Full race results at the Azerbaijan Grand Prix, Round 6 of the 2021 Formula 1 world championship.
The Azerbaijan Grand Prix returns to the F1 calendar following its cancellation last yr due to the coronavirus chaos, with Baku hosting the 6th round of the 2021 season.
|2021 F1 AZERBAIJAN GRAND PRIX – RACE RESULTS Top 10|
|1||Sergio Perez||MEX||Red Bull Racing||51 laps|
|2||Sebastian Vettel||GER||Aston Martin Cognizant Formula One Team||+1.385s|
|3||Pierre Gasly||FRA||Scuderia AlphaTauri Honda||+2.762s|
|4||Charles Leclerc||MON||Scuderia Ferrari Mission Winnow||+3.828s|
|5||Lando Norris||GBR||McLaren F1 Team||+4.754s|
|6||Fernando Alonso||ESP||Alpine F1 Team||+6.328s|
|7||Yuki Tsunoda||JPN||Scuderia AlphaTauri Honda||+6.624s|
|8||Carlos Sainz||ESP||Scuderia Ferrari Mission Winnow||+7.709s|
|9||Daniel Ricciardo||AUS||McLaren F1 Team||+8.874s|
|10||Kimi Raikkonen||FIN||Alfa Romeo Racing Orlen||+9.576s|
Ferrari is The Aristocrat of the automotive sector.
Our overall technical outlook is still Bullish, a Key indicators are Bullish long-term. Ferrari reported strong earnings for Q-3 on 3 November and did the same for Q-4 and F-Y 2020 as reported on 2 February.
Ferrari is trading at 216.88 within its 52 wk range of 127.73 – 233.66 Friday in NY. It’s all time high in NY was marked at 233.66 intraday on 29 December.
Key technical indicators are now Bullish to Very Bullish long term. The candlestick pattern indicates the confirmation of the break out at 196.01 on 3 November and confirmed.
The Key support is at 213.04 and the Key resistance is at 217.02. The 14 May DOJI candlestick augurs a move further North.
Note: At the beginning of Y 2020 I called RACE at 230 by year’s end, the stock was trading at 165.22 on 1 January 2020, on 29 December 2020 it marked 233.66 intraday, its all time high
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC, and Buys at Morgan Stanley and Bank of America.
UBS is now calling the stock at 365. Citi downgraded the stock from Neutral to sell. I have not seen any other Street downgrades.
Ferrari will continue to create value in the long term as it becomes the world’s 1st Super Luxury brand.
Ferrari is a quality 1st long term luxury products investment, BAML raised its call to 270 long term.
I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.
Ferrari has an average rating of Buy and a consensus target price at 231.99.
The Maranello Outfit’s shares were raised downgraded from Buy to Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top on the Street, and adjusting it to 250/share short term.
A number of large investors have recently bought shares of RACE, and there have been very few instances of insider selling over the past yr that we have seen. And Ferrari continues to buy back its stock in here.
The stock is considered defensive in the sector.
Have a healthy week, Keep the Faith!