F1: Both Ferraris Crashout of the PIRELLI GROSSER PREIS DER STEIERMARK 2020 Early Sunday in Austria

F1: Both Ferraris Crashout  of the PIRELLI GROSSER PREIS DER STEIERMARK 2020 Early Sunday in Austria

#F1 #Ferrari #Styrian #GrandPrix #crashout #Vettel #Leclerc #Austria

$RACE

Both Ferraris collided at Turn 3 causing an immediate safety car to allow the Marshals to clear the track of debris.

Sebastian Vettel drove into the pits with no rear wing, while Charles Leclerc who initiated the contact by lunging up the inside needed a fresh front wing.

Mr. Vettel’s car was retired immediately, while a sorrowful Mr. Leclerc continued with floor damage, he retired 2 laps on.

The Highlights

F1 Styrian Grand Prix race results

1United Kingdom Lewis HamiltonMercedes F1 W11 EQ Power+MercedesAMGMercedes711:22’50.68325
2Finland Valtteri BottasMercedes F1 W11 EQ Power+MercedesAMGMercedes711:23’04.40213.71918
3Netherlands Max VerstappenRed Bull Racing-Honda RB16Red BullHonda711:23’24.38133.69815
4Thailand Alex AlbonRed Bull Racing-Honda RB16Red BullHonda711:23’35.08344.40012
5United Kingdom Lando NorrisMcLaren-Renault MCL35McLarenRenault711:23’52.1531’01.47010
6Mexico Sergio PerezRacing Point-BWT Mercedes RP20Racing PointMercedes711:23’53.0701’02.3878
7Canada Lance StrollRacing Point-BWT Mercedes RP20Racing PointMercedes711:23’53.1361’02.4536
8Australia Daniel RicciardoRenault R.S.20RenaultRenault711:23’53.2741’02.5914
9Spain Carlos Sainz Jr.McLaren-Renault MCL35McLarenRenault701 lap3
10Russian Federation Daniil KvyatAlphaTauri-Honda AT01AlphaTauriHonda701 lap1
11Finland Kimi RaikkonenAlfa Romeo Racing-Ferrari C39Alfa RomeoFerrari701 lap
12Denmark Kevin MagnussenHaas-Ferrari VF-20HaasFerrari701 lap
13France Romain GrosjeanHaas-Ferrari VF-20HaasFerrari701 lap
14Italy Antonio GiovinazziAlfa Romeo Racing-Ferrari C39Alfa RomeoFerrari701 lap
15France Pierre GaslyAlphaTauri-Honda AT01AlphaTauriHonda701 lap
16United Kingdom George RussellWilliams-Mercedes FW43WilliamsMercedes692 laps
17Canada Nicholas LatifiWilliams-Mercedes FW43WilliamsMercedes692 laps
France Esteban OconRenault R.S.20RenaultRenault25
Monaco Charles LeclercFerrari SF1000FerrariFerrari4
Germany Sebastian VettelFerrari SF1000

Ferrari is The Aristocrat of the automotive sector.

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 overall Very Bullish, the resistance is Nil, and Strong Support is at 175.52.

Our overall technical outlook is Bullish in here, as all Key indicators are Very Bullish.

Ferrari (NYSE:RACE) finished Friday at 179.0, +1.44 in NY, just shy of its intra-day all time highs at 180.36 marked on 19 February 2020.

The Maranello Outfit’s shares were raised to Buy from 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 have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.

Have a healthy week, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.