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Monday, October 25, 2021

F1: Ferrari’s (NYSE:RACE) Seb Vettel Urges Calm, Turn the Season Around


Ferrari (NYSE:RACE) is facing a 3rd winless season since Y 2014, when the turbo-hybrid F1 era began. But 12 races into Y 2019 it is right up front as The Scuderia prepares for the next 9, Sebastian Vettel calls for calm.

With seemingly the fastest car in pre-season testing, Ferrari were the team to beat. That was until MercedesAMGs’ run of 5 1-2 finishes beginning in Australia.

A year has passed since Mr. Vettel’s last victory, in Belgium, when the 1st corner turned into a sea of debris.

An introspective Mr. Vettel said: “I need to be critical of myself because here and there I didn’t do the best job. So that’s something that I need to focus on and need to get better in the second half of the season, which needs addressing.

“Other than that I think it was a bit up and down, some races were better, some races were worse. But certainly the last couple of races where maybe a bit better for me, whereas some races in the beginning I struggled a bit more when we tried a lot of things. I think it’s clear that we are not where we want to be.

That 150-pt gap between Ferrari and MercedesAMG in the standings tells part of the story, but analysis shows that their apparent weaknesses in low-speed corners may soon be overcome. And the next couple of races take place at Spa and Monza, with long straights that should favor Ferrari’s low-down-force characteristics. Mr. Vettel said they are burning the midnight oil at Maranello to deliver after the Summer break.

“You look at the points table, you look at the race [in Hungary], you look at the areas in tracks where we are lacking compared to others, so we are addressing those things and we are working very hard. I do not think we are short of commitment.

People are very passionate so I think the key now is to remain calm, do our homework and obviously try and catch up as much as we can. That’s the key priority,” he said.

Ferrari Team Principal Mattia Binotto had measured praise for Mr. Vettel, his lead driver, saying:

I think starting Seb’s pace in the race is always very strong,” he said. “I think it has been as well [in Hungary] and in Hockenheim. He is aware that it is important for him to capitalize on his race pace, so obviously when you may do some mistakes like in Silverstone, that’s not the best but apart from that I think very happy. Because he has a lot of experience, he knows how to manage the tyres and I think this is where his strengths and are I think he is doing very well in that respect.

Tires are still an issue for Ferrari.

Mr. Vettel’s command of the tires is so proficient that Charles Leclerc said that he had learn from his team mate for the coming races.

Ferrari is not panicking yet, with Messrs Binotto and Vettel discussing their chances pragmatically. But it is hard to ignore Red Bull Racing behind them: with 9 races left, Ferrari will be doing their utmost to stop Red Bull overturning that 44-point deficit.

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 Bullish, overhead resistance is at 160.24, and support at 154.42, all Key indicators are flashing Bullish to Very Bullish in here. Ferrari finished at 156.07, +0.75 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% 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.

Have a terrific weekend

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