F1: Ferrari’s (NYSE:RACE) Team Boss, “We can keep winning!”

F1: Ferrari’s (NYSE:RACE) Team Boss, “We can keep winning!”

$RACE

Ferrari (NYSE:RACE) team boss Mattia Binotto has dismissed suggestions his team will be unable to add to the victories claimed at Spa and Mona.

Ferrari capitalised on its strong engine advantage to win the high-speed races at Spa-Francorchamps at Monza.

Charles Leclerc, 21 anni, claimed victory on both occasions, with the latter being Ferrari’s 1st Italian Grand Prix victory since Y 2010.

The Scuderia had failed to win in Y 2019 until those 2 GP races despite glimpses of competitive pace, which highlighted issues with the design of its current car.

Team Boss Binotto is convinced the remaining races offer more opportunities for victory.

27 July 2019, Baden-Wuerttemberg, Hockenheim: Motorsport: Formula 1 World Championship, Grand Prix of Germany. Mattia Binotto, team manager and technical director of the Scuderia Ferrari team, is in the paddock. Photo: Sebastian Gollnow/dpa

We knew that these ones were tracks where we may have been competitive,” Mr. Binotto said. “It was not a given, but certainly being power sensitive and having long straights it was important for us.

“It is important for us not to miss any other opportunities as we missed in the first part of the season, and the fact that we capitalised on the strengths of our car in these 2 races makes us very happy.”

On circuits where a high-downforce setup is required, Ferrari has consistently struggled this year, whereas circuits that feature high-speed corners and long straights have been their forte.

With the focus now switching back to the strength of aerodynamic packages at the tight and twisty Singapore Grand Prix street circuit, Red Bull Racing looks the most likely candidate to take the fight to MercedesAMG.

Mr. Binotto sees the upcoming slate of races as a good opportunity for Ferrari to focus on the weaker aspects of its current race package.

What will be for the next races? I think it can be as good as the 1st part of the season.

There will be races as it has been in Germany, as it has been in Canada, Bahrain, where maybe we can still be competitive, and races where the weaknesses of our car will not give us the possibilities to go for the win.

But it is difficult to guess which one. It’s important for us to continue to develop the car, continue to understand it, try to have the best balance, and give our drivers the best opportunities whenever they come.

There are tracks like the next one where maybe the engine is not so important.”

On what The Scuderia might introduce for Singapore, he said: “We are working certainly back in Maranello to add some downforce. Maybe a few bits will be there.”

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 160.28 and support at 154.67 as 1 Key indicator has begun flashing Very Bullish in here. Ferrari finished at 154.78, +0.82 Tuesday 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.

Stay tuned…

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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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