F1: Ferrari(NYSE:RACE) FP Report Hungarian Grand Prix

F1: Ferrari(NYSE:RACE) FP Report Hungarian Grand Prix

$RACE

Friday’s FP sessions for the Hungarian Grand Prix were not the most productive for Sebastian Vettel and Charles Leclerc.

The 1st session was affected by light rain, but heavier wet weather was a feature of the 90 mins of afternoon FP2 track time.

In the morning session, the 2 Ferrari drivers ran Pirelli Softs while working on dry set-up. Sebastian and Charles completed 54 laps between them; 25 for Seb, the best being a 1’17”399 which put him 3rd on the time sheet and 29 for Charles, the quickest a 1’18”188, making him 6th.

A few mins into FP2 session, heavy rain fell at Hungaroring, so the drivers headed back to the garages. Up to that point, Charles Leclerc’s best time was a 1’18”852, which put him 7th on the time sheet. Sebastian Vettel clocked in at 1’19”254 for 13th fastest. The rain intensified as the session progressed and the drivers went back out on Intermediates to gather data. In the 2nd session, Seb did 24 laps, Charles did 21.

Saturday, the forecast suggests there should be no more rain for the rest of the weekend, so FP3 which starts at 12 Noon CET, will be Key to prepare for both Qualifying, which starts at 3p and for Sunday’s race which gets underway at 3.10p.

Sebastian Vettel: “The morning session was not bad. I’m sure we can improve quite a bit because I don’t think we got all the potential out of the car on my quickest lap. In fact, more than going for a lap time, I was trying to get a good feeling from the car, which is why I think we can make progress. Having said that, we must wait until tomorrow to see where everyone stands and we know there is still work to do.

There is not much to say about the afternoon, even if, in sessions like the second one there is always something to learn. For example we were able to do a few more laps on the Intermediate Tires, after those we did in Hockenheim and that was useful for me.

As for the aero updates, it’s difficult to assess, but I can say they worked as we had expected.

Charles Leclerc: It was quite a difficult day. We faced mixed weather conditions, the first session being relatively dry and the second rainy. Overall, from my side, we struggled with the car balance and are now working on finding a way to improve this for tomorrow. I think that I was in a better shape in the wet, so it will be interesting to see what the conditions will be like in qualifying. On the upside, we tested some new parts today which worked as expected. Hopefully, we can make a good step forward.”

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 Bullish, overhead resistance is at 162.39, and support at 158.75, all Key indicators are flashing Bearish in here. Ferrari finished at 159.48, -3.52 Friday 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.

The final race before the mid-season break is Sunday, the Hungarian Grand Prix, tune in.

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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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