F1: Hungarian GP; Ferrari’s (NYSE:RACE) 3rd & 5th on the Grid

F1: Hungarian GP; Ferrari’s (NYSE:RACE) 3rd & 5th on the Grid

$RACE

Ferrari’s (NYSE:RACE) drivers will start the 34th Hungarian Grand Prix from the 2nd and 3rd rows of the grid, when the race gets underway at 15.10 CET Sunday.

Charles Leclerc was 4th fastest in 1’15”043 and Sebastian Vettel was 5th with a lap that was just 28 thousandths of a sec slower than his team-mate’s.

How it happened

Q1. In the 1st part of qualifying, both drivers easily made the cut to Q2 with time of 1’16”337 and 1’16”452 respectively. But on his 2nd run, Charles made a mistake, crashing into the barriers on the outside of the final corner, he managed to get back to the garage where the mechanics rushed to change the rear wing, and made repairs to other parts that had also sustained minor damage.

Q2. Mr. Leclerc carried on as normal in the 2nd part and both he and Mr. Vettel fitted Pirelli’s medium tires. Mr. Leclerc’s 1st run produced a 1’15”807, which he then dropped by 15 thousandths to 1’15”792. Mr. Vettel made it through to the Top 10 shoot-out with a 1’15”885 set on his 1st attempt. It means that both drivers start the race on the Medium compound tires.

Q3. For the final part, both drivers went out on Softs aiming for maximum performance. Mr. Leclerc’s 1st attempt was a 1’15”437, while Mr. Vettel beat it with a 1’15”346. Pitting for fresh rubber, they set out again, Mr. Leclerc improving by almost 4/10th sec to 1’15”043, which was 28 thousandths quicker than Mr. Vettel’s 1’15”071.

Charles Leclerc said, “On the one hand, I am happy with my lap in Q3. On the other, the mistake I made in Q1 was unnecessary and I will make sure that it doesn’t happen again. The team did a great job to get the car back in shape for us to go out in Q2. I believe that we got the best result we could today. So far this weekend, we have been lacking grip. Our competitors are strong, especially in the corners, and it will be a difficult race for us tomorrow.”

Sebastian Vettel said, “Today went pretty much as we expected and reflects what we have seen in the last few races. Our car is very quick down the straights but it’s not the best through the corners and that means we struggle to keep the tires alive right to the end of the lap when we are trying for a quick time. You can see that from the fact we are quickest in sector 1 and then we suffer over the rest of the lap. In fact, it will be a very difficult race in terms of tire management and given the characteristics of our car, it would suit us to see high temperatures tomorrow, because we would then be able to put our competitors under pressure. If that’s not the case, then it will be a one stop race and it’s less likely that we can be in with a chance. Overtaking is difficult here, but not impossible, so let’s wait and see how things go tomorrow.”

Mattia Binotto Team Principal, said, “It is not surprising that we were 4th and 5th fastest today. We knew we were not favorites here, given the level of aero down-force generated by our car at the moment.

Here in Hungary, we were keen to confirm our progress and see where we stood compared to those ahead of us. The gap is closer than we might have expected and to a certain extent, that’s encouraging. We therefore had further proof today that we are on the right path in terms of our development of the SF90.”

Seb’s qualifying was straightforward, but Charles’ was slightly compromised by the accident in Q1. We changed the rear wing, but there were still some damaged parts left on the car and maybe he also lost a bit of confidence in that final corner.”

FORMULA 1 ROLEX MAGYAR NAGYDÍJ 2019

Qualifying results

POSITIONTIME
1  Max VERSTAPPEN Red Bull Racing1:14.572
2  Valtteri BOTTAS MercedesAMG1:14.590
3  Lewis HAMILTON MercedesAMG1:14.769
4  Charles LECLERC Ferrari1:15.043
5  Sebastian VETTEL Ferrari1:15.071

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 Bullish, overhead resistance is at 162.39, and support at 158.75, all Key indicators are flashing Bearish in here. Ferrari finished at 159.48, -3.52 Friday 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.

The final race before the mid-season break is Sunday, the Hungarian Grand Prix, tune in.

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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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