Charles Leclerc drove a Ferrari (NYSE:RACE) flat-out around the streets of Monte Carlo Sunday morning as he starred in a remake of the cult film C’était un Rendez-vous.
On the same day that the cancelled Monaco Grand Prix was due to take place, Mr. Leclerc got behind the wheel of a Ferrari SF90 road car and clocked speeds of 150 mph on the Grand Prix circuit.
The film, titled Le Grand Rendez-vous, was directed by Claude Lelouch, who filmed the controversial Y 1976 original featuring onboard footage of a car speeding through Paris before arriving at Sacré-Cœur for a mystery date.
The original, filmed using a Mercedes 450 SEL but with the soundtrack of a Ferrari 275 GTB dubbed over the Top, was controversially shot on open roads, with the car dodging traffic and running red lights.
It attracted a cult following as an underground film, but was only officially released in Y 2003 after gaining notoriety on YouTube.
Here is the original it is terrific!
Our overall technical outlook is Very Bullish in here
Ferrari finished Friday at 160.48, +1.72 in NY.
The Maranello Outfit’s shares were raised to Buy from 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 have called it at it at 200+/share long term, adjusting it to 200/share short term (after the virus) and siding with BAML to 230 long term for now. The stock is now considered defensive in the sector.
Have a healthy week, Keep the Faith!