F1: Ferrari (NYSE:RACE) ‘Locks Out’Front Row at Japan Grand Prix

F1: Ferrari (NYSE:RACE) ‘Locks Out’Front Row at Japan Grand Prix

$RACE

After Saturday qualifying; race Sunday at Suzuka International Racing Course Suzuka, Japan Lap length: 5.81 kilometres Third session

1. Sebastian Vettel, Germany, Ferrari, 1 minute, 27.064 seconds.

2. Charles Leclerc, Monaco, Ferrari, 1:27.253.

3. Valtteri Bottas, Finland, MercedesAMG, 1:27.293.

4. Lewis Hamilton, Great Britain, MercedesAMG, 1:27.302.

5. Max Verstappen, Netherlands, Red Bull Racing Honda, 1:27.851.

6. Alexander Albon, Thailand, Red Bull Racing Honda, 1:27.851.

7. Carlos Sainz Jr, Spain, McLaren Renault, 1:28.304.

8. Lando Norris, Great Britain, McLaren Renault, 1:28.464.

9. Pierre Gasly, France, Scuderia Toro Rosso Honda, 1:28.836.

10. Romain Grosjean, France, Haas Ferrari, 1:29.341.Eliminated after second session

11. Antonio Giovinazzi, Italy, Alfa Romeo Racing Ferrari, 1:29.254.

12. Lance Stroll, Canada, Racing Point BWT Mercedes, 1:29.345.

13. Kimi Raikkonen, Finland, Alfa Romeo Racing Ferrari, 1:29.358.

14. Daniil Kvyat, Russia, Scuderia Toro Rosso Honda, 1:29.563.

15. Nico Hulkenberg, Germany, Renault, 1:30.112.Eliminated after first session

16. Daniel Ricciardo, Australia, Renault, 1:29.822.

17. Sergio Perez, Mexico, Racing Point BWT Mercedes, 1:30.344.

18. George Russell, Great Britain, Williams Mercedes, 1:30.364.

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 154.35, and support at 151.03 as Key indicators are Neutral with Bullish bias in here. Ferrari finished at 153.32, +3.17 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 last month, is fundamentally unchanged post Ferrari’s in-line 2-Q results. We view the stock’s recent pullback since late 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

Enjoy the racing.

RACE, F1, Ferrari, Vettel,Leclerc, Japan,

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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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