F1: Ferrari (NYSE:RACE) Favorite at Monaco This Weekend

F1: Ferrari (NYSE:RACE) Favorite at Monaco This Weekend

F1: Ferrari (NYSE:RACE) Favorite at Monaco This Weekend

$RACE

MercedesAMG’s boss Toto Wolff said he is facing for a difficult weekend at the Monaco Grand Prix.

The Silver Arrows marked a 1-2 finish in Spain, but the team was quick to play down expectations for this coming race, the famous race around the streets of Monte Carlo.

Last year the MercedesAMG team struggled at Monaco, as Lewis Hamilton failed to make Q3 and finished 7th, and team mate Valtteri Bottas finished 4th.

After the win in Spain Mr. Wolff was asked if he was worried about Monaco, to which he replied: “Bloody worried!

“We’ve seen in the last years that there were always tracks that suited us well, and some that we weren’t perfect, for whatever reason. It is very difficult to undo the DNA of a car, and Monaco, Budapest, Singapore, were all tracks where we under-performed, under-performed a lot last year.

“It’s a great challenge for us to come back this year, tame the ‘diva’, it’s not a diva this year, actually, she’s behaving better. It’s a difficult one. Why our car does not like to be quick around the corners in Monaco, we have not found out yet.”

Having been clearly top of the order in Spain, Mr. Wolff thinks MercedesAMG could drop behind its 2 primary rivals, Ferrari (NYSE:RACE), and Red Bull Racing this weekend.

“We don’t head into the weekend as favorites, they are Red Bull and Ferrari. Red Bull are strong in the slow-speed corners and where straight line speed is less important, while Ferrari dominated last year. Our job is to deliver a smooth practice program, apply our learning from recent races and maximize the potential of the car, whatever that proves to be.

“We are now starting the heart of the season, with seven races ahead in the next ten weekends. We will race on a broad range of circuits before the summer break, with races coming thick and fast. This will test the team to its limits – and any weaknesses will be harshly punished in the points. We are clear-sighted about the challenge ahead of us and determined to prevail.”

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 134.38 21 May 2018 1.85 134.5 135 133.47 215,822
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.47) Very Bullish (0.52) Bullish (0.35) Very Bullish (0.54)

PS: Ferrari will come with power and charge hard. PE

Monaco F1 details here.

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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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