By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: F1: This Ferrari Sparkling Wine Replaces Champagne on the Podium
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Sports > Formula One > F1: This Ferrari Sparkling Wine Replaces Champagne on the Podium
2021

F1: This Ferrari Sparkling Wine Replaces Champagne on the Podium

Paul Ebeling
Last updated: March 6, 2021 1:24 am
Paul Ebeling
Share
4 Min Read
wine
SHARE

#F1 #Ferrari #Champagne

$RACE

“Ferrari are guaranteed to be on the podium after every F1 race this season” –Paul Ebeling

F1 management has struck a deal with Italian sparkling wine producer Ferrari Trento, its Ferrari Brut is now the “official toast of Formula One celebrations“.

Now Ferrari, not Champagne, will be served on the podium at the end of F1 races.

The F1 podium ceremony has traditionally used Champagne. After several decades of using Moet and Mumm Champagne after races, sparkling wine producer Chandon was used on the podium from the start of Y 2016.

F1 CEO Stefano Domenicali said he sees no problems. Asked why the sport had decided on the switch, he said: “The answer is very simple: it is the quality of the product and the quality of the company. This is the reason why our relationship has developed.“

JW F1 2021 SEASON CAL 1

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 188.90 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.

A Key technical indicator has turned Very Bullish. Ferrari’s stock is very oversold in here, but the pattern still indicates the confirmation of the break out at 196.01 on 3 November and confirmed.

The Key support is at 184.33 and the Key resistance is at 193.94 at the close Friday in NY.

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 243.60.

The Maranello Outfit’s shares were raised downgraded from Buy to Hold at HSBC Thursday.

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 has been just 1 instance of insider selling over the past yr that we have seen.

The stock is considered defensive in the sector.

Have a healthy weekend, Keep the Faith!

You Might Also Like

Quo Vadis : Are you happy?

Pharrell’s Spring/Summer 2026 Louis Vuitton Menswear Collection: Another Massive Miss

Detailed History of Iran Israel Wars and Ceasefires

Iran Strikes U.S. Bases in Qatar and Iraq

Understanding the Dow Jones Industrial Average

TAGGED:AGManalystsbrandBullishbuychampagneearningsEPSF1FerrarigrowthinvestmentinvestorsluxuryMaranellopatternproductsprofitraceresistancesalesstakeholdersstockSupercarsupportundervaluedvaluevirtualWallStreet

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By 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.   
Previous Article licensing 0 8 Ferrari’s (NYSE:RACE) Annual Meeting of Shareholders Will be Held Virtually
Next Article bolaa 2021 logo Good Friend and Acclaimed Chef David Slay, Declared Best of the Fine Dining Chefs in Los Angeles for 2021


Latest News

Riyadh Skyline 1 scaled 1
Saudi Arabia’s Digital Revolution
Blockchain for Government Headline News Knightsbridge Insights Opinion Saudi Arabia Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments June 23, 2025
image 36
De-Dollarization Is Inevitable
America Gold Headline News Most Popular Must Read Opinion Politics Shayne Heffernan USD June 21, 2025
c0502f16 1b2b 4f96 8fe6 6f4ab5e5f43f
US Bombs Iran: Escalation and Implications
Bitcoin Gold Headline News Shayne Heffernan Shayne Heffernan on Investments Todays Trade Ideas USD June 21, 2025
GuAZEmrXcAAE9Mx
USA Bombs Iran
America Gold Headline News Middle East Opinion Politics Shayne Heffernan Shayne Heffernan June 21, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?