F1: Ferrari’s (NYSE:RACE) Vettel Starts Last at Hockenheim, Finishes 2nd in the Season’s Most Exciting Grand Prix

F1: Ferrari’s (NYSE:RACE) Vettel Starts Last at Hockenheim, Finishes 2nd in the Season’s Most Exciting Grand Prix

$RACE

Red Bull Racing’s Max Verstappen won the German Grand Prix that has Ferrari’s (NYSE:RACE) Sebastian Vettel race from last of the grid to a landmark 2nd and a step on the podium.

Mr. Verstappen claimed his 2nd win of the season in some of the most exciting racing of the season, much of it in the rain on a very slick track surface.

Pole-sitter Lewis Hamilton was leading the race when he lost control under the safety car at Turn 17 on Lap 30 and went into the barriers.

Then he entered the pits illegally and was hit with a 5 sec time penalty, which he served out in the closing stages on a tire change, sped out and faded to the back, as the Silver Arrows ended miserably with Valtteri Bottas crashing out.

Now comes 4X world champion Seb Vettel, who started 20th due to a fizzled Q3 run, and took advantage to the delight of his home fans by passing Carlos Sainz Jr, Lance Stroll and Daniil Kvyat coming 2nd to earn his 50th podium for Ferrari in championship style.

MercedesAMG failed to score any points for the 1st time since the Y 2018 Austrian Grand Prix, while Mr. Vettel reveled with a podium finish that did not look possible 24 hours prior.

Persistent rainfall led to the race director opting to deploy the safety car to guide the drivers round for four formation laps.

Having assessed the track conditions, it was decided the race could commence with a standing start with the distance consequently reduced by 3 laps to 64.

Toro Rosso’s 2nd podium in F1 was sealed by Danny Kvyat, who had even more reason to celebrate after becoming a father for the 1st time Saturday.

IN THE POINTS

1. Max Verstappen (Red Bull Racing)
2. Sebastian Vettel (Ferrari) +7.333s
3. Daniil Kvyat (Toro Rosso) +8.305s
4. Lance Stroll (Racing Point) +8.966s
5. Carlos Sainz Jr (McLaren) +9.538s
6. Alex Albon (Toro Rosso) +10.052s
7. Kimi Raikkonen (Alfa Romeo) +12.214s
8. Antonio Giovinazzi (Alfa Romeo) +13.849s
9. Romain Grosjean (Haas) +16.838s
10. Kevin Magnussen (Haas) +18.765s

DRIVER STANDINGS
1. Lewis Hamilton (MercedesAMG) 223
2. Valtteri Bottas (MercedesAMG) 184 (-39)
3. Max Verstappen (Red Bull Racing) 162 (-61)
4  Sebastian Vettel (Ferrari) 141 (-82)
5. Charles Leclerc (Ferrari) 120 (-103)

CONSTRUCTOR STANDINGS
1. MercedesAMG 407
2. Ferrari 261 (-146)
3. Red Bull 217 (-190)
4. McLaren 70 (-337)
5. Toro Rosso 42 (-365)

The final race before the mid-season break is a week away, with the F1 circus moving to the Hungarian Grand Prix

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 Very Bullish, overhead resistance is lite at 176.44, and very strong support at 166.10, all Key indicators are Very Bullish in here. Ferrari finished at 167.51, -0.51 Wednesday in NY.

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 week.

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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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