F1: Ferrari’s (NYSE:RACE) Vettel, Gave One for the Team, Charles Wins His 1st Grand Prix

F1: Ferrari’s (NYSE:RACE) Vettel, Gave One for the Team, Charles Wins His 1st Grand Prix

$RACE

Sebastian Vettel was told to move aside for his team mate, Charles Leclerc during the Belgian Grand Prix. And so when he knew a win was not on the cards, he says his focus switched to racing for the Team.

Ferrari’s Charles Leclerc was very impressive throughout the Belgian Grand Prix weekend continuing that super pace into Sunday’s race and comfortably leading from Pole in the opening stint.

The Scuderia opted to box Mr. Vettel early when it was clear he was struggling for performance. And while Mr. Leclerc dropped behind his team mate after stopping later, his speed advantage was such that The Scuderia made the call to Mr. Vettel to move over.

Mr. Vettel then played the team game by controlling his pace and keeping the faster MercedesAMG of Lewis Hamilton at bay for as long as he could in a bid to aid his team mate’s victory chances. It paid off, with Mr. Leclerc winning his 1st Grand Prix, a day after the death of his close friend and F2 racer Anthoine Hubert.

“For the team, yes, I am happy. For myself I am not happy,” Mr. Vettel said after the race. “I did no have the pace ultimately, I was struggling to stay on Top of the tires, which is normally not a problem for me.

“It was a tough race. From the 1st stop onwards, it was clear we would not be in the fight. So all I could do by then is serve the Team.

“I was struggling in the corners, so that allowed Lewis [Hamilton] to get close. I could not hold him off for a very long time. I tried to make him lose time in order to give Charles a cushion. In the end it was just enough. It did the job.

For his part, Mr. Leclerc was very thankful for his team mate’s efforts. “Seb has been very nice,” he said. “Without him, it would have been a lot more difficult to win this race, so thanks to him.”

Victory for Mr. Leclerc means he is now just 12 points behind Mr. Vettel in the drivers’ standings, with Red Bull Racing’s Max Verstappen only 12 ahead.

Drivers’s standings post-Spa

POSITIONPOINTS
1  Lewis HAMILTON MercedesAMG268
2  Valtteri BOTTAS MercedesAMG203
3  Max VERSTAPPEN Red Bull Racing181
4  Sebastian VETTEL Ferrari169
5  Charles LECLERC Ferrari157

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 158.55 and support at 155.35 all Key indicators are flashing Neutral to Bullish in here. Ferrari finished at 157.75, -0.47 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 (-7.5% 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 holiday 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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