(Video of the complete qualifying session)
#F1 #Ferrari #Baku #Leclerc
“Charles Leclerc has gotten over his Monaco Grand Prix pole-position heartbreak, as he is on the pole at Baku“– Paul Ebeling
Charles Leclerc was quickest in qualifying for the 2021 F1 Azerbaijan Grand Prix. Check out the full results from qualifying below.
2021 Azerbaijan Grand Prix – Qualifying results
Get up to speed with everything you need to know about the 2021 Azerbaijan Grand Prix, which takes place over 51 laps of the 6.003-kilometre Baku City Circuit on Sunday, 6 June.
Using the links above you can find the full weekend schedule, including details of practice and qualifying sessions, support races, press conferences and special events, plus the latest news headlines, circuit information and F1 race results.
You can also find broadcast information, with details of how and where you can watch the race on TV, or download the 2021 Azerbaijan Grand Prix schedule to your mobile device.
Ferrari is The Aristocrat of the automotive sector.
Our overall technical outlook is still Bullish, a Key indicators are Bullish long-term. Ferrari reported strong earnings for Q-3 on 3 November and did the same for Q-4 and F-Y 2020 as reported on 2 February.
Ferrari closed at 215.43 Thursday within its 52 wk range of 127.73 – 233.66 Wednesday in NY. It’s all time high in NY was marked at 233.66 intraday on 29 December.
Key technical indicators are now Bullish to Very Bullish long term. The candlestick pattern indicates the confirmation of the break out at 196.01 on 3 November and confirmed.
The Key support is at 212.47 and the Key resistance is at 217.02. The 14 May DOJI candlestick augurs a move further North.
Note: At the beginning of Y 2020 I called RACE at 230 by year’s end, the stock was trading at 165.22 on 1 January 2020, on 29 December 2020 it marked 233.66 intraday, its all time high
The Maranello Outfit’s shares were raised to Buy from Hold at HSBC, and Buys at Morgan Stanley and Bank of America.
UBS is now calling the stock at 365. Citi downgraded the stock from Neutral to sell. I have not seen any other Street downgrades.
Ferrari will continue to create value in the long term as it becomes the world’s 1st Super Luxury brand.
Ferrari is a quality 1st long term luxury products investment, BAML raised its call to 270 long term.
I have raised my long term target to 375, a Strong Bull call, the strongest on the Street and am holding the mark during this recent profit taking, and seeing RACE as a buying opportunity.
Ferrari has an average rating of Buy and a consensus target price at 231.99.
The Maranello Outfit’s shares were raised downgraded from Buy to Hold at HSBC.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I am calling it 375 long term, the Top on the Street, and adjusting it to 250/share short term.
A number of large investors have recently bought shares of RACE, and there have been very few instances of insider selling over the past yr that we have seen. And Ferrari continues to buy back its stock in here.
The stock is considered defensive in the sector.
Have a super race weekend, Keep the Faith!