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F1: Inaugural Qatar Grand Prix Results

#F1 #Ferrari #chassis #Leclerc #Qatar #GP

$RACE

Lewis Hamilton won the Qatar Grand Prix at Losail International Circuit Sunday for MercedesAMG to beat title rival Max Verstappen of Red Bull Racing.

FERRARI (Carlos Sainz 7, Charles Leclerc 8)

Mr. Sainz started 5th after penalties for Messsrs Bottas and Verstappen and did a 1 stop strategy. Both Ferrari drivers had to do a lot of tire management. Mr. Leclerc started with a new chassis in 13th place. Ferrari double-stacked the drivers at the pitstop. They now lead McLaren by 39.5 pts.

Results Final

PosDriverTimePts
1L. HamiltonMercedes·#441:24:28.47125
2M. VerstappenRed Bull·#33+25.743s19
3F. AlonsoAlpine·#14+59.457s15
4S. PérezRed Bull·#11+62.306s12
5E. OconAlpine·#31+80.570s10
6L. StrollAston Martin·#18+81.274s8
7C. Sainz Jr.Ferrari·#55+81.911s6
8C. LeclercFerrari·#16+83.126s4
9L. NorrisMcLaren·#4+1 Lap2
10S. VettelAston Martin·#5+1 Lap1
11P. GaslyAlphaTauri·#10+1 Lap0
12D. RicciardoMcLaren·#3+1 Lap0
13Y. TsunodaAlphaTauri·#22+1 Lap0
14K. RäikkönenAlfa Romeo·#7+1 Lap0
15A. GiovinazziAlfa Romeo·#99+1 Lap0
16M. SchumacherHaas·#47+1 Lap0
17G. RussellWilliams·#63+2 Laps0
18N. MazepinHaas·#9+2 Laps0
19N. LatifiWilliams·#6DNF0
20V. BottasMercedes·#77DNF0

All times are in Pacific Time

___________________________________________________________________

“Ferrari changed Charles Leclerc’s chassis after it sustained a crack during qualifying for F1’s inaugural Qatar Grand Prix” — Paul Ebeling

Mr. Leclerc suffered an unusually poor qualifying display at the Losail International Circuit, getting no further than 13th in Q2 while teammate Carlos Sainz progressed to line up 7th for today’s Grand Prix.

Afterwards Leclerc was at a loss to explain for his struggles, but his suspicions were confirmed after Ferrari checked his car and discovered a crack in the chassis of his SF21.

“After Leclerc’s car was checked, a crack was found in the chassis, probably as a result of going over the kerbs on the first run in Q1. It will now have to be changed,” Ferrari said in a statement.

Ferrari is expecting Mr. Leclerc will still be able to start the race from his 13th position, adding: “If all the work is done within the time allowed by the sporting regulations, Charles will still start from his qualifying position.”

Lewis Hamilton took Pole position for the inaugural Qatar Grand Prix at Losail International Circuit, the 20th round of the 2021 F1 World Championship, ahead of title rival Max Verstappen.

On the Grid

Qatar Grand Prix qualifying results:

ClaDriver TimeGapkm/h
1 Lewis Hamilton1’20.827 239.622
2 Max Verstappen1’21.2820.455238.281
3 Valtteri Bottas1’21.4780.651237.708
4 Pierre Gasly1’21.6400.813237.236
5 Fernando Alonso1’21.6700.843237.149
6 Lando Norris1’21.7310.904236.972
7 Carlos Sainz Jr.1’21.8401.013236.656
8 Yuki Tsunoda1’21.8811.054236.538
9 Esteban Ocon1’22.0281.201236.114
10 Sebastian Vettel1’22.7851.958233.955
11 Sergio Perez1’22.3461.519235.202
12 Lance Stroll1’22.4601.633234.877
13 Charles Leclerc1’22.4631.636234.868
14 Daniel Ricciardo1’22.5971.770234.487
15 George Russell1’22.7561.929234.037
16 Kimi Raikkonen1’23.1562.329232.911
17 Nicholas Latifi1’23.2132.386232.752
18 Antonio Giovinazzi1’23.2622.435232.615
19 Mick Schumacher1’23.4072.580232.210
20 Nikita Mazepin1’25.8595.032225.579

Ferrari (NYSE:RACE) 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

Our overall technical outlook is still Bullish, all 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 finished Friday at 271.31, within its 52 wk range of 127.73 – 271.90 in NY just shy of its all time high.

Key technical indicators have turned Very Bullish across the board. The candlestick pattern indicated the confirmation of the break out at 196.01 on 3 November and confirmed.

The Key resistance is at 271.90, the Key support is at 266.49. All of our Key technical indicators are all Very Bullish in here.

Societe Generale places a Street high price target of $290 on RACE as compared to the average sell-side price target at 195.93. Most Street analysts still do not know how to view Ferrari.

Morgan Stanley called out $RACE it Top EV play as the firm can justify more than 100% of the company’s value with its ICE business. MS’s new price target of $350 reps more than 35% Northside potential for shares and is above the average analyst 1 yr target is at 200.79.

MS automotive analyst says, “Longer term, we see scope for Ferrari to offer a range of EV products at potentially higher prices than the average selling price of today’s Ferrari, while leveraging economies of scale on higher volumes.

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, an 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. 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 186.31.

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 call 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.

There is F1 racing ahead, click here for the official schedule.

Have a super race day, Keep the Faith!

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 is 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.   

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