F1: Pressure on Ferrari (NYSE:RACE) to be Fast This Season or…

F1: Pressure on Ferrari (NYSE:RACE) to be Fast This Season or…

F1: Pressure on Ferrari (NYSE:RACE) to be Fast This Season or…

$RACE

Ferrari (NYSE:RACE) is the 1st F1 team to launch its Y 2017 car, which it will reveal on Friday, 24 February at Barcelona, Spain.

Ever since Alberto Ascari won their 1st ever Grand Prix back in 1951, Ferrari has been synonymous with F1.

No constructor has come close to Ferrari’s 16 World Constructors’ Championship wins, Williams is 2nd on the list with 9.

The Scuderia won all but 2 titles between Y 1999 and 2008 dominating the sport.

However, not since Y 2008 has a Ferrari Team brought the trophy back to Maranello and it failed to win a race for the 2nd time in 2 years last season.

Ferrari has driver on the podium just 6 times in Y 2016.

MercedesAMG team drivers, Lewis Hamilton and Nico Rosberg have been dominating the sport much to Ferrari’s chagrin.

“It wasn’t very interesting,” said Sir Jackie Stewart of the Y 2016 season.

“Mercedes have made races boring,” said Bernie Ecclestone.

If 2 of the sport’s most senior and most revered figures are saying that, who knows what is going on with the fans of the iconic motor sport, and what they are saying.

Entertainment is a busy market now, and F1 racing needs Ferrari, its most recognizable team, challenging at the front of the grid.

Ferrari Team driver Sebastian Vettel used to be the man behind whom everyone was racing for 2nd place. Now he “dreams” of even on the top step of the podium.

Mr. Vettel has not won in 27 races, the longest slump of his career. It did not even take him 27 races to record his 1st win, which came in a Ferrari-powered Toro Rosso at Ferrari’s home track, Monza.

“We need to give a winning car (fast) to Sebastian and give him a more comfortable position to drive how he knows to do,” Ferrari’s Chairman Sergio Marchionne says.

Reports are in the air that MercedesAMG migh make a play for the 4X world champion once they have filled the place left by Nico Rosberg who retired after taking his championship last season.

It would be a move that could hurt Ferrari, who are expected to bring in one of their young drivers, such as Antonio Giovinazzi, to replace Kimi Raikkonen in Y 2018.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 58.14 30 December 2016 0.31 58.44 58.46 57.95 303,700
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Very Bullish (0.53) Bullish (0.34) Very Bullish (0.54) Very Bullish (0.71)

Looking for a terrific New Year on the Track from Ferrari.

Let the testing begin!

Stay tuned….

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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