Fiat Chrysler (NYSE:FCAU) a Golden Opportunity, Like Ferrari (NYSE:RACE)

Fiat Chrysler (NYSE:FCAU) a Golden Opportunity, Like Ferrari (NYSE:RACE)

Fiat Chrysler (NYSE:FCAU) a Golden Opportunity, Like Ferrari (NYSE:RACE)


Ferrari (NYSE:RACE) and Fiat-Chrysler (NYSE:FCAU) the top performers in the automotive sector.

Investors have been well-served by being long Fiat Chrysler (NYSE:FCAU). The stock price is up 116% over the past year.

They have also been well-served by being long the divestment’s made by CEO Sergio Marchionne as he focuses on core competencies.

Fiat Chrysler stock continued to rise on the week, finishing at 16.25/share, marking its 4th week of upward movement

It finished the week ended 1 September with a solid 6.8% gainer, marking its 3 week of upward movement.

In the prior week, it also traded on a positive note and rose 18.1%.

Overall, Fiat Chrysler stock has risen about 27%, its largest gain since its listing on the New York Stock Exchange in October 2014.

Last month, a report by Automotive News suggests that a Chinese automaker was interested in acquiring Fiat Chrysler and had made some offers that were rejected.

According to a 21 August report, Chinese auto giant Great Wall Motor has confirmed its interest in acquiring some of Fiat Chrysler’s business segments.

Although these news reports were not officially confirmed by Fiat Chrysler, they may be why Fiat Chrysler stock has rallied in the last 4 weeks.

A 2 September report stated that Fiat Chrysler CEO Sergio Marchionne has confirmed that the company has not received offers.

In the last few Quarters, Fiat Chrysler’s profitability and debt position have improved consistently.

HeffX-LTN has set a 34.78 price target on Fiat Chrysler Automobiles. ‘Goldie’ (NYSE:GS) has a Buy rating on the stock with a price target of 30.83/share in here.

Symbol Last Trade Date Change Open High Low Volume
NYSE:FCAU 16.25 8 September 2017 -0.13 16.35 16.36 16.21 2,896,943
HeffX-LTN Analysis for FCAU: Overall Short Intermediate Long
Very Bullish (0.58) Bullish (0.43) Very Bullish (0.66) Very Bullish (0.67)

Ferrari (NYSE:RACE) is up 133% over the past year.

Ferrari designs, engineers, produces, and sells luxury performance sports cars, has gained 120% + since July 2016. The company has an HeffX-LTN Momentum Indicator of A+.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 109.36 8 September 2017 0.77 110.45 110.54 108.96 1,232,252
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.30) Neutral (0.15) Neutral (0.16) Very Bullish (0.58)

Have a terrific weekend.


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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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