F1: MercedesAMG Could Leave Lewis Hamilton to Join Ferrari

F1: MercedesAMG Could Leave Lewis Hamilton to Join Ferrari

$RACE

MercedesAMG is back in the headlines this week, as news leaked that they were considering leaving F1 for the Y 2021 season.

The Big Q: Could the reigning F1 World Constructors’ champions really be about to walk, or drive, away from the sport that they have dominated for the last 7 years?

The Story

Autocar broke the news last week that MercedesAMG were ready to discuss withdrawing from F1 as a works team after the Y 2020 season. The use of the word “works” seemed to imply that they would still be open to supply power units to the series, as it currently does for Racing Point and Williams.

The story stated that the pull-out would be discussed at a board meeting of Daimler, the team’s parent company, later this month, with F1 on the chopping block as part of a company-wide cost-saving exercise.

The added suggestion was that Aston Martin would be the likely successors to MercedesAMG, taking over team if billionaire Lawrence Stroll invests in the ailing British car brand, which we learned he did at the weekend.

The Canadian took up a 20% share in Aston Martin and became the company’s Executive Chairman. As part of the deal, his Racing Point F1 team will become Aston Martin’s works team in Y 2021.

The association with Lewis Hamilton, 35 anni, would end if MercedesAMG pulled out, leaving the British 6X world champion with a decision to make about his own career. He has often discussed leaving the sport as he has many other interests outside of racing, he also has unfinished business in F1, because he is just 1 title behind the all-time record of Michael Schumacher. If he wins a 7th in Y 2020, he would certainly have a go at breaking the record.

It proved the right choice when Mr. Hamilton signed with MercedesAMG, and now he would be faced with the challenge of making the right move again.

The obvious option would be Ferrari (NYSE:RACE), a team he says he has always dreamed of joining and who would likely welcome him with open arms. It would mean he has to drive against Charles Leclerc and that Ferrari would have to elbow out Sebastian Vettel. And the idea of racing in the Red of Ferrari is very attractive to him.

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 Bullish to Very Bullish, there is light resistance at 175.00, and Key support is solid at 171.27, the stock has established strong long term support.

Ferrari finished at 171.97, -0.68 Thursday in NY.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term and siding with BAML to 230 long term for now.

Have a terrific week

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