F1: Ferrari’s (NYSE:RACE) Charles Leclerc 6-4 Favorite to Win at Monza Sunday

F1: Ferrari’s (NYSE:RACE) Charles Leclerc 6-4 Favorite to Win at Monza Sunday

$RACE

Those odds will guarantee the grandstands will packed with Ferrari’s Tifosi cheering on Messrs Leclerc and Sebastian Vettel to victory.

Charles Leclerc earned his maiden F1 victory in Belgium last Sunday, and the Ferrari driver is 6-4 favorite to go in again in this weekend’s Italian Grand Prix at Monza.

Having missed out on likely-looking victories in Bahrain, Azerbaijan and Austria, Mr. Leclerc held off a charging Lewis Hamilton at Spa to claim Ferrari’s 1st win of this season.

Last year at Monza, Ferrari began the weekend as favorites after Mr. Vettel had powered to victory at Spa and claimed a 1-2 on the grid. However Mr. Hamilton used a savvy strategy to beat Pole-sitter Kimi Raikkonen to victory, while Mr. Vettel’s chance disappeared with a spin on the opening lap.

Mr. Hamilton is 2-1 to win at Monza with Mr. Vettel is at a 3-1 chance.

Mr. Leclerc is 11-10 to claim his 4th pole position of the year with Mr. Vettel 7-4 and Mr. Hamilton 7-2 to go quickest in qualifying.

Click here for the official F1 schedules.

Note: The Italian Grand Prix will remain at Monza for the next 5 years, keeping the legendary circuit in F1 until at least Y 2024. The Autodromo Nazionale Monza was built in Y 1922 and was on the calendar for the first Formula One world championship in Y 1950. The circuit has hosted 68 Italian Grands Prix since then and was only missing from the F1 calendar on 1 occasion in Y 1980 when the race was held at Imola. Monza is the fastest circuit in F1, and in qualifying last year Kimi Raikkonen secured pole position with a new track record at an average speed of 162.9 m/ph.

Ferrari and Monza celebrated their 90th anniversaries in style on Wednesday

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 164.62 and support at 160.15 all Key indicators are flashing Neutral to Bullish in here. Ferrari finished at 161.94 +1.95 Thursday 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 (-7.5% since July 16) as a 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

Tune in and enjoy the racing this weekend.

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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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