On the 1st following this Summer’s break we saw all go off smoothly for Scuderia Ferrari (NYSE:RACE), as the team got through its planned program over the course of the FP’s for the Belgian Grand Prix, the 13th round of the season.
Charles Leclerc and Sebastian Vettel completed 98 laps between them over the 3 hrs of track time and were quickest of the field in both sessions. The Key is tomorrow afternoon when it is time for qualifying.
FP1. Sebastian and Charles did 20 laps each, starting on Soft tires. They both worked on set-up before tackling some runs aimed at evaluating performance. The 1st to set a significant time was Mr. Leclerc with a 1’44”788. Shortly after, Mr. Vettel posted a 1’44”574, which turned out to be the best of the session, with his team-mate coming 2nd.
FP2. In the afternoon, the 2 Scuderia Ferrari drivers went back to work, running the Medium tires to complete an evaluation of the compounds brought by Pirelli, before going back to the Softs for a qualifying simulation. Mr. Leclerc did a 1’44”123, which turned out to be the quickest of the day. Mr. Vettel was next up with a 1’44”753. Both ‘hot shoes’ then began working on race preparation with the usual long runs, on different fuel loads.
Saturday. The final hour or FP3 gets underway at Noon local time, prior to qualifying at 3.00p.
On Sunday, the Belgian Grand Prix gets underway at 3.10p.
Charles Leclerc #16
“It was quite a good 1st day for us after the holidays. I really like this circuit and enjoy driving here. The track is quite long, has all types of corners and there’s a very unique flow to it. Despite our good positions in free practice, we do have to stay realistic and expect our rivals to be very competitive tomorrow. Our qualifying pace was strong today, but we still have some work ahead of us in improving it over the long runs. If we are quick on the straights, we will hopefully have some good opportunities for overtaking on Sunday, which is a positive. The last few Grands Prix have been great, with a lot of battles, so I hope that this race will be another exciting one.”
Sebastian Vettel #5
“It was a positive day and it’s great to be back in the car, especially at a track like this. The feeling from the cockpit was good, but I think there is still room for improvement. Let’s not forget it is only Friday and it will only get serious tomorrow afternoon and then Sunday when it matters. On a quick lap, the performance was okay, but the race is not just one lap and so we have to work on improving our race pace, especially in the second sector. In today’s 2 sessions, we were sliding a bit too much in the middle sector and so for the race it will be important to optimise the tire behavior. We still have work to do tomorrow.“
Till Saturday then…
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 158.55 and support at 155.35 all Key indicators are flashing Neutral to Bullish in here. Ferrari finished at 157.75, -0.47 Friday 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.
Belgian Grand Prix 2019: What time does the F1 race start, what TV channel is it on and what are the latest odds? For all or the answers click here.
Latest posts by HEFFX Australia (see all)
- Tesla (NASDAQ:TSLA) Destroying Short Sellers - October 19, 2020
- Amazon (NASDAQ:AMZN) Stock Daily Pre-Market Technical Analysis - October 19, 2020
- What To Expect From Apple (NASDAQ:AAPL) Stock – Technical Analysis - October 19, 2020