This year will see launch of what is probably the most exciting and important Ferrari in years. Even for an automaker that has repeatedly pushed the industry forward, the new SF90 Stradale is a journey into uncharted territory.
Not only is the car the Maranello Outfit’s 1st plug-in hybrid, it is also its most powerful car yet. Powered by a combination of a 4.0-liter V8 combustion engine and 3 electric motors, the car puts out 986 horsepower, and can go from 0-to-60mph in just 2.5 secs and has a Top speed of 211 mph.
Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.
HeffX-LTN overall technical outlook for RACE is Bullish to Very Bullish, there is light resistance at 176.24, and Key support is solid at 171.84, 3 of our Key indicators are Very Bullish, and the stock has established strong long term support ahead of this coming breakout North.
Ferrari finished at 172.48, +0.22 Friday in NY.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have call it at it at 200+/share long term, adjusting it to 200/share short term and siding with BAML to 230 long term for now.
Have a terrific weekend