On today's episode of Free Lunch, Associate Stock Strategist Ryan McQueeney highlights the major headlines coming out of Tesla's TSLA annual shareholder meeting-including an update on Model 3 production-and announcements made by AMD AMD at the Computex conference. Ryan is also joined by Brian Hamilton, editor of the Income Investor portfolio service, to chat about macroeconomic data.
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Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more.
Tesla shares opened higher on Wednesday after Elon Musk said his company is likely to hit its weekly production goal of 5,000 Model 3 cars by the end of the month. This updated outlook followed two separate votes intended to shake up Tesla's board, including one that would have separated the CEO and chairman positions-which Musk holds both of right now. These proposals ultimately failed.
Ryan touches on why some shareholders were frustrated with Musk and why it is good news that the company is finally reaching its production targets.
Also making headlines this morning were the announcements AMD made at Computex, a massive information and communications technology and IoT show. AMD fired back at rival Intel INTC with its own high-end chip and promised gamers new GPUs on a yearly basis. Ryan touches on everything investors need to know.
On the second half of today's show, Ryan chats with Brian Hamilton about the latest major macroeconomic data, including Friday's strong jobs report and recent manufacturing and production figures. Brian runs through all of the most important information and reminds investors why they need to keep a close eye on this data.
Check out the show to hear more!
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