Ferrari (NYSE:RACE) Has Overtaken the Value of Fiat-Chrysler

Ferrari (NYSE:RACE) Has Overtaken the Value of Fiat-Chrysler

$RACE, $FCAU

Ferrari NV (NYSE:RACE) has overtaken its former parent Fiat Chrysler Automobiles NV (NYSE:FCAU) in market cap by about a Billion.

Ferrari, which split off from Fiat Chrysler in October 2015 January, has a market value of $30.09-B. Fiat Chrysler’s market cap is smaller at $29.113-B.

The gap between the companies is set to widen, according to brokerages including UBS Group AG, Banca IMI SpA and Banca Akros SpA, which have all increased their price target for Ferrari by 20% or more.

Ferrari markets itself as a luxury car brand a cut above other sports car makers. As the number of people who can afford a Ferrari grows, the company is ramping up output without needing to lower prices closer to the mass market. 

Ferrari consistently reports strong earnings and released plans to expand its fleet of luxury vehicles, to include a roomy FUV 4-seater to its line of high-performance sports cars.

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 Very Bullish, overhead resistance is 168.41, and Key support at 164.48, as all Key indicators turned Bullish and the stock has established long term support ahead of this breakout.

Ferrari finished at 164.74, -3.63 Monday in NY.

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

Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products 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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