F1 Was Off This Weekend at MC, But Ferrari’s Leclerc Was Full Out on the Streets of Monaco

F1 Was Off This Weekend at MC, But Ferrari’s Leclerc Was Full Out on the Streets of Monaco

$RACE

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!

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.

HeffX-LTN overall technical outlook for RACE is overall Neutral with a Bullish bias, there is Key resistance 163.97, and Key support is at 157.42.

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!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it 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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