F1: Ferrari’s (NYSE:RACE) Leclerc Takes Pole at Singapore

F1: Ferrari’s (NYSE:RACE) Leclerc Takes Pole at Singapore

$RACE

Ferrari (NYSE:RACE) Charles Leclerc, 21 anni, has secured the Pole position under the lights in Singapore Saturday the 5th pole position of his career and his 3rd running, made all the more special by the fact that it came at a track where Ferrari had predicted struggle ahead of the weekend’s race.

Mr. Leclerc set 1m 36.217s around the Marina Bay Street Circuit to beat Lewis Hamilton’s time by 0.191s meaning he now leads Mr. Hamilton for most poles this year.

Sebastian Vettel went fastest on the 1st round of runs in Q3, but has to settle for 3rd on the grid in the nd Ferrari, 0.220s off his team mate’s time. He was ahead of Red Bull Racing’ Max Verstappen, as Max’s threat in qualifying did not happen, he wound up over half a sec off Mr. Leclerc.

Mr. Verstappen was then ahead of the 2nd MercedesAMG of Valtteri Bottas and the 2nd Red Bull of Alex Albon who hooked up his last lap to end up 0.407s clear of the McLaren of Carlos Sainz in 7th.

Renault’s Daniel Ricciardo and Nico Hulkenberg wound up P8 and P9, while Lando Norris rounded out the Top 10 in the second McLaren , Mr. Ricciardo securing the qualifying head-to-head at Renault in the process.

F1 SINGAPORE AIRLINES SINGAPORE GRAND PRIX 2019

Qualifying results

POSITIONTIME
1  Charles LECLERC Ferrari1:36.217
2  Lewis HAMILTON MercedesAMG1:36.408
3  Sebastian VETTEL Ferrari1:36.437
4  Max VERSTAPPEN Red Bull Racing1:36.813
5  Valtteri BOTTAS MercedesAMG

“I’m extremely happy about today. If you look at the lap, it was a very good lap, but there were some moments where I thought I lost car but that I took back. In the end, finishing the lap, we are on pole position. I want to thank team so much for what they have done. We came here knowing it would be a difficult track for us but the team have done an amazing job to bring the package we needed. And I’m extremely happy to be on pole tomorrow” – Charles Leclerc

It’s lights out and away we go at 2010 Singaporean time, which is 1210 UTC.

The Big Q: Having stunned the paddock with their pace Saturday, can Mr. Leclerc and Ferrari make it 3 for 3, at a track where the pole sitter has won 5 of the last 8 races.

We will be watching to see what will happen under the lights this year…tune in.

For the official details on the Singapore GP click here.

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 155.47 and support at 155.05 as 1 Key indicator has begun flashing Very Bullish in here. Ferrari finished at 152.08, -1.54 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 since July 16 has provided 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.

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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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