Ferrari (NYSE:RACE) Celebrates 90 Yrs with Automobile Club d’Italia

Ferrari (NYSE:RACE) Celebrates 90 Yrs with Automobile Club d’Italia

$RACE

On 4 September in Milan’s Piazza Duomo come to celebrate the 90th Italian Grand Prix to be held at the Monza circuit and 90 years of The Scuderia

The 2 names that have made history in the motoring world, the Automobile Club d’Italia (ACI) and Scuderia Ferrari are getting together for 2 important anniversaries.

In the afternoon of Wednesday 4 September, in Milan’s Piazza Duomo, ACI will celebrate the 90th Italian Grand Prix at the Autodromo Nazionale di Monza and, for the occasion, by special invitation, The Scuderia will commemorate its 90 years since being founded.

An event held in the heart of the city telling the story of the Italian Grand Prix at the Monza track along with the extraordinary adventures from its very beginnings of the Scuderia Ferrari.

Cars from all eras will be on display, some of them taking part in a spectacular parade starting from Piazza Cordusio.

Amongst the cars will be the Alfa Romeo 8C driven by Tazio Nuvolari, the first driver to ever win a race for Enzo Ferrari’s team, the 1940 Auto Avio Costruzioni, the very first car built by Ferrari after the end of the Alfa Romeo relationship as well as Chris Amon’s 312 F1, Niki Lauda’s 312 T, Gilles Villeneuve’s 126 CK and Michael Schumacher’s F2002.

Also on show will be the 488 GTE which won this year’s Le Mans 24 Hours, the 1986 prototype IndyCar and a host of wonderful Ferrari road cars, all of them the very essence of elegance, performance and technological innovation.

The Automobile Club d’Italia, Italy’s governing body of motor sport, has always been at the forefront when it comes to promoting racing and ensuring the continued future of the amazing event that is the Italian Grand Prix.

The ACI will be in the Piazza Duomo, along with the AC Milano, organisers of the Italian GP and SIAS (Società Incremento Automobilismo e Sport), to celebrate in well-deserved fashion, this important and prestigious anniversary.

It would not have been possible without the determination demonstrated by ACI President Angelo Sticchi Damiani as he fought to ensure Monza’s future as one of the cornerstones of the F1 World Championship calendar.

This anniversary celebrates the past, but it is also a starting point in ensuring that the future of the sport and the show is a match for the great days gone by, which resulted in the “Temple of Speed” being one of the best loved circuits for drivers and race fans all around the world.

Scuderia Ferrari’s history is not just about its great cars, it is also about the brilliant drivers who have raced in them.

Many will be in Milan to meet the fans and recall some of their greatest moments with the Maranello Outfit’s Prancing Horse.

If they represent the Scuderia’s glorious past, then the students of the Ferrari Driver Academy hope to be its future.

Also, 7 talented youngsters competing in F1’s feeder series will also be participating: Mick Schumacher, Callum Ilott and Giuliano Alesi (Formula 2) and Robert Shwartzman and Marcus Armstrong (F3).

Attending the event will be Ferrari Vice President Piero Ferrari and Scuderia Ferrari Team Principal Mattia Binotto together with the current race drivers, Sebastian Vettel and Charles Leclerc.

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 Neutral to Bearish, overhead resistance is at 159.96 and support at 155.97 all Key indicators are flashing Neutral to Bearish in here. Ferrari finished at 156.56, + 3.34 Monday in NY.

Note: Goldman Sachs upgraded Ferrari to ‘buy‘ from ‘neutral ‘calling the stock’s pullback a good “entry point.” “We upgrade Ferrari from Neutral to Buy, offering 15% upside to our new price targets of 182. Our thesis, outlined in Life of Luxury published last month, is fundamentally unchanged post Ferrari’s in-line 2-Q results. We view the stock’s recent pullback (-7.5% since July 16) as a good entry point in here.

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term investment, and I see it at 200/share in that frame.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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