#F1 #Ferrari #Turkey #Rolex, #Leclerc #Saintz
“Charles Leclerc 4th and and Carlos Sainz 8th in a very tough race with pit stop blunders” — Paul Ebeling
Valtteri Bottas won the Turkish Grand Prix at Istanbul Park Sunday as Red Bull’s Max Verstappen finished 2nd to take the F1 world championship lead from Lewis Hamilton, who finished 5th.
Next up: US Grand Prix on 24 October at CODA, Stay tuned.
|2||33||Max Verstappen||Red Bull-Honda|
|3||11||Sergio Perez||Red Bull-Honda|
|8||55||Carlos Sainz Jnr||Ferrari|
|9||18||Lance Stroll||Aston Martin-Mercedes|
|11||99||Antonio Giovinazzi||Alfa Romeo-Ferrari|
|12||7||Kimi Raikkonen||Alfa Romeo-Ferrari|
|18||5||Sebastian Vettel||Aston Martin-Mercedes|
Fastest lap: Valtteri Bottas
Carlos Sainz has taken on a raft of new PU components and as such is set to start from the back Sunday. As he ran an opposing strategy to the rest of the field, using up sets of the soft compound tire and focusing on longer run pace.
As for Charles Leclerc, he looked quick here from word go. With two poles to his name this season already. He looked quick on both the soft and the medium compound tire too, which bodes well for race day.
Charles Leclerc – FP1: 1:24.654, P3; FP2: 1:23.970, P2
“Compared to last year, the track has more grip. The car felt really good today, and I really enjoyed driving as I could play with the rear of the car and rotate it like that. This seems to have worked out well for now, as we were quite competitive. Although things are looking positive so far, it’s only Friday. We need to keep our heads down and work on fine tuning the car to have a good qualifying.“
Carlos Sainz – FP1: 1:24.860, P5; FP2: 1:24.903, P12
“A bit of a different Friday for us obviously, knowing we will start from the back of the grid due to the penalty for changing the PU. We checked everything was running smoothly, tried different set ups and worked with the soft and medium tyres, focusing on the long runs. It felt quite strange to go into a Friday without attempting to go fast in the short runs, but our target this weekend is to make up places on Sunday. The car looks competitive and the track has changed a lot since last year. There’s a lot of grip, probably one of the highest of the season so far and it’s important to understand how it affects the tyres and the car performance.”
Ferrari is The Aristocrat of the automotive sector.
Our overall technical outlook is still Bullish, a Key indicators are Bullish long-term. Ferrari reported strong earnings for Q-3 on 3 November and did the same for Q-4 and F-Y 2020 as reported on 2 February.
Ferrari finished Friday at 212.90 within its 52 wk range of 127.73 – 233.66 in NY. It’s all time high in NY was marked at 233.66 intraday on 29 December.
Key technical indicators have turned Neutral with a Bullish bias long term. The candlestick pattern indicates the confirmation of the break out at 196.01 on 3 November and confirmed.
The Key support is at 212.41 and the Key resistance is at 223.51. The 5 October Bullish Engulfing candle augurs the Bullish trend will continue. The stock is very oversold in here.
Friday, Morgan Stanley called out $RACE a “sleeper” EV play as the firm can justify more than 100% of the company’s value with its ICE business.
Note: At the beginning of Y 2020 I called RACE at 230 by year’s end, the stock was trading at 165.22 on 1 January 2020, on 29 December 2020 it marked 233.66 intraday, its all time high
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC, and Buys at Morgan Stanley and Bank of America.
UBS is now calling the stock at 365. I have not seen any other Street downgrades.
Ferrari will continue to create value in the long term as it becomes the world’s 1st Super Luxury brand.
Ferrari is a quality 1st long term luxury products investment, BAML raised its call to 270 long term.
I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.
Ferrari has an average rating of Buy and a consensus target price at 231.99.
The Maranello Outfit’s shares were raised downgraded from Buy to Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top on the Street, and adjusting it to 250/share short term.
A number of large investors have recently bought shares of RACE, and there have been very few instances of insider selling over the past yr that we have seen. And Ferrari continues to buy back its stock in here.
The stock is considered defensive in the sector.
Have a prosperous market week, Keep the Faith!