F1: Ferrari (NYSE:RACE) Impresses on 1st Day of Testing in Spain

F1: Ferrari (NYSE:RACE) Impresses on 1st Day of Testing in Spain

F1: Ferrari (NYSE:RACE) Impresses on 1st Day of Testing in Spain

$RACE

The Key concern for Red Bull and Mercedes in Y 2016 was that Scuderia Ferrari would get their house in order.

Now, on the opening day of pre-season testing at the Circuit de Barcelona-Catalunya, it looks like Ferrari is on the right track after Sebastian Vettel smashed the 2nd quickest lap time of the day, just 0.113 secs behind Mercedes ace Lewis Hamilton.

Importantly, Mr. Vettel’s lap was set on the medium compound tire while Hamilton was running the quicker soft compound tire.

Mr. Vettel’s time was also quicker than the fastest lap set by Mercedes recruit Valtteri Bottas on the medium tire.

View image on TwitterThe iconic Ferrari Team was one of the biggest disappointments of the Y 2016 season as Red Bull surged past them to become the top challenger to champions Mercedes.

That might be about to change in Y 2017.

Williams driver Felipe Massa said Ferrari’s ability to produce a quick and issue-free day was the standout performance on the 1st day of testing.

“I think they are quite strong; Ferrari and Mercedes,” Mr. Massa said, according to Formula 1.

“It’s just the 1st day, but what I can say is that both teams were straight away competitive, straight away putting some good lap times.

“And when a car is competitive straight away, it means something for the championship.

“Ferrari did a very good lap time on the medium tires. Their car looks nice. Mercedes also looks very nice. Red Bull had a problem today. Many cars had problems today.”

The time sheets from pre-season testing are notoriously unreliable but, on this evidence at least, pessimistic noises from Italy about Ferrari being forced to redesign a car with a longer wheelbase may be wide of the mark.

Fast and reliable, the Mercedes W08 ran in impressive fashion all day, first at the hands of debutant Valtteri Bottas in the morning before Hamilton took over driving duties in the afternoon.

Between them, the pair completed over 150 laps; in effect, 2.5 Spanish Grands Prix.

While Mr. Bottas ran predominantly on medium tires, Hamilton, who also ran a ‘shark fin’, used Pirelli’s soft compound to set the quickest time of the day.

“It was fast in the corners as we expected,” Mr. Bottas said

“I also love seeing the other cars on track, I think they look great. We did more than a race distance this morning and we had no issues at all.”

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 65.79 27 February 2017 0.70 65.44 66.09 65.42 309,768
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Very Bullish (0.63) Very Bullish (0.54) Very Bullish (0.56) Very Bullish (0.79)

Stay tuned…

 

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.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH