Most of the field would finish where they had qualified, with half points their consolation on a gloomy day at Spa, as it was finally announced the race would not resume, at 1845 local time
FORMULA 1 ROLEX BELGIAN GRAND PRIX 2021 – RACE RESULT
|1||33||Max Verstappen||RED BULL RACING HONDA||1||0:03:27.071||12.5|
|2||63||George Russell||WILLIAMS MERCEDES||1||+1.995s||9|
|4||3||Daniel Ricciardo||MCLAREN MERCEDES||1||+4.496s||6|
|5||5||Sebastian Vettel||ASTON MARTIN MERCEDES||1||+7.479s||5|
|6||10||Pierre Gasly||ALPHATAURI HONDA||1||+10.177s||4|
|7||31||Esteban Ocon||ALPINE RENAULT||1||+11.579s||3|
|9||6||Nicholas Latifi||WILLIAMS MERCEDES||1||+15.484s||1|
|11||14||Fernando Alonso||ALPINE RENAULT||1||+20.590s||0|
|13||99||Antonio Giovinazzi||ALFA ROMEO RACING FERRARI||1||+24.163s||0|
|14||4||Lando Norris||MCLAREN MERCEDES||1||+27.109s||0|
|15||22||Yuki Tsunoda||ALPHATAURI HONDA||1||+28.329s||0|
|16||47||Mick Schumacher||HAAS FERRARI||1||+29.507s||0|
|17||9||Nikita Mazepin||HAAS FERRARI||1||+31.993s||0|
|18||7||Kimi Räikkönen||ALFA ROMEO RACING FERRARI||1||+36.054s||0|
|19||11||Sergio Perez||RED BULL RACING HONDA||1||+38.205s||0|
|20||18||Lance Stroll||ASTON MARTIN MERCEDES|
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 Friday at 216.32 within its 52 wk range of 127.73 – 233.66 in NY. It’s all time high in NY was marked at 233.66 intraday on 29 December.
Key technical indicators are Bullish across the board. The candlestick pattern indicates the confirmation of the break out at 196.01 on 3 November and confirmed.
The Key support is at 213.83 and the Key resistance is at 216.86. The 27 August candlestick confirms RACE’s return to a Very Bullish trend.
All of our Key technical indicators are Bullish across the board.
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. 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 prosperous week, Keep the Faith!