Home Ferrari F1: Ferrari (NYSE:RACE) Tops the FP Leader-board at Hockenheim Friday.

F1: Ferrari (NYSE:RACE) Tops the FP Leader-board at Hockenheim Friday.



Ferrari (NYSE:RACE) topped both Friday practice sessions at the F1 German Grand Prix with Sebastian Vettel and Charles Leclerc claiming a session each, as MercedesAMG struggled at a very hot Hockenheim track

Europe is in the middle of a Saharan heatwave, with temperatures far warmer than normal, and this is proving to be a difficult problem for MercedesAMG.

Thunderstorms and rain are predicted for the rest of the weekend, it could become a real exciting race.

I think it’s so hot that all of the teams are plateauing on the grip level,” MercedesAMG boss Toto Wolff said. “You overheat the tire surface at a certain stage and you cannot extract any down-force anymore.

“The day’s ambient temp is a complete outlier to tomorrow, so it is very difficult to judge where we are.”

FP2 Results

1Charles LeclercScuderia FerrariS1:13.449
2Sebastian VettelScuderia FerrariS+0.124
3Lewis HamiltonMercedesAMG Petronas MotorsportS+0.146
4Valtteri BottasMercedesAMG Petronas MotorsportS+0.662
5Max VerstappenAston Martin Red Bull RacingS+0.684
6Romain GrosjeanRich Energy Haas F1 TeamS+0.730
7Lance StrollSportPesa Racing Point F1 TeamS+0.819
8Kimi RaikkonenAlfa Romeo RacingS+1.009
9Nico HulkenbergRenault F1 TeamS+1.023
10Sergio PerezSportPesa Racing Point F1 TeamS+1.069
11Carlos Sainz Jr.McLaren F1 TeamS+1.213
12Daniil KvyatRed Bull Toro Rosso HondaS+1.351
13Daniel RicciardoRenault F1 TeamS+1.561
14Alexander AlbonRed Bull Toro Rosso HondaS+1.613
15Pierre GaslyAston Martin Red Bull RacingM+1.640
16Lando NorrisMcLaren F1 TeamS+1.798
17Antonio GiovinazziAlfa Romeo RacingS+1.957
18Kevin MagnussenRich Energy Haas F1 TeamS+2.021
19George RussellROKiT Williams RacingS+3.451
20Robert KubicaROKiT Williams RacingS+3.531

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 Very Bullish, overhead resistance is lite at 176.44, and very strong support at 166.10, all Key indicators are Very Bullish in here. Ferrari finished at 167.51, -0.51 Wednesday in NY.

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.

Stay tuned, there is F1 racing this weekend in Germany click here for the schedule

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.