F1: Hamilton Wins in Mexico City

F1: Hamilton Wins in Mexico City

$RACE

Lewis Hamilton triumphed in a super finish to the Mexican Grand Prix, brilliantly making an ambitious 1-stop strategy work to win out from Ferrari’s Sebastian Vettel and his MercedesAMG team mate Valtteri Bottas – although it was not quite enough for him to secure his 6th drivers’ title over Bottas at the Autodromo Hermanos Rodriguez.

Mr. Hamilton superbly eked out the tire life out of his hard rubber, making a 48-lap stint work to take his 2nd win in Mexico, and Mercedes’ 100th as a constructor – although it was the 1st time in 3 years that he has not claimed the title in Mexico City.

A slow 2nd pit stop helped consign early race leader Charles Leclerc to 4th, ahead of the Red Bull of Alex Albon in 4th.

Having lost his Pole position yesterday, Max Verstappen endured a disastrous Mexican Grand Prix, with Lap 4 contact with Bottas after 1st-lap contact with Hamilton causing a puncture that saw him forced to recover to a distant 6th place, behind his Red Bull team mate Albon after a mammoth 66-lap stint on hard tires.

Home hero Sergio Perez drove a fine race to finish ‘best of the rest’ for Racing Point in 7th, holding off the late charge of Renault’s Daniel Ricciardo, while the Toro Rosso pair of Daniil Kvyat and Pierre Gasly finished 9th and 10th on the road, but only after late contact between Kvyat and Nico Hulkenberg that saw the Renault driver end up crashing into the Turn 16 wall and losing his rear wing.

The stewards had a look, and decided to issue a 10-nd penalty to the Russian, dropping him back to 11th, with Hulkenberg classified 10th to mark a double points-scoring day for Renault as rivals McLaren endured their 1st non-score since Belgium.

FORMULA 1 GRAN PREMIO DE MÉXICO 2019

Race results

POSITIONTIMEPOINTS
1  Lewis HAMILTON MercedesAMG1:36:48.90425
2  Sebastian VETTEL Ferrari+1.766s18
3  Valtteri BOTTAS MercedesAMG+3.553s15
4  Charles LECLERC Ferrari+6.368s13
5  Alexander ALBON Red Bull Racing+21.399s10

VIEW FULL RESULTS

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 159.49, and support at 154.37 as Key indicators are Neutral with Bullish bias as the stock establishes long term support.

Ferrari finished at 156.09, +1.06 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 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

Have a terrific week, US GP this weekend as the title fight continues.

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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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