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F1: Verstappen Wins in shortest ever Grand Prix as heavy rain hit Spa

#GrandPrix #Belgium #Spa #Francorchamps

$RACE

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

POSNODRIVERCARLAPSTIME/RETIREDPTS
133Max VerstappenRED BULL RACING HONDA10:03:27.07112.5
263George RussellWILLIAMS MERCEDES1+1.995s9
344Lewis HamiltonMERCEDES1+2.601s7.5
43Daniel RicciardoMCLAREN MERCEDES1+4.496s6
55Sebastian VettelASTON MARTIN MERCEDES1+7.479s5
610Pierre GaslyALPHATAURI HONDA1+10.177s4
731Esteban OconALPINE RENAULT1+11.579s3
816Charles LeclercFERRARI1+12.608s2
96Nicholas LatifiWILLIAMS MERCEDES1+15.484s1
1055Carlos SainzFERRARI1+16.166s0.5
1114Fernando AlonsoALPINE RENAULT1+20.590s0
1277Valtteri BottasMERCEDES1+22.414s0
1399Antonio GiovinazziALFA ROMEO RACING FERRARI1+24.163s0
144Lando NorrisMCLAREN MERCEDES1+27.109s0
1522Yuki TsunodaALPHATAURI HONDA1+28.329s0
1647Mick SchumacherHAAS FERRARI1+29.507s0
179Nikita MazepinHAAS FERRARI1+31.993s0
187Kimi RäikkönenALFA ROMEO RACING FERRARI1+36.054s0
1911Sergio PerezRED BULL RACING HONDA1+38.205s0
2018Lance StrollASTON MARTIN MERCEDES

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

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!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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