F1: Ferrari’s (NYSE:RACE) Tifosi Jubilant, Leclerc on the Pole at Monza

F1: Ferrari’s (NYSE:RACE) Tifosi Jubilant, Leclerc on the Pole at Monza

$RACE

The Italian Grand Prix: Pole position to Charles Leclerc at Monza

Sunday, Charles Leclerc will start the 90th Italian Grand Prix, the 70th as part of the F1 World Championship, from Pole position, after posting a time of 1’19”307 at the wheel of #16 SF90, beating Lewis Hamilton and Valtteri Bottas into 2nd and 3rd places on the grid.

Sebastian Vettel will start from 4th on the grid. On his 2nd run in Q3, he was unable to improve on his 1st, because of traffic which meant that the majority of the cars out on track crossed the line at the end of their out lap after the Chequered flag was waved.

Q1 and Q2: The 2 SF90s started on Medium tires, making the cut after running two timed laps. Charles got off the mark with a 1’20”417, improving to 1’20”126, while Sebastian went from 1’20”877 to 1’20”378. Then both made the cut to the final phase on their 1st attempt. Mr. Leclerc did a 1’19”553, Mr. Vettel a 1’19”715.

Q3.:The 12 minute Top 10 shootout was unusual. On his 1st run, Charles did a 1’19”307, while Seb’s best was a 1’19”457. Soon after, the session was Red flagged after Kimi Raikkonen went off at the Parabolica, restarting with just over 6 mins to go. Then, with just 2 mins remaining, everyone was still in the pits, as no driver wanted to lead the slipstreaming train of cars and not get the advantage of a tow. As the drivers jockeyed for position, the clock ticked down and the majority of the cars never crossed the line in time to start a flying lap. Seb was 1 of those caught out, which left him 4th. This 1 Mr. Leclerc’s 4th Pole of the season and of his F1 career. It is number 224 for The Scuderia.

The Italian Grand Prix starts Sunday at 15.10 CET.

Charles Leclerc #16: “Of course, it felt amazing when I came out of the car and heard our tifosi cheering from the grandstands. On the other hand, it is a shame for Seb who had the potential to do first or second, and I think that as a team we deserved that today. It was quite a messy qualifying session, especially in Q3. In the last few minutes, we found ourselves in an odd situation at the exit of the second corner where two cars were blocking our way. Seb overtook me there, because I think that he was aware that we were tight on timing. After this, I tried to find the best tow and then overtook Seb before the last corner to give him the tow back, but unfortunately, it was too late to achieve what we had planned.
Looking at the race, our pace looked quite strong in FP2 and the gap to our competitors is smaller than it was in Spa-Francorchamps. DRS and tow are very important here in Monza, so the target will be to create a gap in the first three laps that is big enough not to see them again
!”

Sebastian Vettel #5: “I was happy with the car which was really good, and I was also pleased with my lap today, but I cannot be happy with how qualifying went. At the end of Q3, most of us didn’t make it through to the second attempt. The lap I did on my own without a tow was good. I think we went out late and then obviously you look for a tow, but it’s clear we waited too long, so in the end there was no margin. At the end I just had no choice but to miss my last lap because the light was already red, so I’m obviously disappointed. But from 4th on the grid there are still plenty of chances to do well. Let’s see how it goes tomorrow.

Mattia Binotto Team Principal: “We understood right from yesterday’s free practice that today’s qualifying would be very close and that slipstreaming would play a key role. The situation in Q3 was truly abnormal: it’s not often you see the majority of the cars being shown the chequered flag without having been able to do their quick lap, but that is the inevitable consequence of the strategy of waiting until the very last moment to make the very most of the aforementioned slipstreaming.It was a shame for Seb, who just missed out on starting his flying lap by the tiniest margin, because being 4th, he was the driver with the most to lose in this situation. Having said that, today our cars were quick and clearly we are very pleased with this pole position, especially as it came here in front our of fans at our home race.”

Click here for the official F1 schedules.

Note: The Italian Grand Prix will remain at Monza for the next 5 years, keeping the legendary circuit in F1 until at least Y 2024. The Autodromo Nazionale Monza was built in Y 1922 and was on the calendar for the first Formula One world championship in Y 1950. The circuit has hosted 68 Italian Grands Prix since then and was only missing from the F1 calendar on 1 occasion in Y 1980 when the race was held at Imola. Monza is the fastest circuit in F1, and in qualifying last year Kimi Raikkonen secured pole position with a new track record at an average speed of 162.9 m/ph.

Ferrari and Monza celebrated their 90th anniversaries in style on Wednesday

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 164.62 and support at 160.15 all Key indicators are flashing Neutral to Bullish in here. Ferrari finished at 161.94 +1.95 Thursday 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 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

Tune in and enjoy the racing this weekend.

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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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