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

1	United Kingdom Lewis Hamilton	Mercedes F1 W11 EQ Power+	MercedesAMG	Mercedes	71	1:22’50.683			25
2	Finland Valtteri Bottas	Mercedes F1 W11 EQ Power+	MercedesAMG	Mercedes	71	1:23’04.402	13.719		18
3	Netherlands Max Verstappen	Red Bull Racing-Honda RB16	Red Bull	Honda	71	1:23’24.381	33.698		15
4	Thailand Alex Albon	Red Bull Racing-Honda RB16	Red Bull	Honda	71	1:23’35.083	44.400		12
5	United Kingdom Lando Norris	McLaren-Renault MCL35	McLaren	Renault	71	1:23’52.153	1’01.470		10
6	Mexico Sergio Perez	Racing Point-BWT Mercedes RP20	Racing Point	Mercedes	71	1:23’53.070	1’02.387		8
7	Canada Lance Stroll	Racing Point-BWT Mercedes RP20	Racing Point	Mercedes	71	1:23’53.136	1’02.453		6
8	Australia Daniel Ricciardo	Renault R.S.20	Renault	Renault	71	1:23’53.274	1’02.591		4
9	Spain Carlos Sainz Jr.	McLaren-Renault MCL35	McLaren	Renault	70	1 lap			3
10	Russian Federation Daniil Kvyat	AlphaTauri-Honda AT01	AlphaTauri	Honda	70	1 lap			1
11	Finland Kimi Raikkonen	Alfa Romeo Racing-Ferrari C39	Alfa Romeo	Ferrari	70	1 lap
12	Denmark Kevin Magnussen	Haas-Ferrari VF-20	Haas	Ferrari	70	1 lap
13	France Romain Grosjean	Haas-Ferrari VF-20	Haas	Ferrari	70	1 lap
14	Italy Antonio Giovinazzi	Alfa Romeo Racing-Ferrari C39	Alfa Romeo	Ferrari	70	1 lap
15	France Pierre Gasly	AlphaTauri-Honda AT01	AlphaTauri	Honda	70	1 lap
16	United Kingdom George Russell	Williams-Mercedes FW43	Williams	Mercedes	69	2 laps
17	Canada Nicholas Latifi	Williams-Mercedes FW43	Williams	Mercedes	69	2 laps
	France Esteban Ocon	Renault R.S.20	Renault	Renault	25
	Monaco Charles Leclerc	Ferrari SF1000	Ferrari	Ferrari	4
	Germany Sebastian Vettel	Ferrari 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!