F1: Ferrari (NYSE:RACE) Back in the Championship Lead

F1: Ferrari (NYSE:RACE) Back in the Championship Lead

F1: Ferrari (NYSE:RACE) Back in the Championship Lead

$RACE

Ferrari’s (NYSE:RACE) Sebastian Vettel’s light out to Chequered Flag victory Sunday in the Canadian Grand Prix has The Scuderia back in the lead for the Championships.

Just after the start and exits from Turn 1 the race turned into a procession with Mr. Vettel leading the pack to a very unique, some said shocking end.

This is how

Supermodel Winnie Harlow waved the Chequered Flag 1 lap early. She joins Pele in the hall of F1 flag gaffes, as the football legend forgot to wave it at all when he was supposed to at the end of the Y 2002 Brazilian Grand Prix.

But, Ms. Harlow’s error had no impact on the race, though it prompted an irritated radio message from race leader Sebastian Vettel, as he dominated by taking the Chequered Flag 2X.

Ferrari lead driver appeared completely in control from lights out, but did you see Stauber’s Charles Lecerc prowess as he managed a significant brake issue in the closing stages of the race at 1 of the toughest circuits for braking in the season?

If Mr. Lecerc keep this form up, it’s going to be difficult for Ferrari to ignore its talented B-team driver when considering the line-up of the A-team. Stauber is sponsored by Alfa Romeo and is powered by Ferrari.

Mr. Vettel’s victory Sunday, at a track where Lewis Hamilton has dominated in the past, but at which he struggled and manage only 5th place, left the 2 4X world champions just 1 point apart after 7 races with 14 to run.

MercedesAMGs boss, Toto Wolff, whose Silver Arrow team lead the constructors’ standings, called it a wake-up call, but Mr. Hamilton made clear that he was already fully aware of the threat.

“We all know Ferrari have generally had a slightly better package all round, they’ve been doing a slightly better job so we’ve got to do more,” Mr. Hamilton said after the race.

“We’ve got to keep working, which I know the guys are. And I think we just need to stay positive.

“There’s no reason to lose control or anything like that, we just need to keep doing what we’re doing and keep our heads down and keep motivated and keep pushing because they will falter. We have to keep applying the pressure.”

Mr. Hamilton struggled with engine temperatures during the race with a power unit on its 7th outing against rivals who brought upgrades to the Circuit Gilles Villeneuve.

What’s immediately ahead

Austria and Britain on successive weekends after France in a 3X-header before Germany and Hungary lead into the August break.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 139.35 11 June 2018 2.98 138.74 139.59 138.56 283,958
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.46) Bullish (0.44) Bullish (0.36) Very Bullish (0.58)

Stay tuned…

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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.

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