F1: COTA, Bottas Wins, Hamilton Clinches 6th World Championship

F1: COTA, Bottas Wins, Hamilton Clinches 6th World Championship

$RACE

Valtteri Bottas posts his 4th win of this season at the United States Grand Prix, his MercedesAMG teammate Lewis Hamilton came 2nd and claimed a 6th world title having fended off a late attack from Red Bull’s Max Verstappen.

Mr. Bottas had to win at the Circuit of The Americas aka COTA to keep his slim championship hopes alive. And while he drove a fantastic race from Pole position, Mr. Hamilton made a 1-stop strategy work to secure a 3rd consecutive drivers’ crown, and join Michael Schumacher as 1 of only 2 drivers to win as many as 6 F1 championship titles.

The late charge from Max Verstappen was not enough to put him in with a shot of victory, as he secured 3rd finishing just 0.854s off Mr. Hamilton.

Charles Leclerc finished 4th for Ferrari (NYSE:RACE), while Alex Albon in the 2nd Red Bull survived 1st lap contact with the McLaren of Carlos Sainz to 3-stop his way to 5th place.

An early scary moment for Sebastian Vettel saw him eliminated on Lap 8 of the race on a sudden suspension failure that turned his SF90 into a 3-wheeler for a few corners before he was forced to retire.

FORMULA 1 EMIRATES UNITED STATES GRAND PRIX 2019

Race results

POSITIONTIMEPOINTS
1  Valtteri BOTTAS MercedesAMG1:33:55.65325
2  Lewis HAMILTON MercedesAMG+4.148s18
3  Max VERSTAPPEN Red Bull Racing+5.002s15
4  Charles LECLERC Ferrari+52.239s13
5  Alexander ALBON Red Bull Racing+78.038s10

VIEW FULL RESULTS

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 Neutral to Bearish, overhead resistance is at N/A, and support at 155.30 as 3 of our 3 Key indicators have turned Very Bullish and the stock has established long term support.

Ferrari finished at 161.28, +1.26 Friday in NY.

Note: Goldman Sachs upgraded Ferrari to ‘buy‘ from ‘neutral ‘calling the stock’s pullback a good “entry point.” “We upgrade Ferrari from Neutral to Buy, offering 15% upside to our new price targets of 182. Our thesis, outlined in Life of Luxury published in September, is fundamentally unchanged post Ferrari’s in-line 2-Q results. We view the stock’s recent pullback since July 16 has provided good entry point in here.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame

Brazil is next…

Have a terrific week

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH