F1: Ferrari’s (NYSE:RACE) SF1000 Racer Has Seb Vettel “Much Happier”

F1: Ferrari’s (NYSE:RACE) SF1000 Racer Has Seb Vettel “Much Happier”

#Ferrari #F1 #SF1000 #Vettel #car #testing #racing #Austria #GrandPrix

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Sebastian Vettel said he was feeling “a lot happier” after spending Friday testing the upgrades that Ferrari (NYSE:RACE)brought to Austria a race ahead of schedule.

According to the 4X world champion the new parts have made a big difference to the SF1000’s driveability, and provided a huge contrast given his disappointment with the racer’s balance last week.

The upgrades include a new front wing and rear diffuser plus a new floor for Charles Leclerc to test.

The upgrades were scheduled for 17 July at the Hungaroring.

When the SF1000 was loaded with fuel Friday, Mr. Vettel said the performance was incomparable to that of last week’s car.

Yeah, it was much better all day,” said Mr. Vettel. “It was straightaway a different car and then I was just able to get at it. So not really possible to compare to last week because there was such a big difference and now I hope it stays like this.”

His assignment Friday was clear: test the upgrades that Ferrari brought and see if they made a positive impact, they did.

I think on our side the main thing was to look after the upgrade we brought, so step by step we were putting stuff on and it seems to be positive and we need to have a look and find the best window where the car is happiest.

As I said we tried some stuff, so usual homework, and I tried some stuff on the brakes and I need to get into a better rhythm, especially after last weekend but I felt a lot happier today,” Mr. Vettel said.

The Big Q: What if it is a wet weekend?

The Big A: Rain is seen as a great leveller in F1, but Mr. Vettel says “probably wet, I think it should increase our chances. Let’s see how wet, and mix it up.

Free Practice: Ferrari timesheets were disappointing and they are in 5th in the ranking. Charles Leclerc believes he got the best out of the updated car, but Sebastian Vettel says there is way more to come, that time was not representative, as his best lap was deleted for exceeding track limits. He is in a far better place this weekend, so expect him to figure highly Saturday in qualifying.

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 overall Very Bullish, the resistance is Nil, and Strong Support is at 175.52.

Our overall technical outlook is Bullish in here, as all Key indicators are Very Bullish.

Ferrari (NYSE:RACE) finished Friday at 179.0, +1.44 in NY, just shy of its intra-day all time highs at 180.36 marked on 19 February 2020.

The Maranello Outfit’s shares were raised to Buy from Hold at HSBC.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.

Have a healthy weekend, Keep the Faith and enjoy the F1 racing!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.