F1: Ferrari’s (NYSE:RACE) Binotto is “happy” that Lewis Hamilton is Available for 2021

F1: Ferrari’s (NYSE:RACE) Binotto is “happy” that Lewis Hamilton is Available for 2021

$RACE

Charles Leclerc says he would welcome Lewis Hamilton as a team-mate, amid rumours that Ferrari is attempting to lure the 6X F1 champion to the team.

Mr. Hamilton’s MercedesAMG contract will expire at the end of next season, and was strongly linked with Ferrari across the Abu Dhabi Grand Prix weekend having allegedly met with Ferrari (NYSE:RACE) Chairman John Elkann this year.

Ferrari team principal Mattia Binotto also added he was “happy” that Hamilton was available for 2021, although Mr. Hamilton has previously mentioned that he would like to extend his stay at MercedesAMG.

Mr. Leclerc continued the praise and, when asked if he would welcome Mr. Hamilton at Ferrari in the future, he replied: “Well, of course.

At the end, we are in Formula One and we want to fight against the best,” Leclerc added.

I’ve had a big opportunity this year to have Seb next to me who is a 4 time World Champion and I’ve learned a lot from him.

“You can always learn from this type of champion – so yeah, of course.”

As it stands, the majority of driver contracts are set to elapse at the end of the 2020 season, including Mr. Leclerc and Ferrari team-mate Sebastian Vettel.

Mr. Leclerc beat Mr. Vettel in the 2019 drivers’ championship by 24 pts, becoming the 1st team-mate to outscore Mr. Vettel since Daniel Ricciardo in Y 2014 at Red Bull Racing.

Mr. Hamilton refused to be drawn on the rumours that he had met with Mr. Elkann, and continued his assertion that MercedesAMG team principal Toto Wolff’s continued involvement with the team would be a factor in his decision.

“Naturally, everything that happens behind closed doors is obviously always private with whoever it is you end up sitting with.

“I think for many, many years I’ve never ever sat down and considered other options, because we’ve been just driving straight ahead into the path that we’ve been on.

To be honest, I still think we’re on that path and I think there’s very little that’s going to shift it from that.

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 168.69, and Key support at 164.61, as all Key indicators are Bullish and the stock has established long term support ahead of this breakout.

Ferrari finished at 165.02, +1.34 Tuesday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I see it at 200+/share in that frame.

Stay tuned…

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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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