Ferrari (NYSE:RACE) to Open Driver Academy to Women in the Fall

Ferrari (NYSE:RACE) to Open Driver Academy to Women in the Fall

$RACE

Women despite being a very small minority of race car drivers have proven that their racing abilities can match or in some cases best those of men.

Top-10 poles in NASCAR, breaking Pikes Peak hill climb course records, and overall Dakar wins attest to this. But because of politics between amateur and pro racing, young women wash out from intermediate-level motorsport at an even higher rate than men.

It’s a complex problem, one the pinnacle of motorsports’ sanctioning body, the FIA, takes seriously, but does not know how to manage.

The FIA announced Thursday that its “Girls On Track – Rising Stars” program has struck a deal with the Ferrari Driver Academy to give 2 young female prospects full-season drives in regional F4 series, with the possibility of a 2nd year available. These 2 will be the finalists from a field of 25 drivers from 5 continents, all of them girls between the ages of 12 and 16 anni, which the FIA has preselected in advance of the program’s 1st stage.

This October, the lot of drivers will congregate for a “shootout” at Circuit Paul Ricard, the site of F1’s French Grand Prix, from which 12 will emerge. They will advance to “training camps” for karting and F4, and the Top 4 will move on to a week-long course with the Ferrari Driver Academy in November. Then, 2 of these drivers will garner the coveted F4 drives.

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 Bullish with a Very Bullish bias, the Key resistance 175.36, and Key support is at 161.91.

Our overall technical outlook is Bullish in here, as all Key indicators are Bullish to Very Bullish as it approaches its all time highs at 179.21 marked on 18 February 2020.

Ferrari (NYSE:RACE) finished Friday at 167.89, +2.60 in NY.

Monday, 163.97 -3.92 (-2.33%) Pre-Market: 4:46a EDT

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 Including 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.