. KPMG says the ‘150-hour rule’ needs to go

Educators often claim that accounting firms don’t pay enough to attract talent lured by lucrative salaries in other areas of business.

28.10.2024 3

Fortune

Greg Mckenna

Apple and Goldman Sachs fined $89 million over Apple Card missteps

The penalties mark another low point for Goldman’s ill-fated foray into consumer banking and products.

23.10.2024 1

Fortune

Greg Mckenna

Spirit Airlines shares surge 35% on news of possible merger with Frontier

The company finds itself on the brink of bankruptcy after a failed merger with JetBlue and posting losses in 11 straight quarters.

23.10.2024 6

Fortune

Greg Mckenna

Tesla is having a rough year—this week’s earnings may provide more of the same

The lack of clarity about the company’s short-term strategy may be weighing on the stock, which is down 13% this year.

22.10.2024 9

Fortune

Greg Mckenna

Trump tax plan would see Social Security benefits cut by 1/3, watchdog says

The Committee for a Responsible Federal Budget said Trump's plans would eventually slash payments to retirees by one-third.

22.10.2024 90

Fortune

Greg Mckenna

Gold soars to record high on Middle East jitters, U.S. election

Up roughly 30% in the past year, the metal has attracted a growing chorus of experts who believe its rise will continue long-term.

21.10.2024 7

Fortune

Greg Mckenna

Netflix shares jump 11% on blowout earnings, studio touts return of Squid Game

Shares are now up over 60% this year after soaring to a new all-time high on Friday, rising above the $760 mark.

18.10.2024 1

Fortune

Greg Mckenna

Tesla moves $765 million in Bitcoin to unknown wallets, putting Musk’s crypto plans in the spotlight

It’s unclear whether the EV maker and fourth-biggest holder of Bitcoin among U.S public companies has plans to sell.

16.10.2024 3

Fortune

Greg Mckenna

Boeing looks to issue new stock as part of $35 billion liquidity plan

The company could issue $25 billion in shares or debt and also revealed a new $10 billion credit agreement with major lenders.

15.10.2024 4

Fortune

Greg Mckenna

Trump wants to pin inflation on Harris. Most economists say prices will rise faster under him

For economists wary about prices under a Trump presidency, the Republican’s nominee’s tariff plans loom large.

14.10.2024 9

Fortune

Greg Mckenna

Elon Musk’s robotaxi event proves a flop, driving Tesla shares down 7%

Rather than riding the stock’s recent momentum, the robotaxi unveiling proved to be the “sell the news” event some analysts predicted.

11.10.2024 2

Fortune

Greg Mckenna

Delta shares bounce back after airline reveals $380 million hit from CrowdStrike outage

Delta struggled to recover from the massive IT outage in July after a failed software update from cybersecurity company CrowdStrike.

10.10.2024 2

Fortune

Greg Mckenna

China lifts ban on Australian lobsters—the last piece of its costly multi-year trade war

Beijing has banned or slapped retaliatory tariffs on almost $15 billion worth of Australian exports, from wine to timber, during years of soured...

10.10.2024 2

Fortune

Greg Mckenna

CFOs are worried about geopolitics—but fear is higher in Europe than in the U.S. and Asia

Of over 1,300 European CFOs polled by Deloitte, only 2% said they didn’t expect their businesses to be impacted by geopolitics.

10.10.2024 30

Fortune

Greg Mckenna

Tesla’s big robotaxi reveal: will it be more style or substance?

Tesla bulls believe Thursday marks a seminal moment in the company's history as not just an EV maker, but also an AI behemoth.

10.10.2024 20

Fortune

Greg Mckenna

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