Home 2021 F1: This Ferrari Sparkling Wine Replaces Champagne on the Podium

F1: This Ferrari Sparkling Wine Replaces Champagne on the Podium

#F1 #Ferrari #Champagne


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.

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!

Previous articleFerrari’s (NYSE:RACE) Annual Meeting of Shareholders Will be Held Virtually
Next articleGood Friend and Acclaimed Chef David Slay, Declared Best of the Fine Dining Chefs in Los Angeles for 2021
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.